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Project Accountant

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  • Location

    South East London, London

  • Sector:

    Finance

  • Job type:

    Contract

  • Salary:

    £300 - £301 per day

  • Contact:

    Tim Jordan

  • Contact email:

    tim.jordan@morson.com

  • Job ref:

    176476TJ_1588861290

  • Published:

    7 months ago

  • Duration:

    26 weeks

  • Expiry date:

    2020-05-14

  • Client:

    #

Our client is looking to recruit a Project Accountant in Croydon. The successful candidate will need to work closely with project managers and be responsible for the day to day financial management of a projects in the portfolio.

What are my responsibilities?

  • 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 cashflow 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 setup, 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 cashflow management
  • Compliance with all Group accounting policies
  • 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?

  • Experience of working in a complex engineering, contracting or manufacturing environment
  • Experience of working in multi-discipline teams
  • Part Qualified/Qualified accountant ACCA/CIMA or equivalent
  • Degree qualified (desirable)