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Project Accounting Specialist
1 month ago
Job Title: Project Accounting Specialist
Job Summary:
We are seeking a highly skilled Project Accounting Specialist to join our team at DATS Recruitment Ltd. As a key member of our finance team, you will be responsible for managing financial aspects for Technical Services and Projects.
Key Responsibilities:
- Act as the financial business partner for Technical Services and Projects, leading cost reporting and system development.
- Support the Project Manager and Commercial Manager on commercial matters.
- Update financial forecasts, estimates to complete, and estimates at completion with input from the project team.
- Challenge and analyse the financial performance of projects.
- Manage the sales order and invoicing process.
- Align invoicing and cash flow with the customer's finance team.
- Ensure SAP workflows are maintained with the support of Group Finance.
- Translate sales orders into project budgets.
- Secure and control data for customer invoicing.
- Manage Work Breakdown Structure (WBS): release WBS projects and budget in SAP.
- Set up financial reporting in accordance with group guidelines.
- Conduct monthly project closures and report to Group Finance.
- Provide project Profit and Loss (P&L) reports in line with Corporate Finance guidelines.
- Perform margin and gap analysis.
- Monitor bought-in services (hours via time writing) and ensure accurate customer charging.
- Provide the Project Manager with financial impact assessments of identified risks, in close coordination with the Project Services Manager.
Requirements:
- Degree in a relevant field and a professional financial qualification, preferably CIMA.
- Minimum of 2 years post CIMA qualification experience in a finance controlling role, in a project-related environment.
- Knowledge of international accounting standards and Companies Act requirements.
- Flexibility and willingness to travel to various company sites as needed.
Benefits:
- Competitive salary up to GBP55,000.
- Company performance bonus (circa GBP3,000).
- 25 days holiday, increasing to 28 days after 6 years of service.
- All statutory bank holidays.
- One additional day off every 4 weeks (13 days per year).
- Company sick pay.
- Defined contribution pension scheme.
- Flexible working.
- WFH 2 days per week.