The Project Accounting Supervisorplays a key regional role in achieving the overall business objectives byproviding timely, meaningful and accurate analysis of regional project costs,revenue, cash flows (Unbilled, Trade AR, Advance Payments, etc.
support ofaccounting and financial management, and positive liaison with the projectadministration teams across the region.
The Project Accountant interfaces withthe Division Business Leaders, Project Administration group, countries’ FinanceHeads and is responsible with their help, for fostering a teamwork approach tothe many challenges facing our business.
As with all positions in the company,a positive and pro-active approach is essential to succeed.
Review of Contracts / Purchase orders to determine the corresponding Revenue Recognition Methodology in Accordance with Emerson Policies and US GAAP standards
Ensurerevenue is recognized according to the Revenue Recognition Methodologyoriginally established based on the supporting documentation obtained from theExecution Department.
Reconcile,analyze and provide financial intelligence to the business regarding BalanceSheet accounts arising from Projects including unbilled, progress billing,customer advanced payments and Inventory Work-In-Process (WIP)
Report the financial performance of Revenue and COGS of the Entity according to the parameters established. Assure the completeness, integrity and accuracy of those reports based on the gatekeeping role of the position
Ensure financial, legal and contractual risk involving projects is well managed and properly represented in the financial statements of entity.
Remain up to date with any Revenue Recognition / Contract Accounting literature / pronouncements in order to assess and document proper selection of accounting treatment for any given contract.
Ensure accurate valuation of revenue and cost in accordance to the Foreign Currency USGAAP standards
Hold meetings with the Projects Teams to discuss margins and any disconnects. Closely monitor the entire finances of the contract (e.
g. profitability, cash flow, NTWC, currency exposure, etc),
Analyze costing Actuals vs. Costing Budget. Communicate with Project teams to understand significant variances and potential need for EAC adjustments.
Analyze project billings to ensure accuracy and timeliness.
Advise the LAM Accounting Manager of allsignificant project profitability issues, and actual or potential risks thatmay affect project profitability or liability accounts
4 to 5 years’ experience on projectaccounting, General Accounting or Big4 audit experience
Bachelor’s degree in BusinessAdministration or Accounting
Self-management skills and ability to work with limited supervision
Proactive,with strong communication and analytical skills
Mustbe able to communicate in English, both verbally and in written form
Portugueseis a plus
Emerson, a Fortune 500company with $18.4 billion in sales, more than 20 Innovation, Solutions &Engineering Centers, and 200 manufacturing locations worldwide, is committed tohelping employees grow and thrive throughout their careers.
We are innovators,question-askers and problem-solvers. We don’t settle for good enough or Thisis the way it’s always been done.
Instead, we push ourselves and strive forthe never been done before.
Our Automation Solutionsbusiness enables the greatest use of the world's most valuable resources,ensuring the performance and safety of industries that are the backbone ofdaily life.
Our Commercial &Residential Solutions business helps ensure human comfort and health, protectfood quality and safety, advance energy efficiency and create sustainableinfrastructure.
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