Job Description

Modec Offshore Production Systems (Singapore) Pte Ltd is a leading provider of solutions to the Floating Offshore Oil & Gas market for more than 50 years and we are currently looking for a Lead Accounts Payable for our Project Controls Department to join us.

Being part of Modec means being the protagonist of a challenging career and being in touch with the latest deep-water production systems, knowing that your career begins in Singapore, but your talent can take you anywhere in the world. If you want to be one of the greatest in the market, this is your opportunity!

We are currently based at Metropolis, Buona Vista, Singapore. This will be a 2 year contract role.

Responsibilities:

Main role is to manage Accounts Payables for one of our Projects. Review all project invoices for accuracy and ensure compliance with contract and company policies, with correct WBS coding before approving for payment. Maintain the project cashflow forecast, working closely with project cost controllers. Focal point for finance related supplier queries. Support expense claim approval in SAP-CONCUR. Support hedging milestone updates to finance. Required to handle heavy invoice verification workload with meticulous attention to details.

• Review service invoices, project timesheet submission is in line, approved by correct budget owner, in line with project budget and correct WBS code.
• Familiarize with Purchase Order & Sub-Contract agreements to understand payment schedule & claim requirements.
• Review, validate and approve vendor/sub-contractor invoices in alignment with terms & conditions of the contract, ensuring supporting documents provided are in line with progress milestone or reimbursable claims, working closely with procurement, contracts & cost controllers.
• Check and approve expense claims as per company policy & personnel entitlement, working closely with HR & Finance.
• Create expense report from SAP system for reconciliation purpose as well as monitor accounts payable budget to ensure expenditures do not exceed allocated funds.
• In charge of project close-out accounts.
• Sets up, monitors and updates project cash flow.
• Sets up, monitors and updates currency hedging for project to reduce foreign exchange risks.
• Compile supporting documents for reimbursable claims to client.

Requirements:

• Degree in Engineering, Accounting, Business or Commercial.
• Minimim 3 to 5 years of experience in a project related field or similar environment.,
• Ability to analyse and perform variance analysis between actual and budgeted cost.
• PC skills with proficiency in MS Office and Primavera Software tool.

Modec is committed in creating a diverse and inclusive workplace. We take affirmative action to ensure equal opportunity for all applicants regardless of race, religion, national origin, gender, gender identity, sexual orientation, disability, age, or other legally protected characteristics.

MODEC