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Vacancy information

At Subsea 7, we take pride in being recognised globally as a leader across the Energy Industry.  For 5 decades our people have delivered over 1,000 projects in all water depths across our energy hubs and we continue to do so, adapting and evolving in an ever-changing world. 

Our sustainability and ongoing success are only possible through innovation, collaboration and the development and diversity of our people, assets, and technology.  By joining Subsea 7, you become part of a team of people who everyday ‘Make Incredible Things Happen’.

Role Overview

The Project Accountant will oversee and administer cost control activities to ensures accurate, timely and value-added analysis and reporting on a project.  The role contributes to the overall effective running of project financials with a key responsibility being cost performance status reporting.

The role undertakes all Project Cost Control functionality including budget set up, updates and monitoring, change management, variation estimating, cost reporting, risk contingency and management as well as all forecasting activities.

This non-technical support role presents an ideal opportunity for someone with a financial background, who is highly numeric with excellent Excel, analytical and administrative skills.  While an understanding of commercial project processes would be beneficial, this is not essential.

Subsea 7 recognise that talent is found in all industries and as such applicants do not require prior experience within the energy sector.  Applications will also be considered from candidates not yet operating at this level but who can demonstrate significant role relevant experience which can be further developed. 

Reporting to the Cost Control Lead, duties are to:

  • Ensure analysis and understanding of the scope of each project.
  • Develop a common understanding of the Tender budget through a review and analysis process with the relevant estimator and project team members.
  • Ensure the transfer of the Tender budget to the cost model to form the basis of future monitoring and control.
  • Prepare and establish the Cost Breakdown Structure and Budget Elements which describe the full structure to be used in the Cost Control System and that align into the Work Breakdown Structure.
  • Establish a project coding structure in accordance with the Group Guidelines taking into consideration the interface with the Project Planning Function, where applicable.
  • Ensure full coherence and utilisation of the Cost Control System and that it aligns with the Work Breakdown Structure for budgeting purposes and reporting key performance indicators throughout the project.
  • Establish and communicate processes and routines required for effective control and reporting during the project lifecycle to team members with consideration of financial and other compliance legislation.
  • Ensure the use of standard, appropriate templates for internal performance reporting.
  • Ensure familiarity and comprehension of the Group.
  • Maintain constant awareness of progress of work by pro-actively collecting the necessary supporting material (planning and reports) and information from all reliable sources.
  • Ensure the timely coding, collection, analysis and reporting of all project expenditure, together with the budget holder(s).
  • Ensure the monitoring and reporting of project.
  • Conduct reconciliation of forecasted and actual expenditures and the production of project accruals.
  • Produce short- and long-term cash flow projections in a continuous and timely manner.
  • Produce audit reports and other audit information as required by internal & external audit teams.
  • Prepare the Project Monthly Status Report in association with the Package Manager.
  • Prepare Close Out Documentation both internally and externally relevant to the Function.
  • Ensure proactive methods in sharing knowledge and experience, raising areas of difficulty and concern and assisting in improving routines.
  • Participate in estimating Variations Orders, prepare supporting data and documentation.
  • Calculate and plan Estimate To Complete (ETC).
  • Ensure in-depth analysis and reporting of variances on a periodic basis as well as calculate on a monthly basis.
  • Ensure all costs are allocated to the right destinations (departments, contracting entities).
  • Interface with budget owners on a regular basis to review commitments.
  • Interface and establish good working relationships with Parent Project Cost Controllers.
  • Ensure information is fed back to Estimating department during project execution and at project closing whenever needed.

Person Specification

  • Excellent communication skills, both verbal and written, accustomed to report writing.
  • Builds and maintains strong business relationships at all levels of the business.
  • Commercially aware, accustomed to working across all business strands.
  • Collaborative team worker who also demonstrates initiative and ownership.
  • Adaptable with a hands-on approach to supporting the team.
  • Pro-active and solutions-based, questions and will challenge the status quo.
  • Will devise and implement improvements.
  • Excellent analytical skills, and an ability to work with detail and high accuracy.
  • Strong planning and organising skills, and a commercial awareness.

Preferred Experience and Education

  • Experience of delivering Cost Centre Control.  A general understanding of associated project processes affected by cost would be beneficial but is not essential.
  • Part or fully qualified towards a professional accounting qualification (ie CIMA, ACCA) is desirable, other role relevant qualifications will also be considered.  Alternately substantial role relevant experience would be considered in place of full qualification.
  • IT literate across the MS Suite, proficient in Microsoft Excel (including advanced pivots/lookups etc)
  • Working knowledge of SAP is preferable, but not essential.
  • Understanding of the energy industry is preferable, but not essential.


Internal:  Financial Controller / Cost Control Lead / Parent Project Cost Controller / Heads of Department / Package Managers / Head of Projects.

External:  Industry partners / Appropriate professional bodies.


Subsea 7 are committed to creating a diverse workforce and we look to offer excellent career opportunities as you develop your skills and aspirations.

Along with a wide range of benefits we also offer flexible and remote working opportunities.


Beware Recruitment Scams
Please be on your guard against recruitment scams. These are increasingly being carried out online through false job advertisements, job websites, unsolicited emails, or bogus recruiters purporting to be from Subsea 7. As a company, we treat this fraud very seriously, and ask that you read our Recruitment Fraud guidance, to help you spot the signs of a scam.