Assistant Financial Controller - Nigeria Job at FMC Technologies Inc

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Job Title: Asst. Financial Controller

Job ID: #50855552

Location: Onne, Nigeria

Profession: Finance and Accounting

Employment Level: 4 Professional (3+ years of relevant experience)

Department: Finance and Accounting

Employer: FMC Technologies, Inc. (NYSE:FTI)

Responsibilities:

•   Performs accounting duties of a complex nature requiring advanced professional experience, knowledge and competency in accounting principles and practices.

•   Responsible for quotation, budgeting, invoicing, cost control and reporting for dedicated projects in Customer Support.

•   Assist Project Manager in financial issues and be involved in decisions of financial characters

Main Tasks:

•   Understand the fundamentals of project financial management using WBS structures as profit and cost collectors.

•   Create and maintain project networks to track and plan office direct labor and material costs.

•   Create and maintain project billing milestones.

•   Set-up billing sales order documents based on the payment terms and schedule defined in the customer contract

•   Create and maintain project billing plans

•   Understanding of the difference in commercial terms (CostPlus, Unit Rate, & Fixed Price)

•   Create project specific and customer specific pricing agreements for reimbursable scopes of work

•   Create and analyze debit memo requests for earned reimbursable scopes of work

•   Create and analyze billing request documents for earned fixed price milestones.

•   Assist the Project Manager in managing project AR including obtaining supporting documentation and following up with customer AP personnel to ensure that invoices are paid within theterms defined on the contract

•   Analyze project actual, committed and planned costs at a very detailed basis to assess what the appropriate EAC should be on a monthly period basis.

•   Analyze production progress reports to understand actual progress and areas where commercial deliveries in the future could be at risk.

•   Understand the potential magnitude of remaining scopes of work based on current and past performances (Productivity).

•   Assist the Project Manager in the identification, assessment, and development and management of mitigation plans for project risks.

•   Understand project scopes of work and identify when project scope changes have occurred

•   Assist in the development and execution of internal and external project changes.

•   Analyze actual cost and understand if improper cost allocations have occurred.

•   Challenge product Work Package Leads on financial and delivery data if necessary.

•   Responsible for internal budgeting on projects in accordance with internal procedures

•   Tasks related to period-end-closing

•   Monthly internal reporting – Cash flow forecast, project financials, WIP etc

Requirements:

•   Bachelor's degree in Accounting, Finance and Business Administration. ACA or ACCA preferred.

•   8 years or more of related professional accounting experience.

•   Computer skills with knowledge of word processing, spreadsheet and financial analysis software.

•   Experience in implementing accounting systems, methods, procedures and controls.

•   Strong knowledge of policies and procedures, organizational structure, and relationships between functional areas.

•   Demonstrates ability to work independently and to solve non-recurring problems. Demonstrates leadership ability and proficiency in mentoring, thinking creatively, and project planning. Demonstrates ability to effectively communicate information to appropriate parties

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