Project Accountant

TN United Kingdom; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

Join a leading design firm as a Project Accountant, where your expertise in project accounting, accounts receivable, and payable will contribute to innovative hospitality projects. This role offers a unique opportunity to work within a collaborative environment, ensuring financial compliance and supporting project success. With a commitment to sustainability and community, this dynamic firm values your contributions and provides a platform for professional growth. If you're passionate about accounting and eager to make an impact in a creative industry, this position is perfect for you.

Qualifications

• 3+ years of experience in project accounting within a professional services organization.
• Proficient in Microsoft Office, especially Excel and accounting software.

Responsibilities

• Assist with project accounting, client billings, and collections.
• Review project contracts and maintain financial compliance.

Skills

Accounts Receivable

Accounts Payable

Project Accounting

Microsoft Office

Interpersonal Skills

Education

Bachelor’s degree in Accounting

Bachelor’s degree in Finance

Tools

Accounting Software

Power-Bi

Job description

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WATGis the world’s preeminent destination and hospitality design firm. We are employee-owned, 77 years young and home to nearly 400 creative, globe-trotting professionals located remotely and in our offices in California, New York, Honolulu, London, Singapore, and Shanghai.

Our approach to design applies a hospitality ethos to the development of all shapes and sizes. From initial feasibility studies to the finishing touches, we operate as an integrated, multidisciplinary practice globally. Along with our interior design studio,Wimberly Interiors, we specialize in hospitality, gaming + entertainment, urban + mixed-use, and high-end residential design.

Independent to this day, we passionately believe that culture and heritage are the roots that lead to long-term resilience for all businesses. We were founded in Honolulu in 1945 and the spirit of the islands taught us to focus on community strength, self-reliance, and sustainability – which we still prioritize today. We stay true to our values of designing spaces that respect, protect, and enhance the natural magic of their surroundings while delivering long-term value for our clients and their communities.

WATG is hiring a Project Accountant for our office in London.

ROLE

The Project Accountant assists with project accounting, project setup and maintenance, client billings, collections, accounts payable, and management reports in accordance with WATG’s policies and procedures, in compliance with applicable laws. The Project Accountant reports to the Project Accounting Manager.

RESPONSIBILITIES

Contracts

• Reviews project contracts for financial details to ensure compliance with BD and live project shells
• Maintains contract paperwork and files, invoices, aging A/R, change orders, vendor and subcontractor documents/COI and other specified logs for project tracking

Accounts Receivables

• Posts cash receipts and journal entries for projects with WHT, and updates billing and collection (B&C) allocation files daily
• Monitors B&C files to make sure posted cash receipts (gross amounts) tie to the ERP system daily
• Researches unidentified wires and checks received to ensure they are posted correctly
• Gathers and consolidates expense backups per the details on the reimbursable expense invoices
• Prepares weekly collection reports
• Prepares Statement of Accounts

Accounts Payables

• Performs Accounts Payable (AP) duties, including coding and posting vouchers, coordinating reviews and approvals, researching vendor payment inquiries, and updating tracking file for Pay-When-Paid (PWP) consultants
• Pulls vouchers for weekly PWPs and updates PWP tracking logs
• Notifies PWP consultants of their invoice payments
• Bi-monthly, updates PWP status report on SharePoint after payments have been paid and posted in the accounting system
• Reconciles month-end PWP tracking versus PWP disbursed files
• Reviews phases in Power-Bi to make sure backlog is available for phases being coded to prior posting vouchers in the accounting system
• Enters Independent Consultant (IC) invoices and maintains logs to identify how to post ICs as labor or expense by project
• Enters ICs timecards when treated as labor
• Loads payments in the HSBC portal for vendors and consultants

Project Setup and Project Health

• Sets up BD projects and phases and live project shells in the accounting system, liaising with Project Accountants to ensure projects are set up properly
• Prepares weekly Net Service Revenue (NSR) reports, copies, and updates comments provided by PMs and Project Architects (PA)
• Assists PAs with project close-outs
• Identifies opportunities and areas for improvement, offers suggestions, and implements procedures, processes, or tools that improve efficiency and productivity
• Performs additional accounting responsibilities and supports special projects and ad-hoc analyses, as needed
• May assist other PAs globally

QUALIFICATIONS

• Bachelor’s degree in accounting, finance, or related field
• 3+ years of experience in a mid-sized professional services organization with project (revenue) accounting duties
• Experienced in accounts receivable and accounts payable procedures
• Proficient in Microsoft Office, including Word and Excel, Outlook, accounting software, order processing, databases
• Able to multi-task daily tasks in a highly organized manner
• Works effectively in a team environment, showing strong interpersonal skills

*Please include a copy of your resume to be considered for this position.