Project Accountant
Project Accountant
Posted on :
15-01-2025
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1 Vacancy
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Job Description
Responsibilities:
- Business Partnering with Project Managers Project Delivery Teams and Senior Operations Management
- Develop strong working relationships with PMs and Ops teams through appropriate combination of face time and remote working
- Provide support to promote financial knowledge and understanding of nonfinance staff within our operations teams
- Attendance on portfolio overview meetings with Ops management
- Become trusted partner with Ops teams to help unlock complex financial issues
- Attend all project reviews in portfolio
- Proactively raise finance queries ahead of the review so that these can be clarified as part of the review process
- Partner with and challenge project teams during the review to bring clarity on project related finance issues
- Provide support to the Ops teams in preparing for Go/No Go reviews and Healthy Starts
- Early identification and understanding of movements in project portfolio KPIs to help inform Ops teams of potential financial risks / opportunities
- Communication of financial issues on projects to project teams
- Explain to the wider business (primarily Ops & Finance Leadership) potential/actual project risks & opportunities to the P&L and working capital of the end market and ensure communication is tailored and clearly articulated to this wider audience
- Expert systems user to support PMs and DPMs in use of Workbench when required
- Able to explain revenue recognition principles to nonfinance staff
- Ensuring revenue expressed across projects at month end is in line with revenue recognition rules
- Advising on impact of changes in project finances that have wider financial implications eg Loss Provisions/Write Backs and specifically understand impacts to both P&L and Balance Sheet
- Understand the impact on Revenue Recognition of any unusual contractual issues on projects
- Understand contractual agreements and implications on project set ups in Workbench
- Work with the project teams to understand any specific billing and payment requirements of contracts and project cashflows
- Identify aging Unbilled and AR positions to engage the project team in timely remedial actions
- Assist in providing guidance to Ops teams on the requirements for DoA approvals where business is operating at risk
- Monitor for potential breaches in DoA approval process
- Assist in preparation of DoA approval requests for month end process
- Help identify actions which may help derisk DoA positions whilst awaiting client contract Ts and Cs confirmation and contract change processes
- Meet month end deadlines to ensure timely reporting and posting of revenue events Unbilled and Loss provisions
- Ensure consistent application of accounting standards across all projects in portfolio and support Ops teams in understanding of documentation requirements to support revenue recognition principles and SOX compliance
- Special projects and other duties as assigned
Knowledge/Experience:
- Bachelors degree in Economics;
- 34 years experience as a project accountant/ financial analyst/ revenue recognition accountant;
- Demonstrable experience operating in a complex fast paced international business environment;
- Fluent in English (oral and written);
- Strong analytical & problemsolving skills essential;
- Ability to manage details but also understand the big picture;
- Excellent written and verbal communication skills;
- Flexibility to work on a late shift (3PM to 11PM);
- Identifies and executes initiatives and continuous improvements;
- Extensive operations interface and collaboration.
Employment Type
Full Time
Key Skills
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