Project Accountant

Description

Seven Seas Water Group

Seven Seas Water Group (www.sevenseaswater.com) is a portfolio company owned by investment funds managed by EQT. Headquartered in Tampa, with operations across the U.S., Caribbean, and Latin America, Seven Seas Water Group (SSWG) delivers annually over 20 billion gallons of water to industrial, commercial, governmental, municipal, and hospitality customers. SSWG designs, builds, owns, and operates, delivers new facilities, or acquires and upgrades existing facilities, with the goal of optimizing project risk transfer between the public and private sectors. We have more than 200 water and wastewater treatment plants in operations throughout the United States, Caribbean, and Latin America. With an outstanding reputation for decentralized water and wastewater treatment solutions, the SSWG “Water-as-a-Service®” approach seeks to help solve global water and wastewater infrastructure challenges.

SSWG operates two businesses within the water infrastructure space. Seven Seas Water, which provides water treatment and desalination for governmental, hospitality and industrial customers in United States, Latin America and the Caribbean, and the AUC Group (www.aucgroup.net), which provides decentralized water and wastewater treatment plants for industrial and municipal customers in the United States. 

EQT is a purpose-driven global investment organization focused on active ownership strategies. With a Nordic heritage and a global mindset, EQT has a track record of more than three decades of developing companies across multiple geographies, sectors, and strategies. EQT has investment strategies covering all phases of a business’ development, from start-up to maturity. EQT has EUR 273 billion in total assets under management (EUR 141 billion in fee-generating assets under management) as of 30 June 2025, within two business segments – Private Capital and Real Assets.

With its roots in the Wallenberg family’s entrepreneurial mindset and philosophy of long-term ownership, EQT is guided by a set of strong values and a distinct corporate culture. EQT manages and advises funds and vehicles that invest across the world with the mission to future-proof companies, generate attractive returns and make a positive impact with everything EQT does.

The EQT AB Group comprises EQT AB (publ) and its direct and indirect subsidiaries, which include general partners and fund managers of EQT funds as well as entities advising EQT funds. EQT has offices in more than 25 countries across Europe, Asia and the Americas and has more than 1,900 employees.

More info: www.eqtgroup.com

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Essential Duties and Responsibilities:

The Project Accountant will be responsible for the financial aspects of ongoing construction and maintenance projects for the Seven Seas Water Division. The position will be in our Houston, TX office and reports directly through the Controller with a dotted line to the Engineering organization. The responsibilities include: 

· Monitor and track capital project budgets, commitments, actual costs, and forecasts.

· Prepare and analyze monthly project financial reports, including variance analyses and performance metrics.

· Collaborate with project managers and procurement teams to ensure appropriate cost coding and alignment with budgets.

· Reconcile project expenditures against contracts, purchase orders, and change orders.

· Ensure timely and accurate capitalization of assets or reporting metrics in accordance with US GAAP and company policy.

· Support internal and external audits related to capital projects and fixed assets.

· Assist in the preparation of cash flow projections and funding requirements for ongoing projects.

· Utilize ERP system to maintain accurate records of project-related financial documentation, including invoices, approvals, and supporting documentation.

· Provide regular updates to management on project accounting for ongoing projects and any relevant information for newly entered contracts.

· Identify and escalate project cost overruns or risks, and significant savings or opportunities.

· Assist with maintaining the internal control framework around projects.

· Participate in the development and implementation of process improvements and financial controls related to project accounting.

Requirements

Qualification/Requirements:

· High attention to detail and accuracy

· Proactive mindset and problem-solving orientation

· Integrity and commitment to maintaining financial compliance and controls

· Strong knowledge of US GAAP, notably ASC 606 and 842.

· Ability to work well with team members and other departments at all levels within the organization.

· Strong Excel skills.

· Strong knowledge of ERP systems; IFS experience a plus. 

· Well organized with ability to prioritize in a fast-paced environment.

· Spanish speaker a plus.

· Minimal travel, as needed.

Education/Experience:

· Bachelor’s degree in Accounting, Finance, or a related field.

· Professional certification (CPA, CA, CMA, or equivalent) preferred

· 2–5 years of experience in accounting or finance, with at least 1 year in project accounting or in a capital-intensive industry

· Strong understanding of capital expenditure accounting, cost control, and asset capitalization

· Proficient in ERP systems and advanced Excel skills.

·Knowledge of project management principles and cost control methodologies.

· Strong analytical, organizational, and communication skills.

How to Apply

Candidates must apply through our website, or by sending resumes to Talent@7seaswater.com. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans.

Applicant will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.