P
roject Finance
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Provide efficient Project Finance services on a day to day basis; working on a portfolio of
p
rojects (varying number of projects of different $ values at any given point in time)
--
For assigned project(s), manage and analyse the collection, recording, and allocating of project costs,
e
nsuring accurate project revenue recognition calculations, and communicating project financial
p
erformance and profitability to project/program management
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Responsible for lifecycle project accounting from creating project accounts in the ERP, to tracking
p
rojects and project budget, validating invoicing, project close-out, and reconciling overall project
p
ayables and receivables to project budgets
--
Partner with the Project Manager and project team to establish the project budget, updating budgets, and
m
aking project accounting recommendations as needed when contract modifications or budget changes
a
rise (including LGL-05 compliance)
--
Assist with subcontractor set-ups in UBW, subcontractor agreements a nd raising requisitions/POs in UBW
+
receipting invoices; sound knowledge of subcontractor policy and WSP's standard subcontractor/sub
c
onsultancy agreements; work closely with Procurement team . This includes evaluating subconsultant
i
nvoice submittals for accuracy.
--
Provide labour rates where required; transfers hours/expenses following company's policies/procedures
u
tilising shared services/GBS team
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Initiate invoicing requests with the GBS team incl. all necessary supporting documentation; maintain
b
illing information to ensure correct submission of invoices and follow up with project team/client/WSP
A
R on late payments
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Monitor key indicators and proactively assist in resolving project exceptions in a timely manner to keep
o
verall exception count low (exceptions (not limited to): cost overruns, hard limits, costs but no budget,
(
aged) WIP (positive/negative), aged AR)
--
Assist with other queries from the business as they arise (this may include informing them of the correct
c
ontact person)
--
Verify contract and change order characteristics for projects that are small-medium-sized and/or of a
m
oderate-level of complexity, including reading and interpreting contract language, billing requirements,
m
odifications, purchase orders, and subcontract/consultant terms
R
eporting and Analysis
--
Utilising UBW, Power Bi (and other tools as required) to produce (internal and/or external) reports on a
r
egular basis, analyse reports (cost trackers and other project specific reports) to monitor actual
e
xpenditure vs. approved budgets; highlight any variances/issues to Project Managers and Commercial to
a
ssist in minimising financial risk to the business
--
Investigate any variances or issues that may arise on a project and resolve with relevant support from other
b
usiness sections (e.g. working closely with AP, AR, Procurement, HR and Payroll, Financial Systems
g
roup)
--
Attend project-related meetings to inform the team regarding the current status of project financials,
a
rticulating problem projects and following up on any identified actions as discussed
--
Assist with proposal costings where required
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Create and submit client or panel reports related to projects
C
ompliance and Control
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Ensure the project accounting and administrative setup is in accordance with revenue recognition policy ,
D
elegation of Authority and compliant with SOX 52-109
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Ensure Project data is accurate in UBW, including budgets, project credentials and WBS structure. Ensure
c
hecks are in place for data integrity
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Assist with internal and external audits, e.g. collate documentation within required timeframes, utilising
G
BS to extract details
--
Adhere to the Project Accounting guidelines and other processes and procedures implemented across the
P
FS team
T
raining and Development
--
Complete relevant and mandatory training
--
Knowledge of IMS and WSP procedures and policies to educate self and others; provide training to new
s
taff where required, e.g. assist with training new PFS team members, project teams in the use of UBW,
P
ower Bi, cost trackers etc.
--
Identifying/Suggesting Project Finance processes/procedures associated with projects;
s
hare successes with the PFS team
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Contribute to the Project Finance Team and actively share knowledge; chair team meetings
a
s required
--
Ensure you stay up to date with the latest processes, policies, procedures and team updates by being an
a
ctive member on the Project Finance Teams page
K
ey Competencies
M
andatory Skills
A
t least 3+ years' experience within Project Finance, including maintaining financial data in an ERP
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Working knowledge of project accounting principles, practices, and methods and their application to project work-related issues.
--
Analytical mindset with an ability to exercise sound independent judgement in evaluating situations and
m
aking decisions with financial implications to the company
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Effective interpersonal and communication skills when interacting with others, expressing ideas effectively and professionally to a financial and non-financial audience
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Ability to learn new techniques, perform multiple tasks simultaneously, follow instruction, work independently, and comply with company policies
--
Effective self-leadership with attention to detail, results orientation, and managing multiple priorities in a dynamic work environment
--
Ability to productively work with remote teams and build strong relationships with line manager, PFS's, Project Managers and Commercial
--
Critical thinking and problem-solving skills required to apply learned subject matter and technical knowledge to reach conclusions from data collation, documentation, statistical analysis, and arriving at the most effective, economical, and logical solution
D
esired Skills
P
roficiency with technical writing, office automation and accounting software, technology, math principles, spreadsheets, MS Excel, pivot tables, formulas, data format/sort/f ilter, VLOOKUP, predictive models, and tools
T
ertiary degree in relevant field (commerce, accounting, finance, business administration)
W
SP is one of the world's leading professional services consulting firms. We are dedicated to our local communities and propelled by international brainpower. We are technical experts and strategic advisors including engineers, technicians, scientists, architects, planners, surveyors and environmental specialists, as well as other design, program and construction management professionals. We design lasting solutions in the Transportation & Infrastructure, Property & Buildings, Earth & Environment, Power & Energy, Resources and Industry sectors, as well as offering strategic advisory services. Our talented people around the globe engineer projects that will help societies grow for lifetimes to come.
W
ith approximately 4
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