Our client, a major Oil and Gas company, is looking for a Project Accounting Advisor II to work on a 1-year assignment in Houston, TX.
Summary:
The Advisor, Capital Assets is a senior accounting professional responsible for capital project accounting, month-end close, financial analysis, audit support, and capital asset reporting. This role partners with Fixed Assets, FP&A, Financial Reporting, and project teams to ensure accurate capitalization, compliance, and financial controls, while also supporting process improvements, complex accounting research, asset lifecycle activities, and continuous enhancement of capital accounting practices.
Responsibilities:
Perform and support monthly close activities related to capital projects and capital assets
Prepare and review journal entries, reconciliations, accruals, cost transfers, and supporting documentation
Support project accounting activities including project setup, cost tracking, capitalization readiness, and project closeout
Analyze and resolve complex accounting issues, balance discrepancies, and transaction exceptions
Prepare recurring and ad hoc reporting related to capital projects and capital assets
Support AFUDC/IDC calculations and related accounting processes
Assist with cost transfer and allocation processes
Support audit requests, SOX/internal control requirements, walkthroughs, and testing activities
Maintain and enhance RTR process documentation, narratives, and supporting procedures
Assist with balance cleanup projects, process enhancement initiatives, and system/process improvements
Partner with analysts and provide coaching, technical guidance, and review support
Work closely with stakeholders across Accounting, Capital Management, Fixed Assets, Financial Reporting, Regulatory, Tax, and FP&A teams
Identify opportunities to improve controls, efficiency, documentation, and reporting accuracy
Required Qualifications
Bachelor's degree in Accounting, Finance, or related field
5+ years of progressive accounting experience
Strong understanding of accounting principles and month-end close processes
Experience with project accounting, capital accounting, fixed assets, or construction accounting environments
Strong analytical and problem-solving skills
Advanced Excel skills
Experience working with large ERP systems such as SAP or Oracle
Ability to independently research issues, draw conclusions, and communicate recommendations
Strong interpersonal and communication skills
Proven ability to manage multiple priorities and deadlines in a fast-paced environment
Preferred Qualifications
CPA designation or CPA candidate
Utility industry experience
Experience with capital project accounting and CWIP accounting
Experience with project cost transfers, capital accruals, AFUDC/IDC, and capital reporting
Experience supporting external audits, SOX controls, and internal control documentation
Experience developing or maintaining accounting process documentation and walkthrough materials
Experience leading or supporting process improvement initiatives
Experience coaching or mentoring junior accounting team members
Nice-to-Have Experience - Candidates with any of the following experience are strongly preferred:
Fixed asset accounting
Asset unitization
In-service and capitalization processes
Depreciation accounting
Asset retirement and retirement unit accounting
Fixed asset cleanup and balance remediation projects
Capital work in progress (CWIP) analysis and cleanup
Asset transfers and asset master data management
- Regulated utility accounting environments