Job description
Design Consultancy seeks a Project Accountant to join the business on a contract basis. The Project Accountant would support the business in the financial management of their projects. Reporting into the Senior Financial Controller the Project Accountant would have a thorough understanding of project-based businesses, focusing on revenue recognition, cost to complete and the calculation of direct margins.
Duties of the Project Accountant include:
- Oversee the financial aspects of all projects, including time bookings and third-party costs, ensuring compliance with financial regulations, most specifically revenue recognition.
- Review all timesheets booked in the project management system to ensure that time is being properly captured.
- Prepare and present financial reports to project managers and other stakeholders, providing insight into project profitability and financial performance.
- Provide management with a clear view of the strengths and weaknesses of their ongoing projects.
- Ensure all project-related financial operations adhere to relevant accounting standards and regulations
- Manage the monthly WIP report to ensure that revenue is accurately recognised.
- Liaise closely with the billing team to ensure that all sales invoices are issued in a timely fashion and that the WIP report is updated accordingly.
- Provide ad-hoc management accounting support to the Financial Controller as and when required, including reconciliations, variance analysis, reporting, forecasting, etc.
It will be a given that you have exemplary communication skills and be used to working with varied and senior stakeholders as well as demonstrating an ability to push back when required. Previous exposure to working in a professional services/project-based environment is essential.
Requirements for the Project Accountant include:
- Thorough understanding of project accounting, specifically with regards to cost-to-complete methodology, utilisation & margin analysis.
- Highly proficient in Excel.
- Strong written and verbal communications skills.
- Able to work independently and proactively in an efficient manner.
- Recommend and implement changes to processes where appropriate.
- Accuracy and attention to detail.
- Organised and structured approach.
- Ability to liaise effectively with all levels of management and staff.
- Preferred - part-qualified accountant (ACA, ACCA, CIMA)
- At least 5 years' experience working as a project accountant in a professional services business
This is an urgent role; therefore, candidates need to be available asap to commence the assignment.
Hybrid Working
Vacancy posted 3 days ago
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