Job details

Kuala Lumpur
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Vacancy information


The Project Accountant ensures accurate, timely and value added analysis and reporting on a project or projects.  The role ensures the provision of all cost control on the project including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities.

All personnel are expected to contribute to creating a positive HSEQ culture within Subsea 7 and ensure familiarity with and adherence to local HSEQ codes and practices. 

All personnel are also expected to contribute to creating a culture of ethics and integrity within Subsea 7 and ensure familiarity with and adherence to our Code of Conduct


  • Ensure compliance with all relevant policies, process and procedures and strive for continual improvement and the application of best practice
  • Responsible for the efficient, timely, accurate and cost effective management and delivery of the cost control activities within assigned project(s) and/or tender.
  • Run actuals analysis report to categorise against cost model ACWP, ensuring that all costs are processed in a timely manner.
  • Apply actuals analysis report to accruals tab in Cost Model. Reviewing accrual position to check the position is as expected, investigating any negative/pre-payment or large accruals prior to posting accruals in SAP.
  • Post accruals from accruals tab in cost model, ensuring that correct G/L accounts are utilised appropriately and as per guidance instructions.
  • Confirm ACWP position against SAP ledger to ensure all accruals are correctly posted for revenue & JLI.
  • Complete management report variance analysis for Finance output.
  • Update schedule with month end close position, ensuring all documents reconcile back to the cost model and all checks are cleared.
  • Complete cash forecast for all incurred and forecast cash receipts and expenses, ensuring internal costs are forecast in the period of expense and external revenues and costs are forecast in line with the latest advice from Contracts and SCM. Ensure cost model integrity checks are clear and XRT output reconciles to cost model.
  • Prepare and submit invoices to client, including draft process as required (Consider DSO impact)
  • Review actuals analysis files to ensure all actual costs have been accounted for and reconciled against the cost model EAC forecast. Any discrepancies should be investigated, ensuring that all parties concerned are consulted and issues are resolved in a timely manner. Budget assignment categories to be agreed and assigned in line with the above."
  • All cost and finance information to be populated. Ensure all integrity checks are clear.
  • Check SAP actuals for any Inter-Company balances that are posted which are still in the originating entity. Prepare reclassification journals
  • Project Accountant to complete any associated audit reports, responding to all audit queries when requested in a timely manner. – if needed.  


  • Degree qualified ideally in Cost Management, Project Management, or Finance.
  • Membership to a relevant Professional body is desirable
  • Broad experience of delivering project accounting and various types and size of project.
  • Relevant previous experience at an appropriate level in the subsea or offshore environment
  • Experience of establishing and leading Cost Control on projects


  • Operate within the Business Code of Conduct
  • Operate according to Subsea 7's Management Principles
  • Support standards and procedures for the relevant Function