Project Accountant

Alchemy Global Talent Solutions Ltd.; Braintree; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading company is seeking a Project Accountant in Braintree to oversee financial management of telecom projects. This role involves budgeting, forecasting, and ensuring accurate financial reporting during project lifecycles. The ideal candidate will possess strong analytical skills and project accounting knowledge, contributing significantly to project success.

Qualifications

• Understanding of project accounting principles and financial management.
• Experience in budgeting, forecasting, and cost control.
• Knowledge of revenue recognition standards.

Responsibilities

• Assist in managing the finances of telecom projects.
• Support preparation of project budgets and forecasts.
• Ensure timely project billing and accurate revenue recording.

Skills

Analytical skills

Attention to detail

Communication skills

Organisational skills

Understanding of project accounting principles

Tools

Microsoft Excel

Financial software tools

Job description

We are partnering with an established manufacturer currently recruiting for a Project Accountant base in Braintree, Essex.

The role involves supporting the Telecoms team through strong financial management of multiple projects.

Key Responsibilities

• Assist in managing the finances of telecoms projects, ensuring accurate accounting and timely reporting.
• Support preparation of project budgets, forecasts, and ongoing cost tracking.
• Monitor project expenditures versus budgets and report variances to the Operations team.
• Track project-related expenses to ensure alignment with budgets and contractual terms.
• Help analyse cost trends and provide insights on overruns, savings, or risks.
• Collaborate with project managers to ensure proper cost allocation throughout project lifecycles.
• Support calculation and recognition of project revenue per applicable accounting standards.
• Ensure timely project billing and correct revenue recording based on milestones and contracts.
• Maintain accurate project accounting records, including posting invoices, costs, and revenues.
• Assist with month-end and year-end closing activities such as reporting, reconciliations, and accruals.
• Help prepare project financial statements and internal reports for senior management.
• Prepare periodic project reports covering budget vs. actuals, profit and loss, cash flow projections, and key performance indicators.
• Support financial data preparation for internal and external audits related to telecom projects.
• Conduct regular audits to ensure data accuracy and reduce financial risk.
• Manage internal reporting to stakeholders including management, investors, and external bodies.
• Liaise with project managers, engineers, and external parties to provide financial insights and project status updates.
• Facilitate communication between finance and operations teams to align on project financial goals.
• Assist in resolving project-related financial queries from teams and suppliers.

Skills Required

• Solid understanding of project accounting principles and financial management.
• Experience in budgeting, forecasting, and cost control within project environments.
• Knowledge of revenue recognition standards and billing processes.
• Proficiency in maintaining accurate accounting records and supporting month-end/year-end closings.
• Strong analytical skills with the ability to interpret financial data and generate reports.
• Excellent organisational skills with strong attention to detail and accuracy.
• Effective communication and interpersonal skills to collaborate with cross-functional teams and stakeholders.
• Proficient in Microsoft Excel and financial software tools.
• Ability to manage multiple priorities and meet deadlines in a fast-paced environment.