Overview
The Project Accountant will ensure accurate and timely reporting of long-term projects and services — actual and forecast financial performance, from both project performance and Financial Accounting perspectives in accordance with IFRS15 and other applicable accounting standards. This includes robust challenge of costs to drive continuous cost improvement throughout the project life cycle.
They will implement Cost Management best practices and apply this consistently across all projects to proactively identify cost variances and risk areas and mitigations to project managers, to assist delivery of project & customer requirements in a cost-effective manner.
Responsibilities
* Preparation of detailed project baseline cost and revenue budget and regular EAC reforecasts in collaboration with the Project team; present the information to stakeholders as required.
* Perform Value of Work Done (VOWD) assessments through the project life, compare to planned progress, identify and mitigate slippage and escalate issues to management.
* Prepare and populate project-specific forecasting and cost tracker models; highlight performance improvements.
* Provide monthly project revenue and profit margin information including intercompany information for actuals, forecasts and annual budget process in accordance with IFRS15 accounting standards.
* Prepare and document accounting-based papers to support the accounting treatment for the project, covering appropriate accounting standards and updating as required.
* Conduct cost variance analysis and sensitivity analysis; identify opportunities, risks and mitigations where available to the Project Manager.
* Ensure costs are correctly allocated to cost accounts/work orders; review correct coding of requisitions, purchase orders, contracts, invoices, variations; reconcile costs to the General Ledger and investigate variances.
* Facilitate and participate in lessons-learned sessions on project delivery and feedback to responsible functions to improve future project delivery.
* Manage multi-currency project reporting and FX exposure.
* Manage intercompany recharges, cost allocations, and project-related billing.
What We’re Looking For
You will have a strong focus on uplifting the quality and standard of output of the finance team along with driving deeper financial insight with active business partnering. You will be delivery-focused, objective-oriented with a detailed mindset. An effective problem solver with excellent people management skills. Able to collaborate effectively with team members, senior management, executives and third parties such as Auditors. You should be able to convey complex financial information clearly and have excellent analytical review skills to prioritise tasks and manage time.
Key Skills, Knowledge And Experience
* ICAS/ACCA/CIMA qualification.
* Proven track record in a similar role (e.g. Project Management Accountant, Cost controller, etc.) and industry (e.g. Oil & Gas, engineering or manufacturing).
* Proficient user of Microsoft Excel.
* Experience of ERP systems (e.g. Glovia, SAP, Oracle, etc.).
* Experience working with multi-currency projects.
* Understanding of intercompany accounting and multi-entity structures.
Diversity & About Us
James Fisher is committed to diversity and equal opportunity. We are proud to be a Disability Confident employer and recognise that our success depends on our talented and diverse workforce.
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