Financial Controller

Petrofac is a leading international service provider to the energy industry, with a diverse client portfolio including many of the world’s leading energy companies.

We design, build, manage and maintain infrastructure for our clients. We recruit, reward, and develop our people based on merit regardless of race, nationality, religion, gender, age, sexual orientation, marital status or disability. We value our people and treat everyone who works for or with Petrofac fairly and without discrimination.

The world is re-thinking its energy supply and energy security needs; planning for a phased transition to alternative energy sources. We are here to help our clients meet these evolving energy needs.

This is an exciting time to join us on this journey.  

We support flexible working requests and have adopted a hybrid approach for most of our office-based roles. We ask employees to be present in the office at least three days per week.

Are you ready to bring the right energy to Petrofac and help us deliver a better future for everyone?

JOB TITLE: FINANCIAL CONTROLLER

KEY RESPONSIBILITIES:

• To lead and manage the Budgeting, Reporting and Financial Control function for the US Region with EPS, providing front line support to business unit leaders to manage the financial performance of their business streams and prepare budgets and forecasts. The position is also responsible for corporate compliance of US entities, as well as the integrity of the balance sheet. 
• Manages the profit and loss account and balance sheet with regular reconciliation of legal and business unit management accounts.
• Oversee the preparation of accurate and timely monthly management accounts in line with reporting timetable
• Coordinate and directs the preparation of the budget and forecasts and report variances.
• Oversee the US Treasury function, monitoring working capital, minimizing exposures and ensures the accounts receivable function is tightly controlled.
• Responsible for managing and developing the Finance and accounting staff with the ability to demonstrate success through effective team management.
• Ensure compliance with all relevant governance for operation for EPS West, US
• Support the business in identifying areas for maximizing margins
• Manages and directs the company’s financial control framework. Including assisting the management of debtors.
• Oversee the day-to day responsibilities of the Petrofac Inc and W&W Energy Finance teams, delegating where appropriate, and providing advice and support on more complex issue so that effective decisions are taken.
• Preparation and review of accurate financial results in line with reporting deadlines for group along with narrative to explain results
• Review and approval of month end journals, maintain project revenue and margin reconciliations.
• Accurate, timely and complete billing for the US business unit
• Preparation and review of other financial information required such as backlog, debtor information, KPI’s, etc. 
• Responsible for reporting and reconciliations of sales and cost accruals, as well as integrity of the Balance sheet.
• Keep abreast of laws and regulations that apply to Finance to maintain up-to-date compliance.
• Work with internal, external and customer auditors to review the accuracy and completeness of reporting
• Provide support for Finance representation at BU and SL Risk Review Committee (RRC) and for any financial matters that require RRC consideration.
• Performs all other duties as required by the Asset Solutions Leadership team.
• Responsible for the bottom-up preparation of budgets for the US business including preparation of reports and slides to analyse projected results, identify risks and summarise budget assumptions
• Preparation and analysis of regular reforecasts
• Challenge submitted numbers to ensure P50 budgets and forecasts provided
• Assist business in developing pipeline numbers for budgeting
• Prepare 3-year business plans for the US, ensuring they align with macro-economic forecasts and market intelligence.
• Maximise the efficiency of reporting and budgeting processes including reports used in Oracle, FCCS and EPBCS, ensuring the cost of meeting our reporting requirements are minimised
• Update Budget and Forecast figures in Planning according to Group Calendar
• Manage performance of direct reports through performance management processes addressing team and individual issues to ensure delivery and continuous improvement
• Support business improvement initiatives across the business and the finance function
• Prepare and distribute month-end calendar to both Petrofac Inc and W&W finance team
• Review and approve monthly manual journals, ensuring all journal have been properly supported 
• Review and approve Balance Sheet reconciliation in a monthly basis in Petrofac Account reconciliation system.
• Ensure Balance Sheet reconciliations meet the Group Standard Requirements
• Manage reconciliation between Oracle Fusion and FCCS financial statements
• Oversee that all Intercompany reconciliations are reconciled and documented
• Oversee all aspect of daily treasury operations
• Maintain updated bank mandates
• Ensure funds are available to run weekly payment proposals
• Communicate to Finance Directors any concern on collection of aged account receivable balances
• Make sure proper approvals are obtained for Manual Payment requests
• Bringing together the results for US Business from the relevant legal entities and presenting them to management and Group Finance along with commentary
• Produce consolidated information as requested, coordinating submissions from all relevant entities
• Consolidate budget and forecast submissions
• Consolidate cash flow reporting
• Ensure the correct accounting treatment for inter-company transactions
• Review of integrity and robustness of monthly results, forecasts & budgets and cashflow.

ESSENTIAL QUALIFICATIONS AND SKILLS:

• Ability to critically analyse current work methods while suggesting solutions and to rapidly implement successful change
• Must be able to investigate and reconcile items in both the balance sheet and the GL to projects rec while addressing root causes to ensure items are constantly reviewed and cleared off the balance sheet.
• Cope with rapid decision making in a high-pressured situation
• Able to interpret data to provide value adding management information
• Able to succinctly explain variances and fluctuations in performance
• Work with internal, external and customer auditors to review the accuracy and completeness of reporting and balance sheets.
• Responsible for the integrity and robustness of all GL Reporting to all stakeholders for the Asset Solutions West Service Line.
• Ensure accurate financial results in line with reporting deadlines for group
• Must be able to identify areas where action is needed t improve margins and identify what needs to be done.
• A recognized accountancy qualification. CPA and/or degree in accounting or finance
• Hands-on experience with payroll, account payable, account receivables, and banking process.
• Previous experience of using ERP systems and good understanding of business processes.
• Knowledge of the diverse aspects of Petrofac’s service offerings
• Oracle Financial Consolidation and Close (FCCS) and Oracle’s Enterprise Performance Management (EPM) Financial Management experience is desired
• Excellent Microsoft Excel required with an ability to manage large volumes of data and convert data to management information
• Reporting writing and analytical skills
• Strong people skills are required to ensure the team is motivated, efficiently utilized and adequately coached and mentored
• Ability to work effectively with all areas of the business and to communicate with colleagues and build effective relationships.
• Strong verbal and written communication skills particularly report writing and presentation skills
• Must be able to meet deadlines without fail and have problem solving skills and a can-do approach to challenges.
• An understanding and appreciation of end-to-end processes leading to the final report of financial performance.
• Must be able to influence others to follow processes and provide necessary input to allow the efficient reporting of results and forecasts
• Look for innovative ways to manage risk within contracts/new work.

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