Project Accountant

Hays A&F
England, North Yorkshire, York
£37000.00 - £42000.00 per annum + 10% annual bonus
Closing date
Dec 14, 2021

View more

Job Role
Project Accountant
Salary Range
United Kingdom - GBP - £, £25,000 - £49,999
Transport & Rail
Contract Type
Full Time
Level of qualification
Part qualified, CIMA
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Job Details

Project Accountant £40,000 salary hybrid working based in York

Your new company

We are currently looking for a Project Accountant to join us in Siemens Mobility - Rail Infrastructure business in York on a fixed term 18 months period. Reporting to the Finance Manager you will support the financial management of the suite of projects in the Project Delivery organization.

Your new role

Project Mobilisation

* Undertake a handover from the Tendering and Estimating team of the financial elements of a successful bid, creating the baseline budget, Project Delivery Report (PDR) and Contract Forecast Report (CFR) and full set up in the SAP system

Project Forecasting and Reporting

* Report 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, completing tender templates to determine budgeted cost

* Maintain for each project the P&L, balance sheet, order book and cashflow on behalf of the PM

* 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 Project and Regional Management teams

* 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

* Calculate and review, where necessary, project accruals related to internal and agency staff, materials, and major subcontractors

* Verify periodic costs to ensure month end position accurately reflects the financial position of the project

* 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, chasing payments with customer where necessary

* On Target Cost/Cost reimbursable contracts, ensure timely and accurate provision of all supporting information to enable issuing, approval and payment of all actual costs claimed

Other Responsibilities

* Maintenance of responsible projects within the finance Systems

* Compliance with all Group accounting policies, but in particular with the long term contract accounting policy

What you'll need to succeed

* Part Qualified Accountant (CIMA/ACCA)

* Minimum 1-3 years accountancy experience

* Strong mathematically with advanced Excel skills

* Strong communicator with the ability to challenge and influence others

* Desire and ability to work closely and develop productive relationships with both finance staff other project functions

* The ability to analyse and use data to add value to a process or activity

* Be prepared to travel if required, occasional travel to project sites

What you'll get in return

* £40,000 salary

* Flexible working hours plus hybrid working policy (2 days in office)

* 10% bonus scheme depending on performance

* Career prospects in a global market leader

What you'll need to do now

If you're interested in this role. click 'apply now' to forward an up-to-date copy of your CV, or call us now. If this job isn't quite right for you but you are looking for a new position, please contact us for a confidential discussion on your career.

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