We're currently looking for a Project Accountant to join our client within the public sector on a 3 month initial contract based in SW London paying £400pd OUTSIDE IR35. Accountabilities: 1. Project Accounting
• Support Project Managers in the preparation and critical review of project budgets and business cases. Ensure the financial aspects of the project meet Kew policies and funder requirements. Ensure recovery of costs, overhead and staff cost is maximised and captured within all project budgets.
• Regularly report actual expenditure against budget for a portfolio of projects, ensuring all costs are accurately and appropriately captured (including cost recovery and overheads). Support Project Managers in ensuring income due for projects is drawn down, claimed or invoiced on a timely basis.
• Regularly report to Project Managers, Fundraising colleagues and external funders. Ensure information is timely and understood and fully reconciles to the underlying accounting records.
• Ensure project financial information is accurate and complete, to feed into monthly performance reporting undertaken by Head of Financial Planning and Performance, to include an understanding of business performance and variance analysis, significant updates to forecasts, and identification of risks and opportunities within projects.
• Regularly reforecast projects over the life of the project ensuring under-/over-spends are discussed with Project Managers and appropriate action agreed, and changes in delivery schedules are built into forecasts. Provide relevant project narratives in relation to expenditure and financial risks with ongoing risk analysis.
• Provide accounts at the end of the project on a timely basis, agree these with the project manager and ensure projects are closed down
• Ensure all project income and expenditure is in line with Kew policies and any agreed funder requirements. Undertake accounting entries required, including allocation of staff time and overheads, capitalisation of assets, and foreign exchange adjustments 70% 2. Management accounting
• Support business teams to analyse and review business performance in both financial and non-financial measures and to provide reporting on all aspects of business performance to feed into monthly performance reporting to Head of Financial Performance and Planning, Head of Finance and the Executive Board, including variance analysis, rolling forecasts, risks and opportunities.
• Provide monthly reporting of department costs and income to Directors and Heads of Departments.
• Support teams to prepare annual budgets including department costs and pay
• Collect and analyse non-financial data for inclusion in dashboard reporting 10% 4. Fund accounting
• Support Head of Project & Fund Accounting in reporting Kew's financial position in relation to restricted income and fund balances
• Liaise with Foundation fundraising team to establish current and future funding positions for projects within portfolio 10% 5. Processes and System
• Contribute to provision of expertise in project and fund accounting, including the development of financial processes and controls. Identify and implement best practice where appropriate, standardising and simplifying processes
• Assist with the development and maintenance of an overhead and cost recovery model including costs of using facilities, senior management time
• Provide Agresso system support for Project Managers to ensure they have access to timely and accurate information, including training and coaching
• Support internal and external audit processes in relation to projects and ensure audit requirements are monitored throughout the project. Ensure all appropriate project and grant funding documents are retained
• Support the Financial Accounting team with the month end and year end processes including accruals, prepayments and deferred project income, detailed analysis and reconciliations. Preparation of relevant year-end audit documentation.10% Get in touch now for immedaite consideration