EnerMech

Global asset support for energy projects

Finance Project Accountant

Cost & Management AccountingPosted on Nov 10

Full-timeAbu Dhabi - United Arab EmiratesNo salary listedIn-person

About the Job

Requirements

Secondary education and higher qualifications are required.
A CA/CIMA equivalent is required.
Previous experience in a business partnering role in a medium-sized business is required.
Wide knowledge of the practical daily operations of an accounting team is required.
Experience working with integrated enterprise resource planning business management systems is required.
Proficiency in Microsoft Excel is required.
An experienced accountant with 3–5 years of experience in a project environment is required.
Experience managing long-term contracts is required.
Ability to convey information fluently, interpret and clarify details, and explain rationale is required.
Ability to manage relationships with Project Managers, Operations teams, and Procurement teams is required.
Ability to manage day-to-day relationships with team leads in the Shared Services Centre, acting as a project point of contact, is required.
Ability to condense large amounts of information into a useful form is required.

Responsibilities

Control the finances of assigned projects in close collaboration with the Project Manager to secure or improve the mobilized forecast gross profit and outperform the forecast cash curve where applicable.
Provide visibility and control of project working capital, including accrued income, accounts receivable, work in progress, goods received not invoiced, and accounts payable.
Before project mobilization, work with the Project Manager to clarify contractual terms and understand assumptions and constraints in the bid forecast gross profit.
Support resource planning by clarifying internal and external labor budget splits required to deliver project scope.
Ensure the project team understands the equipment required to meet customer requirements, including owned, hired-in, or purchased equipment.
Ensure logistics requirements and consumables are identified so costs can be forecast reliably in the mobilized forecast gross profit.
Verify the project revenue and cost baseline and submit differences between bid and mobilized forecast gross profit to the Business Line Vice President for approval and sign-off.
Create the customer sales order in Navision using the approved work breakdown structure and input the detailed revenue and cost budget and applicable milestones.
Create job codes in Navision with approved work breakdown structure tasks and manage active job codes in line with phased project execution.
Transfer the mobilized phased revenue and cost forecast into Mercury and BFT at the required level of detail, reconcile it to the approved budget baseline, and do so before execution begins.
Ensure timesheets and purchases are recorded accurately and on time throughout project execution.
Work with the Project Manager and Invoicing Coordinators to secure timely approval and invoicing of completed work under contractual requirements and milestones, and prioritize invoicing where a factor is used.
Ensure the Project Manager signs off monthly project performance, including key performance indicators, working capital, gross profit performance, project cost-at-completion, and cash-flow forecast where applicable.
Maintain the integrity of the project forecast in Mercury and BFT throughout the project lifecycle, reflecting agreed scope, current execution schedule, and current risks and opportunities.
Maintain a single reconciled forecast, ensuring Mercury and BFT values agree, Navision actuals reconcile to the forecast structure, and discrepancies are identified, explained, and resolved.
Complete financial close-out and archive project financial documentation.
Monitor commitments and accruals and track contingencies, provisions, and management reserves.
Support the Project Manager with estimate-at-completion and estimate-to-complete cost forecasting; monitor financial performance against budget and forecast, identify variances and root causes, track customer purchase-order coverage, and notify the Project Manager of potential breaches.
Implement cost-control measures agreed by the Project Manager.
Participate in detailed project reviews and analysis, supporting Finance Leadership and Project Managers with visibility into forecast gross-profit changes against previous forecasts.
Work with Business Line teams to understand performance variances and coordinate with the Shared Services Centre to ensure accurate variance explanations in management reports.
Ensure client rates are charged correctly in accordance with the contract or purchase-order schedule of rates.
During monthly close, ensure prior-month cost accruals are reversed and review that equipment off-hire has been processed according to the Project Manager’s schedule.
Analyze timesheet reports for completeness and correct coding, and verify contractor invoices align with timesheets.
Review goods-received-not-invoiced reports from the Shared Services Centre and approve accruals.
Review unposted supplier-invoice reports from the Shared Services Centre and approve accruals while avoiding double counting.
Manage revenue recognition through accrued income, ensuring accurate and timely income recording under FRS 15, contract terms, milestones, and group accounting standards and policies.
Approve accrued income, accounts receivable and work-in-progress provisions, and client bonuses where applicable; request that the Shared Services Centre process entries and maintain cost accruals for costs not yet invoiced or receipted.
Finalize gross-profit analysis and prepare project key performance indicators, including balance-sheet and working-capital analysis, investigate trends, and issue the project pack to the Project Manager by the stated workday deadline for the applicable region.
Conduct gross-profit reviews with Project and Operations Managers, document discussions and agreed amendments or corrections at job or service-line level, ensure revenue and costs are aligned, confirm the Shared Services Centre records final adjustments, and submit the final report to the Project Manager for sign-off.
Support Business Line project consolidation for profitability reporting, conduct variance analysis and commentary, and support Business Line leads with query resolution.
Provide supporting commentary and analysis for month-end reporting reviews with Geography Finance Directors; identify financial trends and provide actionable insights for decision-making.
Review regular Business Line, Service Line, and job profitability reports produced by the Shared Services Centre record-to-report team and resolve related reporting queries.
Assess the financial impact of change orders and update cost-at-completion and gross-profit forecasts accordingly.
Implement and monitor project-level financial controls; support the Project Manager in identifying risks, mitigations, opportunities, and plans to realize opportunities.
Support risk and opportunity decisions by quantifying potential impacts and integrating them into cost-at-completion and gross-profit forecasts.
Support the Shared Services Centre Collections team with collections input and ensure the Project Manager prioritizes invoices that could materially affect accrued income or accounts receivable provisions.
Clarify client disputes and support the Geography Financial Controller and Finance Director with challenging collections issues, including settlement negotiations.
Provide the Financial Controller and Finance Director with supporting documentation to manage bad debts accurately.
Process journals through the Shared Services Centre record-to-report team by submitting documented requests and reviewing or approving journals.
Maintain data integrity across systems, support gate reviews and audits, and ensure compliance with financial governance requirements.
Complete financial close-out by closing job task numbers, delivering final invoices, reconciling costs, reporting, and archiving financial documentation.
Maintain comprehensive project financial documentation for audit, legal, and contractual purposes.
Coordinate with internal and external auditors on project-related reviews and compliance checks.
Raise service-delivery risks and issues with Shared Services Centre leads.
Support service-performance improvements, root-cause analysis, and removal of service-delivery blockers.
Review and manage escalations or exceptions raised by the Shared Services Centre team, escalating them to the Geography Financial Controller and Finance Director as needed.
Support the Financial Controller with balance-sheet reconciliation review and resolution of open items, liaise with the Shared Services Centre to obtain final sign-off, and support action plans for unreconciled items.

Desired Qualifications

Further education qualifications are preferred.
Exposure to fast-paced organizational change is preferred.

Finance Project Accountant - AMEC

EnerMech · Abu Dhabi, United Arab Emirates · Full-time · Posted 2026-11-10

Workplace: on_site

Department: Finance

Description

We are EnerMech, a specialist service company that delivers safe, integrated solutions for complex energy projects. For over 50 years, we’ve been energizing our clients across the world with unrivaled expertise, equipment, and technology that supports the entire asset life cycle – offshore and on land. We enable progress through our three global business lines: Energy Solutions, Infrastructure & Industrial Solutions, and Lifting Solutions. Within these areas, we offer a wide range of services, including cranes, lifting, fluid power, training, equipment rental, pipeline, subsea, process, and valves – all designed to help you optimize performance, enhance reliability, and improve efficiency. With a focus on operational excellence, we deliver value through our customized integrated solutions. This approach reduces risk and enhances efficiencies making us a leading and trusted partner every step of the way.

Diversity & Inclusion

EnerMech is dedicated to fostering a diverse and inclusive organization. We believe that diversity enriches our team, and we welcome applications from candidates of all backgrounds, cultures, and identities.

Accountabilities:

Accountable for the financial control of assigned projects, working hand-in-hand with the Project Manager to secure and enhance the “As Mobilised” forecast Gross Profit of the project and outperforming the “As Mobilised” forecast cash curve if applicable.
Provide clear visibility and control of project working capital including, Accrued Income, Account Receivables, WIP, GRNI and Accounts Payable.

Prior to project mobilization:

Working with the Project Manager, ensure that there is a clear understanding of key contractual terms and that all assumptions and constraints in the “As Bid” forecast Gross Profit are well understood.
Ensure a clear understanding of the split of the budget elements between internal and external labour required to deliver the project scope by supporting the Project Manager in resource planning.
Ensure that the project team has obtained clear line of sight of own equipment v hired-in / purchased equipment required to deliver the customer requirements identified.
Ensure that key logistic requirements and consumables have been appropriately identified, so that the costs can be reliably forecast in the “As Mobilised” forecast Gross Profit.
Verify project revenue and cost baseline and ensure that any differences between the “As Bid” and “As-Mobilised” forecast Gross Profit are submitted to the Business Line VP for approval and sign-off.
Ensure the creation of the customer sales order in Navision with the approved WBS structure and ensure that a detailed revenue & cost budget along with all relevant milestones if applicable are correctly input.
Ensure the creation of Job Code in Navision with the approved WBS tasks and ensure the management of active(live) job codes in line with the phased execution of the project.
Ensure that the “As Mobilised” phased revenue and cost forecast is taken on into Mercury and BFT at the required level of granularity, reconciled to the approved budget baseline, before the project is released into execution.
Ensure that all timesheets and purchases are timely and correctly recorded on the project throughout the project execution phase.
Work with the Project Manager and Invoicing Coordinators to ensure the timely approval and invoicing of all work completed in line with contractual requirements / milestones and manage the prioritisation of invoicing where a factor is used.
Ensure that the Project Manager’s signs-off monthly project performance including key KPI's, working capital, GP performance, project CAC and cashflow forecast if applicable.
Accountable for the integrity of the project forecast held in Mercur and BFT throughout the project lifecycle, ensuring that at all times it reflects the agreed scope, the current execution schedule and the latest assessment of risks and opportunities.
Accountable for a single, reconciled version of the forecast, ensuring that the values held in Mercure and BFT agree, that Navision actuals reconcile to the forecast structure, and that any differences are identified, explained and resolved.
Ensure the effective financial close-out and archiving of project financial documentation.

Responsibilities

Monitor commitments and accruals and track contingencies, provisions and management reserves
Support the Project Manager in cost forecasting (EAC/ETC) and monitor project financial performance v budget & forecast, identify variances and establish root cause. Track customer PO cover and notify the Project Manager of potential breaches
Implement cost control measures agreed by Project Manager as necessary
Participate in deep-dive project reviews and analysis, supporting Finance Leadership and Project Managers with a clear view of forecast GP evolution verses previous forecast.
Work with business line teams to understand performance variances and coordinate with SSC to ensure accurate variance explanations in management reports.
Ensure correct rates are charged to the client in accordance with the SOR outlined in the contract or PO

During the monthly close:

Ensure that all previous month’s cost accruals are reversed and review and equipment off-hire has been processed as per schedule provided by the PM
Analyse timesheet reporting for completeness / coded and that contractor invoices align with timesheets
Review receipted PO’s (GRNI) reporting from the SSC and approve accruals
Review unposted supplier invoices reporting from the SSC and approve accruals, avoid double counting
Manage revenue recognition (accrued income), ensuring accurate and timely recording of income in accordance with FRS15, contract terms / milestones and group accounting standards and policies.
Approve accrued income / AR & WIP provisions and client bonus if applicable and request to SSC to process entries Maintain cost accruals for cost which has not been invoiced or receipted
Finalize GP analysis and prepare project KPI's incl. BS / Working Capital & follow-up reason for trends. Issue pack to PM by work day 3/4(EUR/AMEC) / work day 7/8(APAC/AMER)
Run GP reviews with Project and Operations Managers, capturing key discussion points and agreed amendments or corrections, either at a job or service line level, to ensure revenue and costs are aligned. Ensure that final adjustments are recorded by the SSC and submit final report to PM for sign-off.
Support the Business Line with the consolidation of projects for profitability reporting, conduct variance analysis, commentary and support the Business Line leads on query resolution.
For month end reporting, provide supporting commentary and analysis for review with Geography FDs. Identify and highlight financial trends, providing actionable insights to support decision-making.
Review regular Business Line/Service Line/Jobs profitability reports produced by SSC R2R team and support with query resolution related to the production of regular reports.
Assess financial impact of change orders and ensure the update of forecasts (CAC/GP) to reflect impacts.
Implement and monitor project-level financial controls. Support the Project Manager in identifying project risks with mitigations and opportunities with plans to crystalise them.
Support management decision making regarding risk and opportunity management by supporting in the probabilistic quantification of risks and opportunity impacts and ensuring the integration of impacts into the forecasts CAC/GP.
Support the SSC Collections team by providing input on collections. Ensure that the Project Manager prioritises invoices that may have significantly impact on accrued income and/or accounts receivable provisions
Ensure clarity regarding client disputes and support Geography FC and FD in challenging collections issues such as settlement negotiations.
Provide the FC and FD with supporting documentation required to manage bad debts accurately.
Process journal via the SSC R2R team, raising requests with supporting documentation, and reviewing/approving journals.
Maintain data integrity across systems, support gate reviews and audits, and ensure compliance with financial governance requirements.
Execute financial close-out including closing all job task numbers, delivering final invoices, cost reconciliation, reporting and archiving of all financial documentation.
Maintain comprehensive project financial documentation for audit, legal, and contractual purposes
Coordinate with internal and external auditors for project-related reviews and compliance checks
Raise risks and issues in service delivery to the SSC Leads.
Support service performance improvements, root cause analysis and removal of blockages in service delivery.
Review and manage any escalations or exceptions as raised by the SSC team, further escalating to Geography FC and FD as needed.
Support the financial controller in balance sheet reconciliation review, open items resolution, liaising with SSC to enable final sign-off and support action plan for unreconciled items.
Review and manage any escalations or exceptions as raised by the SSC team, further escalating to Geography FC and FD as needed
Support the financial controller in balance sheet reconciliation review, open items resolution, liaising with SSC to enable final sign-off and support action plan for unreconciled items.

Requirements

Experience Requirements

Essential:

Secondary education Higher qualifications
CA/CIMA equivalent
Previous experience in a business partnering role in a medium sized business
Wide knowledge of practical daily operations of an accounting team
Experience working with integrated ERP business management systems
Proficient in the use of Microsoft excel

Preferred:

Further education qualifications
Exposure to fast paced organizational change

Anticipated Skills

Technical Discipline Expertise

Experienced accountant with 3-5yrs experience in a project environment
Experience in the management of long-term contracts.

People & Communication

Conveys information fluently, interpreting and clarifying details and explaining rationale
Manage relationships with Project Managers, Operations and Procurement teams
Manage day to day relationships with team leads in the SSC, acting as a project point of contact

Problem Solving & Decision Making

Finds ways to condense large amounts of information into a useful form

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About the Company

EnerMech

Global asset support for energy projects

EnerMech provides global asset-support services for energy and infrastructure projects, covering the full asset lifecycle from pre-commissioning through maintenance. It serves oil and gas, renewables, and other infrastructure markets by combining skilled personnel, advanced equipment, intellectual property, and digital technology to deliver integrated, multi-discipline solutions that minimize project delays and cut operational risk. Revenue comes from long-term service contracts, project-based engagements, and specialized consulting, powered by agile, continuously trained teams that work across regions. Unlike firms that offer siloed services, EnerMech delivers end-to-end support with a strong emphasis on safety, integrity, and efficiency, leveraging technology and IP to tailor solutions to each asset. The company’s goal is to keep critical assets operating reliably and safely, reducing downtime and extending asset life through comprehensive, risk-focused service delivery.

Company size: 1,001-5,000
Company stage: Not listed
Total funding: Not listed
Headquarters: Aberdeen, United Kingdom
Founded: 2008

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