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National Oilwell Varco, Inc.

Project Accountant

National Oilwell Varco, Inc. - Houston, TX

Responsible for tracking progress on approximately 15-20 active projects with revenues greater than 10M per contract.
Review contracts for multiple elements of revenue recognition and billing milestones.
Review new project cost estimates for reasonableness.
Analyze cost incurred, as reported by intercompany partners, on a monthly basis.
Coordinate with general accounting/accounts payable to ensure proper processing of project related costs.
Reconcile project costs to budgets and discuss differences with project management on a quarterly basis.
Prepare revenue cut off testing as part of SOX compliance.
Coordinate with project management to gather required documentation for revenue recognition.
Prepare standard journal entries associated with the monthly closing of the general ledger.
Reconcile project related work-in-process and BIX/CIX accounts monthly.
Analyze balance sheet position of individual projects on a quarterly basis to ensure milestone billing is accurate.

Job Requirements
Bachelor's Degree in Accounting or Finance.3 years of professional Accounting experience.Understanding of SOX compliance.Prior Manufacturing industry experience preferred.Revenue Accounting and/or Auditing experience preferred.Excellent written and verbal communication skills.People skills are essential for this position as this person will be dealing with individuals across every level of the Organization.

11 days 5 hours ago

National Oilwell Varco, Inc.


Project Accountant National Oilwell Varco, Inc. - Houston, TX, United States


Location: Houston, TX

Company Profile:
Since 1841, National Oilwell Varco (NOV) has been dedicated to ensuring customers receive the highest quality oilfield products and services. Leveraging over 800 worldwide manufacturing, sales and service centers, National Oilwell Varco supplies customer-focused solutions that best meet the quality, productivity, and environmental requirements of the energy industry. National Oilwell Varco is a worldwide leader in providing major mechanical components for land and offshore drilling rigs, complete land drilling and well servicing rigs, tubular inspection and internal tubular coatings, drill string equipment, extensive lifting and handling equipment, and a broad offering of downhole drilling motors, bits and tools. National Oilwell Varco also provides supply chain services through its network of distribution service centers located near major drilling and production activity worldwide.