Job Description
Company Overview:
CB&I is the world's leading designer and builder of storage facilities, tanks and terminals. With more than 60,000 structures completed throughout our 130-year history, we have the global expertise and strategically-located operations to provide customers world-class storage solutions for even the most complex energy infrastructure projects.
Overview:
The Sr. Accountant is responsible for providing accurate, proactive and timely invoicing, cash collection, reporting and forecast. This role is the custodian of cash collection (including billing and forecasting), chasing up for payment and monitoring, and maintenance of bank accounts of the regional business unit (with the help of corporate treasury). This role is also responsible for maintaining, forecasting and timely monitoring of financial assurance (Letter of Credit and Surety Bonds) of the business. This position is an individual contributor role. The role directly reports to the corporate FP&A lead and routinely interacts with regional operations and business development teams.
Responsibilities:
- Prepare and Maintain Intercompany work agreements as required, including Intercompany invoicing
- Assist in monthly and quarterly financial reporting preparation, business plan & financial forecast
- Preparation of relevant monthly accrual journals and loading into the accounting system.
- Prepare assigned journal entries (prepaid amortizations, cash postings, benefits, rent, leases, intercompany billing, etc.), including Topside entries as required and maintain adequate supporting documentation
- Monthly GL reconciliation & closure - General Ledger reconciliations required every month before cutoff not limited to AR accounts (monthly reporting rhythm for AR metrics). Provide explanation for material variances
- Filing duly approved SEC compliance filings.
- Adhere to deadlines established in the Financial Reporting Calendar and Corporate-specific deadlines.
- Help with other analytics or accounting/finance projects as directed by the management
Local Requirements:
Americas Operations
Attributes
- Exposure to financial assurance products (Letter of Credit/Surety Bonds as performance guarantees) and collection and invoicing experience would be an added advantage
- This role is responsible for converting revenue into cash for the entire Americans Operations business segment of CB&I, which operates in USA and CSA (Central and South America) regions with significant annual sales ($300M to $500M)
- Client Invoicing
- Completing all ACH Forms for new customers, Providing W9 and IRS Explanations for Vendor Setup
- Communicating with Customers AP/Vendor team to ensure all criteria are met in order to receive payments for new contracts (electronic payments are encouraged)
- Setup Invoice excel templates for new contract awards Standard Lump Sum, Unit of Measure, Engineering Misc., Time & Material
- Engage with Project and Operations teams
- Setup customer information in JDE (ledger software)
- Prepare invoice(s); Lumpsum and T&M as requested by Project Mangers:
- Where required send invoice drafts for review and approval
- Follow-up with customers if they havent responded to invoice drafts
- Intercompany invoicing
- Bank account monitoring and maintenance
- Monitor bank accounts daily
- Accurately handle & record cash receipts
- Report to operations and finance team on daily/weekly basis of the collection status
- Maintain signatories of ~50 bank accounts across USA & CSA
- Collection and Record Keeping
- Contact customers (including state and local authorities) and project managers for payment status
- Track and monitor all collection emails that come through the invoicing inboxes
- Responsible for weekly check run / Lockbox
- Daily/weekly reporting of cash collection to area finance director
- Monitor retention account and co-ordinate with AR team to record entries when payments received
- Confirm any exchange rate and currency for recording invoices
- Record invoiced in AR subledger
- Cash forecasting
- Take ownership of the 17-week cash forecasting process
- Run the cash forecasting mechanism
- Financial Assurance
- Responsible for keeping track of actual and forecasted financial assurance for the company
- Liaise with corporate treasury and BD teams/Project Managers to provide new financial assurance and change the nature/value of existing financial assurance and also liaise with project managers to timely unwind financial assurance when due
- General Ledger reconciliations required every month before cutoff not limited to AR accounts (monthly reporting rhythm for AR metrics)
- Help with other analytics or accounting/finance projects as directed by the management
APA Regional Operations
Attributes
- Assist in payroll process for the Philippine entity (CBI Storage Solutions & HR Shared Services).
- Provide periodic reports (cash forecast/activity forecast/income statement) to regional offices in Dubai and Kuala Lumpur.
- Review, validate and allocate Suppliers and Intercompany invoices.
Manage Accounts Payable, Intercompany balances and settlements. Liaise with corporate & regional offices for invoice settlements.
Qualifications:
- Bachelors (4 year) degree in accounting or equivalent
- Proficient in MS Excel, PowerPoint, and Acrobat writer
- Minimum of 5 years of in-depth experience in general accounting and auditing.
- Strong understanding of local & project accounting requirements and tax laws
- ERP accounting software experience (MS office, JD Edwards/SAP or Oracle Cloud experience a plus)
- Experience with consolidation software is a plus (Hyperion Financial Management and Hyperion Financial Planning)
- Collection and invoicing experience
Skills and Behaviors:
- Business partnering skills
- Mentally agile and ability to multi-task and manage tight deadlines
- Strong communication and presentation skill, both written and verbal
- Long-term relationship building with client AP personnel, project managers, and other departments
- Ability to work and build credibility across the business, up to and including management level
- Strong analytical and problem-solving skills
- Adaptability and Agility to learn and contribute in varying and complex environments
- Establishes medium and long-term career and personal development goals
- Regularly introspect, seek feedback and adapt behaviors for ongoing personal development
- Utilizes communication skills appropriate to the environment, resulting in effective interactions with internal and external stakeholders
CB&I
Job Tags
Contract work, Local area,