About Seatrium
Seatrium Offshore Renewable Services Ltd (Seatrium ORS) has over 55 years of unparalleled expertise and experience in the offshore energy industry. Our heritage of being the only true single source EPIC contractor in the UK gives us a strong understanding of our client requirements from initial design concepts, fabrication, hook-up, and ultimately long-term balance of plant maintenance.
Working in partnership with our parent and sister companies Seatrium and Seatrium Fixed Platforms (Seatrium FP), we as a group, provide an in-house end-to-end solution from Engineering, Procurement, Installation, Commissioning, Operational maintenance, Warranty and Logistical support (EPIC-OWL). Seatrium FP completes the design and in-house fabrication at their Asian facilities and Seatrium ORS provides front-end support to the group for the UK and European market as well as providing Local Content to our clients from Installation onwards. We deliver bespoke maintenance and hook-up solutions for our clients, considering both their technical and commercial requirements to support asset life integrity.
The business is on a strong upwards growth trajectory. Turnover has averaged circa 5m over the previous two years. 2024 marks a significant step up with turnover, supported by awarded contracts anticipated to reach £11m rising to £90m in 2029 with a confirmed order book in excess of £400m. The projections are based on the work already awarded within the group, with this certainty providing the perfect platform to secure the required talent, underpinned by unique career opportunities, to deliver upon these growth plans including an ambitious acquisition strategy.
The Role
As part of the exciting growth detailed above, several roles have been created within the finance team. As Management Accountant the purpose of your role will be to provide a good solid reporting and financial management source for all Seatrium ORS’ contracts/projects via a proactive hands-on approach.
A key element of the role will involve developing the financial structures and reporting systems to create efficiencies and scalable solutions in all day-to-day finance activities, capable of meeting the business’s challenges and ambitions. The role therefore requires a sound understanding of consolidated accounts and system proficiency to deliver effective solutions.
Financial modelling is a key skill requirement, to provide business insight, aiding decision making to steer performance.
The role will involve monitoring / challenging project performance; collaborating where possible to deliver commercial insight, whilst ensuring accurate revenue and profitability reporting.
Key Responsibilities:
Management Accounting
• Produce draft management accounts, including providing insightful commentary for review.
• Preparation of consolidated accounts in line with the delivery of the business acquisition strategy.
• Produce effective financial modelling to facilitate budget/forecasting processes and decision making.
• Responsible for Sage 200 financial reporting structure, delivering efficiency and continuous improvement, to ensure processes are scalable, and standardising processes for new company setups for companies as acquired.
• Coordinate management accounts timetable to ensure strict deadlines are achieved.
• Responsible for ensuring financials are accurately reported on Group Consolidation System (Cognos)
• Perform / review balance sheet reconciliations, ensuring accurate transaction processing and timely resolution of issues as appropriate.
• Ensuring consistent and efficient accounting processes and internal controls are in place and procedures are adhered to
• Assist Finance & Admin Manager with Supervision of Finance Team, including supporting apprenticeship program, with coaching/training and overall support.
• Assist with external audit, liaising with group and to ensure smooth audit of annual financial statements.
• Responsible for VAT returns, including ensuring administration and record keeping is compliant and in line with regulatory requirements.
• Undertake any other tasks that may reasonably be required in accordance with the duties and the responsibilities of the post.ie assist with key tasks from other roles as requested to cover for holidays or absence within hours worked.
Project Accounting
• Weekly forecast update to track performance of fast paced offshore projects, including monthly forecast to support Management Accounts i.e. month end project revenue recognition and project cost accruals.
• Understanding of progress and productivity calculations to ensure risk and accurate progress is reported and challenged where necessary.
• Change management including identifying commercial opportunities, with suitable accounting structure to highlight variation performance.
• Understanding of project / contract risk, with risk reflected within the forecast, supported by risk register.
• Produce cash flow forecasts to ensure any potential temporary contract / project cash shortfalls are highlighted in order to be addressed / resolved.
• Ensure invoicing is conducted on a timely basis and in line with milestones, with variations invoiced at earliest opportunity.
• Work closely with Service Delivery Manager, to address operational concerns, timesheet reporting, ad-hoc reporting and financial performance updates
Minimum Requirement:
Working towards full qualification (part qualified CIMA / ACCA or equivalent) with minimum 5 years’ broad-spectrum experience in an accounting / finance role, including:
• Strong background in management accounting and controls.
• Commercially focussed who understands the importance and value of project control.
• Strong personal drive, high attention to detail and deadline driven.
• Strong communication skills, able to deal with people at all levels.
• Problem solving and solution experience.
• Fast paced Initiative and proactive
• Positive approach and work ethic
• Good systems ability and process improvement mind-set
Ideal Requirement:
• Experience of project accounting
• Group Consolidations
• HMRC compliance i.e VAT, Payroll
Salary & Benefits:
• £40,000-£50,000 depending on experience/qualification
• Health Insurance and Cash Plan
• Life Insurance 3 x Salary
• 25+8 Holiday
• Pension 3% Er’s Contribution (Rises to 5% after 5 Years)
• Cycle to Work Salary Sacrifice Scheme
• Study Package Support
• ½ day extra leave on Friday closest to birthday.
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