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Project Finance Coordinator

3 months ago

Droitwich, Worcestershire, United Kingdom Armstrong Fluid Technology Full time

Position: Project Accountant

Reports to: Financial Controller

Join a pioneering team at the cutting edge of fluid-flow technology, collaborating with over 1400 professionals worldwide. At Armstrong Fluid Technology, we pride ourselves on our commitment to excellence, supported by eight manufacturing facilities across four continents. Our organization is not just a leader in the industry; we are a vibrant community of innovative thinkers, united by a mission to shape the future and protect our planet.

As a vital member of our finance team, you will immerse yourself in a culture that promotes continuous learning and encourages you to challenge the status quo. You will thrive in a fast-paced, agile environment where today's solutions are crafted to meet the challenges of tomorrow.

The Project Accountant will be instrumental in overseeing the financial dimensions of various large-scale mechanical initiatives. The successful candidate will manage project budgets, revenue and cost recognition, forecasting, financial reporting, and cash flow generation based on project milestones and invoicing. It is essential that all financial operations align with corporate objectives and industry regulations. This role demands a meticulous professional with robust analytical capabilities, outstanding communication skills, and a background in a manufacturing setting.

Key Responsibilities:

  • Financial Oversight: Supervise and evaluate the financial performance of projects, ensuring adherence to budgets and achievement of financial goals.
  • Develop comprehensive project budgets, forecasts, and financial statements for executive review.
  • Examine project expenditures, pinpoint discrepancies, and suggest corrective measures.
  • Revenue and Cost Management: Guarantee precise and prompt recognition of project revenues and expenses, adhering to applicable accounting principles.
  • Assess and interpret contract stipulations to establish suitable revenue recognition techniques.
  • Collaborate with cross-functional teams to ensure accurate documentation and monitoring of costs and revenues.
  • Cash Flow Oversight: Create and track project cash flows based on development phases and invoicing milestones.
  • Partner with project leaders and finance personnel to ensure timely invoicing and accurate cash flow projections.
  • Finalize and reconcile projects promptly.
  • Monthly reconciliation of project sub-ledgers with the general ledger.
  • Manage cash inflow and outflow timing to enhance working capital and mitigate financial risks.
  • Cost Management: Establish and uphold cost control systems and protocols.
  • Ensure compliance with internal controls regarding project-specific materials and inventory.
  • Review and sanction project-related expenses, maintaining alignment with budgetary limits.
  • Reporting & Analysis: Generate regular financial reports, including cost assessments, profitability evaluations, and variance analyses.

Qualifications:

To excel in this position, candidates should possess:

  • A professional accountancy qualification (CIMA or ACCA) with a minimum of five years of post-qualification experience.
  • Demonstrated expertise in revenue and cost recognition, along with cash flow management for large-scale projects.
  • Experience in a manufacturing environment.
  • Strong analytical skills with a meticulous attention to detail.
  • Exceptional communication and interpersonal abilities.
  • Proficiency in financial software and ERP systems (e.g., SAP, Oracle, LN).
  • Advanced Excel capabilities, including financial modeling and data analysis.
  • The ability to work autonomously as well as collaboratively within a team.
  • Strong problem-solving skills and a proactive mindset.
  • The capacity to manage multiple projects and meet deadlines in a dynamic setting.

Why Choose Armstrong Fluid Technology?

By becoming part of our team, you will join a global network committed to advancing fluid-flow technology. You will have abundant opportunities for professional development, growth, and the chance to make a meaningful impact on the world. Together, we will create the solutions of tomorrow, today.