Project Accountant

Leading UK Engineering Consultancy, part of a global Group, is currently looking to appoint a Project Accountant to join its Project Controlling team to provide support to Project Managers on highly complex and high-risk projects.

The Project Accountant will:

• Control the estimate to completion of a project, recognise revenue, explain deviations and prepare provisions and non- standard accruals
• Be responsible for project risk management, WIP follow-up, write- downs, claims handling
• Have overall responsibility of risk assessment on project portfolio
• Manage a small team of 8 project coordinators

Specific responsibilities for the Project Accountant include:

Pre-project involvement

• Defining complex work breakdown structures and establishing

baseline WB and CB including REC budgets

• Involvement in the tender process, potentially including scenario modelling and review of pricing and risk

Cost controlling in projects

• Analysis and reporting on non-billable costs on projects
• Monthly project reviews with Business and/or RGLs to discuss deviations from project budgets
• Monthly deep dive reviews based on selection criteria
• Monthly meetings with Project Admin team to discuss escalated issues
• Report risk to RGLs and Project Risk Management team

Budget and revenue recognition reviews

• Reviews of cost-to-complete, correct revenue booked, deviations from project budgets, analysis of the WUWD on projects

Additional responsibilities for the Project Accountant include:

Working Capital Management

• Monitoring invoicing plans, project WIP balances and outstanding debt
• Project Provision - Claim/Bad Debt/WIP Provision
• Assisting in complex invoicing and debt issues

Special project reports and complex financial/system advisory

• Non-standard project reporting to senior management/clients and PMs
• High level advisory related to pricing of new activities, currency handling and design of financial processes on large projects
• Advice on budget breakdown structure, handling of claims and sub- contractors in relation to T&Cs
• Support projects requiring special care or governance - EU or JV

Education and process improvements

• Financial project management education to project managers, department managers and the project admin team
• Continuous focus on project controlling process improvements and alignment of methods
• Formal process of sharing ideas and defining new processes
• Monthly meetings with project coordinators

Suitable applicants for the Project Accountant position will:

• Be a Part-Qualified, Finalist or Fully Qualified Accountant
• Have significant project accounting experience
• Have a strong understanding of risk and process management
• Be able to manage multiple projects and budgets whilst maintaining accuracy ensuring completion within time, scope and budget
• Be open and flexible to travel to other UK offices

This is an excellent opportunity to perform an integral business support role and lead a skilled, driven team.

As a genuine employer of choice there will be a variety of areas and opportunities to develop your career in the future.

The recruitment process will move very quickly for this opportunity so please don't delay your application.