Main function of job The Project Accountant is responsible for reporting project financial performance. This includes; presenting project financial performance to management, maintaining the accuracy/integrity of data in all reports/systems (control), supporting the Project teams with accurate and timely information, and supporting the Treasury function with accurate cash flow forecast information for significant Projects (>EUR 5M). In addition to these functions' employees are required to carry out such other duties as may reasonably be required. Main duties (in order of priority)
• Presentation and interpretation of project financial reports for management review.
• Investigation of variances between actual and previous forecast/budgeted costs.
• Control and challenge procurement/subcontract costs.
• Contract Knowledge - to understand specifics of Contract such as invoicing (Milestones, progress), Options, Contract variations
• Liaising on a day to day basis with the Project teams, ensuring all reports reflect the operational and financial status of the project.
• Ensuring invoicing procedure adhered to in a timely manner, with all supporting calculations and documentation provided to the Client as required.
• To ensure the Project Plans are understood, including analysing of project float and schedule risk.
• Workload - to provide Project Management and Engineering workload reporting on a monthly basis, aligned to deadlines.
• To support Treasury function with accurate/timely cashflow forecast information by project, to support Group reporting requirements.
• To support Accounts Receivable in addressing overdue invoices - liaising with Client/PM to resolve.
• To understand the Currency/Hedging requirements of the project, and liaise with Treasury when necessary to amend. To analyse and estimate any foreign exchange (primarily translation) effects on project and report/account for accordingly.
• To liaise with the Finance function to provide information to support journal entries, to capture late costs, provisions and revenue recognition.
• To ensure all project reporting (incl Project Dashboard) is kept up to date.
• To ensure projects are Closed in a timely manner. Qualifications /Experience required
• AAT Qualified (preferable but not mandatory)
• 3-5 years previous experience in a similar role. The employer offers a competitive salary, 25 Days Annual Leave with an option to buy up to 5 additional days and other fantastic benefits. Should you welcome finding out more about the role, please contact the consultant managing the role, James Lord. Keywords: Cost Engineer | Cost Controller | Project Engineer | Project Cost Engineer | Cost Accountant| Project Cost Accountant | Project Cost Controller | Finance Analyst | Newcastle This job was originally posted as www.totaljobs.com/job/84863160