Project Financial Manager

5 days ago

Droitwich, Worcestershire, United Kingdom Armstrong Fluid Technology Full time
Job Description

Job Title: Project Accountant

Job Summary:

Armstrong Fluid Technology is seeking a highly skilled Project Accountant to join our team. As a Project Accountant, you will play a crucial role in managing the financial aspects of multiple large-scale mechanical projects.

Key Responsibilities:

  • Manage project budgets, revenue, and cost recognition, forecasting, financial reporting, and cash flows based on project builds and milestone invoicing.
  • Monitor and manage the financial performance of projects, ensuring they stay within budget and meet financial targets.
  • Prepare detailed project budgets, forecasts, and financial reports for management.
  • Analyse project costs, identify variances, and provide recommendations for corrective actions.
  • Ensure accurate and timely recognition of project revenue and costs, in accordance with relevant accounting standards.
  • Generate and monitor project cash flows based on project builds and milestone invoicing.
  • Work closely with project managers and the finance team to ensure that invoicing milestones are met and accurately reflected in the cash flow forecasts.
  • Review and close projects on a timely basis.
  • Reconcile project sub-ledger to the general ledger monthly.
  • Manage the timing of cash inflows and outflows to optimize working capital and minimize financial risks.
  • Implement and monitor adherence to internal controls over project-specific materials and common stores inventory.
  • Review and approve project-related expenditures, ensuring compliance with budgetary constraints.
  • Prepare regular financial reports, including cost tracking, profitability analysis, and variance reports.

Requirements:

  • Professional Accountancy qualification, CIMA or ACCA, plus a minimum of 5 years post-qualification experience.
  • Proven experience in revenue and cost recognition and cash flow management within large-scale projects.
  • Proficiency in financial software and ERP systems (e.g., SAP, Oracle, LN).
  • Advanced Excel skills, including financial modeling and data analysis.
  • Ability to handle multiple projects and meet deadlines in a fast-paced environment.

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