Project Accountant for Engineering Projects

Breath HR; Witney; Hybrid; GBP 38,000 - 52,000; Full time

Job summary

MGI Engineering Ltd in Witney, Oxfordshire, is seeking a Project Accountant to join our small finance team. You will manage financial control, budgeting, forecasting, and reporting across a portfolio of projects in aerospace and defence.

Reporting to the CFO, you will collaborate with operations to ensure accurate cost tracking, revenue recognition, and audit-ready records, supporting informed decision making in a fast-paced R&D environment.

Qualifications

• AAT Level 3 qualification (minimum requirement).
• Experience in project accounting or similar analytical finance role.
• Strong Excel skills with pivot tables and lookups.
• Excellent communication with project managers and non-finance colleagues.
• Detail‑oriented with strong analytical capability.
• Ability to work independently and in a small finance team.

Responsibilities

• Maintain project budgets, forecasts, and cost tracking throughout the project lifecycle.
• Support project managers in reviewing financial performance, identifying risks, and implementing corrective actions.
• Monitor project expenditure, ensuring correct allocation of labour, materials, subcontractors, and overheads.
• Prepare regular project financial reports including cost-to-complete, margin analysis, and variance commentary.
• Manage project billing cycles, ensuring timely and accurate invoicing in line with contract terms.
• Oversee revenue recognition and WIP analysis in accordance with company policies and accounting standards.
• Prepare project-related month-end journals, including accruals, prepayments, and adjustments.
• Reconcile project accounts and ensure accurate ledger postings.
• Support preparation of management accounts and financial reporting packs.
• Maintain audit-ready financial records for all projects.
• Support internal and external audit processes as required.
• Ensure compliance with financial controls, policies and customer/contract requirements.
• Contribute to continuous improvement across project accounting and reporting.
• Support developing standardised project financial processes and documentation.

Skills

Project accounting

Cost accounting

Analytical finance

Advanced Excel

Communication skills

Teamwork

Education

AAT Level 3

Tools

QuickBooks

Job description

MGI Engineering Ltd in Witney, Oxfordshire, is seeking a Project Accountant to join our small finance team. You will manage financial control, budgeting, forecasting, and reporting across a portfolio of projects in aerospace and defence.

Reporting to the CFO, you will collaborate with operations to ensure accurate cost tracking, revenue recognition, and audit-ready records, supporting informed decision making in a fast-paced R&D environment.