Job Description

Responsibilities:

Progress Billing & Revenue Recognition

• Prepare and process progress billings/invoices based on percentage of completion, milestones, or contract terms

• Coordinate with project managers and engineers to validate work completed vs. billed

• Ensure billing aligns with contract scope, schedules, and client requirements

• Monitor unbilled revenue and ensure timely conversion to invoices

• Apply appropriate revenue recognition methods (e.g., percentage-of-completion)

Project Financial Management

• Develop and maintain detailed project budgets and forecasts

• Track project costs (labor, materials, subcontractors, overhead)

• Perform variance analysis between actual costs, budget, and billings

Accounting & Reporting

• Record all project-related financial transactions accurately

• Prepare Work-in-Progress (WIP) reports, including over/under billings

• Reconcile project accounts and ensure data integrity

• Generate monthly financial reports for management and stakeholders

Billing & Collections

• Ensure timely submission of invoices in line with client and contract requirements

• Track and follow up on accounts receivable and outstanding invoices

• Resolve billing discrepancies and client inquiries

• Maintain billing schedules and documentation

Cost Control & Analysis

• Review and validate project expenses before billing

• Identify cost overruns and recommend corrective actions

• Support financial planning and cash flow forecasting for projects

Compliance & Documentation

• Ensure compliance with company policies, GAAP/IFRS, and contract requirements

• Maintain accurate records of contracts, change orders, and billing documentation

• Support audits by providing necessary project financial data

Qualifications:

• Education: Bachelor’s degree in Accounting, Finance, or related field

• Experience: 3–5+ years of project accounting experience, preferably in construction, engineering, or similar industries

• Strong understanding of:

• Progress billing

• Percentage-of-completion accounting

• WIP reporting and contract accounting

• Proficiency in ERP/accounting systems (e.g., SAP, Oracle, Viewpoint, QuickBooks)

• Advanced Excel skills

• Progress billing and contract accounting

• Financial analysis and reporting

• Attention to detail and accuracy

• Strong communication with technical and non-financial teams

• Time management and ability to work overtime, if needed

• Problem-solving and critical thinking

About SMEC

For 75 years, SMEC has built a reputation as a trusted partner on major transport and energy infrastructure projects around the world. Our design leaders and specialist teams draw on deep expertise and experience delivering projects across a range of diverse environments, from some of the world’s most remote locations to some of the densest urban surroundings.

We understand the value of relationships to ensure that we comprehensively address all requirements at each stage in a project’s development. By closely collaborating with our clients, contractors, subcontractors and asset operators, we deliver commercially informed design thinking through local specialists who understand on-the-ground context and industry expectations.

We stand apart through our historically diverse, globally connected workforce, operating out of more than 40 countries with strong local relationships.

Our diverse workforce of professionals are highly respected experts who bring talent, experience and passion to their fields. Challenging boundaries, we look beyond the project scope to ensure we leave a positive impact in the communities we live and work in and allow present and future generations to thrive.

At Surbana Jurong, we put talent, hard work, teamwork and a fun workplace together to approach problems and solve them creatively and collaboratively. Join us in making a positive impact on the world!