Project Accountant in Birmingham, West Midlands, United Kingdom
Birmingham, West Midlands, United Kingdom |
GBP £150 to £200.00 per day |
Contract
Mane are recruiting for a Project Accountant to work on a 6 month contract to join the Rail Automation division for the largest industrial manufacturing company in Europe.
Purpose of the Role
Financial management of a suite of projects within a the Project Delivery organisation
As a Project Accountant you will look after 4-5 small to medium size projects.
-Commercial accountant
-Regular communication with and influencing stakeholders
-Project forecasting and reporting
-Budgeting
-Cash flow
Responsibilities?
1.Project Mobilisation
a.Undertake a handover from the Tendering and Estimating team of the financial elements of a successful bid, including the baseline value and budget, CBS and baseline Project delivery Report (PDR) and full set up in the SAP system.
2.Project Forecasting and Reporting
a.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.
b.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 .
c.Ensuring all change is properly incorporated in cost and value, including approvals for submitting contract variations and including unagreed variations in forecast final value.
d.Maintain for each project the P&L, balance sheet, order book and cashflow on behalf of the PM
e.Working with other parts of the project team as necessary eg Commercial function, prepare project reporting to the client where required
f.Ensure all project audit requirements are dealt with in a timely and professional manner.
3.Functional Reporting and Forecasting
a.Ensure all project reports and forecasts are submitted to Central Finance on time, accurate, understood and approved, where necessary.
b.Provide meaningful supporting commentary where required on variance analysis
c.Act as the independent conscience of the project ensuring the integrity of the financial status and forecast, escalating issues or concerns where necessary.
4.Month End
a.Review and amend, where necessary, project accruals related to internal and agency staff, materials and major subcontractors.
b.Ensure the correct trading margin % and verify the traded position
c.Provide commentary on traded position and financial status/movement where necessary
5.Accounts Receivable
a.Manage or support the setup, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger.
b.Actively monitor the payment cycle ensuring any required actions are taken to maximize the cash position, chasing payments with supplier where necessary
c.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.
6.Other Responsibilities
a.Maintenance of the project and CBS within the SAP Project Ledger.
b.Compliance with all Group accounting policies, but in particular with the long term contract accounting policy.
Essential
*Part qualified accountant with recent accountancy work experience
*Strong communicator with the ability to challenge and influence others
*Desire and ability to work closely and develop productive relationships with both finance staff and other project functions.
*Strong organisational/planning skills
*Advanced Excel skills
Desirable
*Relevant contract/project accounting experience
*A high level understanding or core contract terms and conditions which have a financial aspect
If you are an experienced Project Accountant looking to join a successful company please apply to this advert.
Purpose of the Role
Financial management of a suite of projects within a the Project Delivery organisation
As a Project Accountant you will look after 4-5 small to medium size projects.
-Commercial accountant
-Regular communication with and influencing stakeholders
-Project forecasting and reporting
-Budgeting
-Cash flow
Responsibilities?
1.Project Mobilisation
a.Undertake a handover from the Tendering and Estimating team of the financial elements of a successful bid, including the baseline value and budget, CBS and baseline Project delivery Report (PDR) and full set up in the SAP system.
2.Project Forecasting and Reporting
a.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.
b.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 .
c.Ensuring all change is properly incorporated in cost and value, including approvals for submitting contract variations and including unagreed variations in forecast final value.
d.Maintain for each project the P&L, balance sheet, order book and cashflow on behalf of the PM
e.Working with other parts of the project team as necessary eg Commercial function, prepare project reporting to the client where required
f.Ensure all project audit requirements are dealt with in a timely and professional manner.
3.Functional Reporting and Forecasting
a.Ensure all project reports and forecasts are submitted to Central Finance on time, accurate, understood and approved, where necessary.
b.Provide meaningful supporting commentary where required on variance analysis
c.Act as the independent conscience of the project ensuring the integrity of the financial status and forecast, escalating issues or concerns where necessary.
4.Month End
a.Review and amend, where necessary, project accruals related to internal and agency staff, materials and major subcontractors.
b.Ensure the correct trading margin % and verify the traded position
c.Provide commentary on traded position and financial status/movement where necessary
5.Accounts Receivable
a.Manage or support the setup, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger.
b.Actively monitor the payment cycle ensuring any required actions are taken to maximize the cash position, chasing payments with supplier where necessary
c.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.
6.Other Responsibilities
a.Maintenance of the project and CBS within the SAP Project Ledger.
b.Compliance with all Group accounting policies, but in particular with the long term contract accounting policy.
Essential
*Part qualified accountant with recent accountancy work experience
*Strong communicator with the ability to challenge and influence others
*Desire and ability to work closely and develop productive relationships with both finance staff and other project functions.
*Strong organisational/planning skills
*Advanced Excel skills
Desirable
*Relevant contract/project accounting experience
*A high level understanding or core contract terms and conditions which have a financial aspect
If you are an experienced Project Accountant looking to join a successful company please apply to this advert.