Project Accountant

BAE Systems; City of Edinburgh; Hybrid; GBP 42,000 - 45,000; Full time

Job summary

BAE Systems is seeking a Project Accountant to manage all aspects of Project Accounting for various programs in Fife. The ideal candidate will handle reporting, budgeting, and cross-functional collaboration to enhance program performance. With flexible working options and a focus on inclusivity, this role offers an opportunity to significantly impact within a leading company.

Benefits

Competitive pension scheme

Enhanced annual leave

Company contributed Share Incentive Plan

Flexible working

Employee assistance programme

Cycle2work

Employee discounts

Eligibility for annual incentive

Qualifications

• Minimum bachelor’s degree in Accounting, Finance, or related field.
• Part qualified (CIMA/ACCA/ACA), ideally qualifying within 18 months.
• Experience in project accounting within a similar industry.

Responsibilities

• Manage all aspects of Project Accounting including financial reporting and variance analysis.
• Set annual budgets and assist with maintenance of program Contract Status Reports.
• Support compliance with Financial Control Frameworks.

Skills

Project Accounting

Financial Reporting

Budgeting

Forecasting

Variance Analysis

Advanced Excel

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

SAP

Finance forecasting tool (BPC)

Job description

Job title:Project Accountant

Location:Fife – Hillend – We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role

Salary:£42,000-£45,000 (dependent on skills and experience)

What you’ll be doing:

• Manage all aspects of Project Accounting for numerous programs, including financial reporting, budgeting, forecasting, and variance analysis
• Complete system entries in SAP and Finance forecasting tool (BPC) to reflect accurate program performance in management and statutory reporting
• Work closely with other functions to ensure program costs, risks, and Estimate to Complete data are accurately reflected in reporting
• Set annual budgets and work with the Program Management team to monitor performance
• Assist with the preparation and maintenance of the program Contract Status Reports, including relevant comments to aid management’s understanding of movements and variances to budget
• Support the capture of accurate Program Risks & Opportunities for consolidation at the business level
• Support accurate and timely invoicing on relevant programs
• Support business improvement activities within the function and throughout the wider business
• Support compliance with Financial Control Frameworks

Your skills and experiences:

• Minimum of a bachelor’s degree in Accounting, Finance, or related field
• Part qualified (CIMA/ACCA/ACA), ideally looking to qualify in the next 18 months
• Experience in project accounting within a similar industry
• Advanced Excel skills required, experience of using SAP would be desirable

Benefits:

You’ll receive benefits including a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. You’ll also have access to additional benefits such as flexible working, an employee assistance programme, Cycle2work and employee discounts – you may also be eligible for an annual incentive.

Manufacturing and Small Boats team:

As a Project Accountant you will be reporting to the Project Accounting Manager for Manufacturing and Small Boats at the Hillend site. You will be responsible for managing all aspects of Project Accounting for numerous programmes, and working cross-functionally with other teams to ensure accurate reporting

As a key member of our team, you will have the opportunity to contribute to our vision of creating a dynamic and innovative workplace. Your main responsibilities will include completing system entries in SAP and Finance forecast tool (BPC), setting annual budgets, monitoring performance, preparing and maintaining programme Contract Status Reports, and supporting accurate and timely invoicing on relevant programmes. You will also support the capture of accurate Programme Risks & Opportunities for consolidation at the business level, business improvement activities within the function and throughout the wider business, and compliance with Financial Control Frameworks

Why BAE Systems?

This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity of thought, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome people from all backgrounds and want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder etc.) that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation. All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

Closing Date:17th June 2025

We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

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