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At Lummus Technology, innovation thrives, and excellence is a shared pursuit. When you join Lummus, you are empowered to make an impact and be part of a dynamic team that celebrates creativity, encourages professional development, and fosters collaboration.
From our technology portfolio to our global workforce, Lummus is growing at a rapid pace, and we hope that you will grow with us during this exciting time.
The Project Accountant is responsible for managing accounting activities on aftermarket services projects and other assigned projects, performing account analysis primarily related to withholding tax analysis, federal and state taxes and duties related to accounting for projects with unique contract requirements
- Monthly Responsibilities
- Responsible for accounting on aftermarket service projects and other selected projects in petrochemicals, green circle and Lummus Digital as assigned.
- Interface with project managers and other responsible for execution of aftermarket projects.
- Maintains financial information according to terms of contracts. Prepares billings and performs various account reconciliations on approx. 65 active projects.
- Review contracts and understand the financial requirements of the parties.
- Project related responsibilities – record project journal entries such as warranty/client support, open new projects when they are received, load project budgets into the system, provide Project Managers with requested cost analysis, close projects on the system when they are completed.
- Prepare and upload selected project account analysis for multiple business units. Load prepared analysis to online document management system in time to achieve established due dates. Assure quality of account details. Review and make recommendations as required to manage balances.
- Gross Profit Forecast-New Forecast to Prior Forecast analysis
- Gross Profit to go – Change from prior forecast
- Flash Gross Profit – Actual to Forecast comments
- Reviewing contract capital report with respect to understanding project investment balances.
- Reconcile financial systems reports to assure the trial balance equals project sub-ledgers.
- Learn to prepare reports using the JDE financial information.
- Interface with the project controllers and prepare a detailed cash report, which lists all receipts and disbursements monthly.
Monthly Closing Responsibilities
- Prepare projects for monthly closing process (book intercompany accruals of cost as required, etc.).
- Identify and book project accruals.
- Prepare and book Foreign Exchange changes and bank transactions journal entry.
- Transfer costs from proposals to project expense, if required.
- Prepare detailed analysis of intercompany out of balances by project and interface with the project staff to assure that intercompany activity is booked from the matching report as required.
Lummus Technology is the global leader in developing technology solutions that make modern life possible and focus on a more sustainable, low carbon future. We license process technologies in clean fuels, renewables, petrochemicals, polymers, gas processing and supply lifecycle services, catalysts, proprietary equipment and digitalization to customers worldwide.
