Senior Financial Project Accountant

3 weeks ago


Aberdeen, Aberdeen City, United Kingdom NRL Full time

Job Title: Senior Financial Project Accountant

Job Summary:

NRL is seeking a highly skilled Senior Financial Project Accountant to join our team. As a Senior Financial Project Accountant, you will be responsible for monitoring the financial performance of projects, preparing project accounts, forecasts, and budgets, and ensuring all commercial and financial reporting deadlines are met.

Key Responsibilities:

  1. Financial Performance Monitoring: Monitor the ongoing financial performance of each project by preparing monthly project accounts, forecasts, and budgets.
  2. Commercial Analysis: Provide ongoing and regular commercial analysis and information regarding expenditures, commitments, and the financial performance of the contract.
  3. Internal Cost Reporting: Ensure that internal cost reporting for the contract meets corporate accounting and Commercial department requirements.
  4. KPI Performance: Monitor and provide feedback relative to KPI performance and highlight areas where improvement is necessary to optimise financial return.
  5. Invoice Review: Liaise with the commercial administrators to review invoices to ensure they are presented to the Client correctly and in a timely manner.
  6. Debtors Management: Monitor outstanding debtors and ensure that any commercial problems are addressed, and that cash collection is optimised.
  7. Revenue Growth: Identify ongoing opportunities for revenue growth and cost minimisation such that contract margins are enhanced.
  8. Labour and 3rd Party Reconciliations: Ensure Labour and 3rd party reconciliations are done on a monthly/quarterly basis.
  9. Commercial Terms and Administration: Understand the commercial terms and administration requirements for the allocated contracts to assist in managing and mitigating risks associated with contract delivery.
  10. Proactive Advice: Proactively provide advice and support to the Project Teams regarding the commercial aspects of the contracts.
  11. Contract Setup: Collate all relevant start-up information for jobs/phases and instigate contract setup as appropriate.
  12. Client Approval Process: Ensure all activities across the projects including minor estimates or CTRs are undertaken in line with client approval process and DOA prior to commencement.
  13. Company Policies and Procedures: Perform all tasks and prepare all information in accordance with the company's policies, processes, and procedures.
  14. Contract Administration: Support Contract administration, including all rate reviews, contract reviews, amendments, and incentive performance, etc.
  15. Tender Preparation: Provision of commercial support in the preparation of tenders and new business proposals.


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