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Mechanical Project Finance Specialist
2 months ago
Position: Project Accountant
Reports to: Financial Controller
Join a pioneering organization in fluid-flow technology, where innovation meets excellence across a global network of over 1400 professionals. At Armstrong Fluid Technology, we are committed to engineering a sustainable future while fostering a collaborative community of talented individuals.
As a vital member of our finance team, you will thrive in a stimulating environment that promotes continuous learning and encourages you to challenge the status quo. Our agile workplace is designed to equip you with the tools to address tomorrow's challenges with today's solutions.
The Project Accountant will be instrumental in overseeing the financial management of significant mechanical projects. The successful candidate will take charge of project budgets, revenue and cost assessments, forecasting, financial reporting, and cash flow generation based on project milestones and invoicing. This role demands a meticulous professional with robust analytical capabilities, exceptional communication skills, and a background in a manufacturing setting.
Key Responsibilities:
- Financial Oversight: Monitor and evaluate the financial health of projects, ensuring adherence to budgets and achievement of financial objectives.
- Develop comprehensive project budgets, forecasts, and financial reports for executive review.
- Conduct thorough analyses of project expenditures, pinpoint discrepancies, and propose corrective measures.
- Revenue and Cost Management: Guarantee precise and timely recognition of project revenues and costs, in line with applicable accounting principles.
- Examine and interpret contract stipulations to establish suitable revenue recognition strategies.
- Collaborate with various departments to ensure meticulous documentation and tracking of financial activities.
- Cash Flow Oversight: Generate and supervise project cash flows based on construction progress and invoicing milestones.
- Partner with project managers and finance teams to ensure timely invoicing and accurate cash flow projections.
- Finalize and reconcile projects promptly.
- Monthly reconciliation of project sub-ledgers with the general ledger.
- Optimize cash inflows and outflows to enhance working capital and mitigate financial risks.
- Cost Management: Establish and uphold cost control systems and procedures.
- Ensure compliance with internal controls regarding project-specific materials and inventory.
- Review and authorize project-related expenses, ensuring alignment with budgetary limits.
- Reporting & Analysis: Generate regular financial reports, including cost tracking, profitability assessments, and variance analyses.
Qualifications:
To excel in this position, candidates should possess:
- A professional accountancy qualification (CIMA or ACCA) with a minimum of 5 years of post-qualification experience.
- Demonstrated expertise in revenue and cost management, along with cash flow oversight for large-scale projects.
- Experience in a manufacturing environment.
- Strong analytical skills with a focus on 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.
- Ability to work autonomously and collaboratively within a team.
- Strong problem-solving skills and a proactive mindset.
- Capacity to manage multiple projects and meet deadlines in a dynamic environment.
Why Choose Armstrong Fluid Technology?
By becoming part of our team, you will engage with a global community committed to advancing fluid-flow technology. You will find numerous opportunities for personal and professional growth while making a meaningful impact on the world. Together, we will create the solutions of tomorrow, today.
