Project Accountant and Cost control

Description This; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading finance firm in the Greater London area is seeking a detail-oriented Project Accountant to oversee financial aspects of projects. The ideal candidate will manage budgets, ensure compliance, and provide financial insights for cost optimization. Required qualifications include a Bachelor's degree in Accounting, at least 5 years of project accounting experience, and proficiency in accounting software like SAP or Oracle. The role offers a dynamic work environment and competitive compensation.

Qualifications

• Minimum 5 years of experience in project accounting.
• Strong understanding of cost optimization techniques and best practices.
• Ability to manage multiple priorities and work collaboratively across teams.

Responsibilities

• Manage and maintain accurate budgets and cost tracking for projects.
• Prepare monthly project financial reports, including variance analysis against budgets.
• Monitor project expenditures, ensuring compliance with company policies and budgets.

Skills

Cost optimization techniques

Analytical skills

Negotiation skills

Communication skills

Collaboration across teams

Education

Bachelor's degree in Accounting, Finance, or Business Administration

Professional accounting certification (CPA, ACCA, CMA)

Tools

SAP

Oracle

QuickBooks

MS Office Suite (Excel)

Job description

Position Summary

We are seeking a detail-oriented and proactive Project Accountant with strong expertise in cost optimization and procurement to join our finance team. The ideal candidate will oversee financial aspects of projects, ensuring efficient budget management, project cost tracking and variance analysis, vendor cost control.

Key Responsibilities

Project Accounting

• Manage and maintain accurate budgets and cost tracking for Projects.
• Prepare monthly project financial reports, including variance analysis against budgets. Coordinate with project managers, business and finance teams.
• Monitor project expenditures, ensuring compliance with company policies and project budgets.
• Lead the Project Budget and forecasts across entities.
• Prepare Project Dashboards Proactively. Provide financial insights and recommendations to improve project efficiency and cost savings on projects.
• Work on Project Module in Unit 4, test and help in rollout.
• Proactive in setting up new processes.
• Support audits and internal controls related to project accounting.

Cost Optimization

• Set up reporting and analysis as required and suggest improvements and cost control.
• Assist in approvals by checking budgets , liaise with FP&A team.
• Vendor costs analysis. Implement cost control measures.

Qualifications

• Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
• Professional accounting certification (CPA, ACCA, CMA) preferred.
• Minimum 5 years of experience in project accounting.
• Strong understanding of cost optimization techniques and best practices.
• Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and MS Office suite, especially Excel.
• Excellent analytical, negotiation, and communication skills.
• Ability to manage multiple priorities and work collaboratively across teams.

Competencies

• Detail-oriented with strong numerical accuracy.
• Integrity and confidentiality in handling financial data.
• Strategic thinking and problem-solving.
• Time management and ability to handle multiple projects simultaneously.
• Work collaboratively with all stakeholders to achieve goals.
• Influencing skills.