Project Accountant in Birmingham, United Kingdom
Project Accountant
- Project Forecasting and Reporting
- Review and analyse project actual and forecast spend to support Work Package Managers (WPM) and the Project Manager (PM) in the financial control and forecasting of their budgets - Analyse new project forecasts, developing a view on robustness, timing, risk and opportunity. Review and, if necessary, challenge with both WPM and PM before finalising - Ensuring all change is properly incorporated in cost and value, including approvals for submitting contract variations and including unagreed variations in forecast final value - Maintain for each project the P&L, balance sheet, order book and cash flow on behalf of the PM - Completion of financial elements of the PDR. Support the PM in overall review of the PDR and attend the monthly PDR meeting - Working with other parts of the project team as necessary e.g. Commercial function, prepare project reporting to the client where required - If dealing with cost reimbursable contracts, ensure all project audit requirements are dealt with in a timely and professional manner
- Functional Reporting and Forecasting
- Ensure all project reports and forecasts are submitted to Central Finance on time, accurate, and are understood and approved, where necessary, by the PM and Regional Finance Manager - Provide meaningful supporting commentary where required or necessary - Act as the independent conscience of the project ensuring the integrity of the financial status and forecast, escalating issues or concerns where necessary
- Month End
- Review and amend, where necessary, project accruals related to internal and agency staff, materials, expenses and major subcontractors - Ensure the correct trading margin % and verify the traded position - Provide commentary on traded position and financial status/movement where necessary
- Accounts Receivable
- Manage or support the set-up, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger - Actively monitor the payment cycle ensuring any required actions are taken to maximize the cash position - If dealing with cost reimbursable contracts, ensure timely and accurate provision of all supporting information to enable issuing, approval and payment of project milestones in a timely manner
- Other Responsibilities
- Maintenance of the project within the SPIRIDON Project Ledger - Ensuring robust systems are in place for managing project site costs, local cash books or banking facilities - Compliance with all Group accounting policies, but in particular with the long term contract accounting policy - Aim to continuously improve financial processes and systems - Support ad hoc activities and projects where required
What do I need to qualify for this job?
- Part Qualified Accountant ACCA/CIMA or equivalent (essential)
- Experience of working in a complex engineering, contracting or manufacturing environment (essential)
- Experience of working in multi-discipline teams (essential)
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