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Project Accounting Team Lead, UK&I
AECOMBucharest, ROMSenior
Apply Company Description Work with Us. Change the World. At AECOM, we're delivering a better world. Whether improving your commute, keeping the lights on, providing access to clean water, or transforming skylines, our work helps people and communities thrive. We are the world's trusted infrastructure consulting firm, partnering with clients to solve the world’s most complex challenges and build legacies for future generations. There has never been a better time to be at AECOM. With accelerating infrastructure investment worldwide, our services are in great demand. We invite you to bring your bold ideas and big dreams and become part of a global team of over 50,000 planners, designers, engineers, scientists, digital innovators, program and construction managers and other professionals delivering projects that create a positive and tangible impact around the world. We're one global team driven by our common purpose to deliver a better world. Join us. Job Description Responsible for leading and managing a team of Project Accountants to support the AECOM GBS business, ensuring accurate project accounting is achieved and in compliance with relevant GAAP, regulatory practices and company policies and procedures. The Project Accounting team is responsible for the financial administration of AECOM projects with a C3, C2, C1 risk classification. The Project Accountant will have an assigned portfolio and assist operations teams from project set up to project closure. The Project Accountant will have responsibility for project revenue recognition, including month end close activities, interacting with operational teams. Primary responsibilities align with the use of Oracle and AECOM systems and ensure company compliance with SOX. The Team Lead will manage a team of Project Accountants. Key Responsibilities
- Line Management
- Supervision, motivation and guidance of Project Accounting team members
- Mentor and develop Project Accountants, driving effective team performance & engagement
- Promote a positive team culture
- Manage team resource levels and minimize voluntary turnover
- Interface with Business
- Develop strong working relationships and communicate effectively with Operational Finance Team
- Work alongside other towers operating within the GBS, representing the local Project Accounting function
- Provide advice and support to operational teams where required
- Quality checks
- Measures and ensures the accuracy of Project Accounting activities by validating key process steps before final approval, enabling error prevention, process consistency, and support accurate financial reporting
- The accuracy review is conducted for Project Setup, Project Modification, EACs and Month-End Process performed by the team
- Each process is reviewed weekly in real time, and is performed in alignment with the standardized checklist for each process
- Any detected error is addressed to the Project Accountant and is corrected before the final approval, minimizing stakeholder impact
- Emphasizes prevention over detection, reducing escalations and audit risks
- Consolidates the accuracy results into the monthly report, for Project Accounting metrics tracking
- Oversees target compliance and addresses deviations with corrective steps undefined
- Timeliness:
- Ensures tracking of monthly volume of workflows by each Project Accountant
- Consolidates the timeliness results into the monthly report, for Project Accounting metrics tracking
- Oversees target compliance and addresses deviations with corrective steps
- Project Financial Support
- Oversee the financial reporting of projects, ensuring financial accuracy and prudent accounting treatment is performed by the Project Accountants
- Understand Project Accountant workload and ensure project updates are processed efficiently
- Escalate complex/material project issues to the UK&I Operational Finance team
- Manage Project Accounting Month end close
- Ensure Project Accountants complete month end trackers accurately to ensure correct revenue recognition.
- Meet month end deadlines to ensure timely reporting and posting of adjustments.
- Drive the Project Accounting team to follow up on month end revenue events to ensure that appropriate updates are made to the system.
- Consistency & Standardization of Process
- Ensure consistent application of accounting standards across Project Accountants
- Support and execute standard processes within the Project Accounting team
- Ensure compliance with SOX and internal delegations of authority (DOA) requirements.
- Document processes and ensure that financial operational activities are executed and delivered as per the standards set by the company
- Ensure compliance with SOX and internal delegations of authority (DOA) / approval matrix requirements
- Internal and external audit support as and when required
- Special projects and other duties as assigned
- Management /Business/Accounting Bachelors Degree desired.
- Ability to manage and motivate a diverse workforce
- Strong interpersonal and communication skills
- Background in Finance
- Experience of project accounting, preferably in a multinational
- Flexibility to work on a late shift (3PM - 11PM)
- Demonstrable experience operating in a complex, fast paced, international business environment
- Fluent in English (oral and written)
- Strong analytical & problem-solving skills essential
- Ability to manage details but also understand the “big picture”.
- Identifies and executes initiatives and continuous improvements.
- Extensive operations interface and collaboration