Project Accountant

Posted 27 March by Platinum Resources Easy Apply

Leading UK Engineering Consultancy, part of a global Group, is currently looking to appoint a Project Accountant in a 12 Month Fixed Term Maternity Cover Contract 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 team of 6 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 team.

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

Required skills

  • Budgeting
  • CIMA
  • Project Accounting
  • Project Accountant

Reference: 34445912

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