Project Accountant - VR/31217

Thorpe Molloy McCulloch Recruitment Ltd; Portlethen; On-site; GBP 35,000 - 55,000; Full time

Job summary

A leading international energy services company is looking for a Project Accountant to manage financial reporting and project costs. You will ensure compliance with accounting policies and collaborate closely with Project Managers. This role demands a qualified accountant or someone working towards a professional qualification, with a strong focus on management accounting and financial analyses.

Qualifications

• Qualified Accountant or working towards qualification.
• Degree level education in relevant subject area.
• Proven experience in a similar accounting role.

Responsibilities

• Provide high-quality financial reports for decision-making.
• Prepare and submit forecasts and management accounts.
• Collaborate with Project Managers on financial issues.

Skills

Financial reporting

Management accounting

Analytical skills

Collaboration

Microsoft Excel

Education

Degree in Accountancy

Professional Accountancy qualification

Job description

Project Accountant opportunity with international energy services company, offering 9-day fortnight. Reporting to the Financial Controller, you’ll be responsible primarily for management accounting for assigned entities.

Main duties and responsibilities:

• Ensuring the provision of high quality financial and management information and reports that allow for improved decision-making and performance tracking, and which comply with local, group and statutory reporting needs and accounting policies.
• Preparing and submitting forecasts, management accounts and narrative for assigned business entities, for review by the Financial Controller, to tight deadlines.
• Preparing and submitting of the quarterly forecast and annual budget submission.
• Managing financial tracking and reporting for assigned projects, ensuring accuracy and alignment with budget and contract terms.
• Monitoring project costs, revenue recognition, and margin performance in accordance with accounting standards (e.g. IFRS 15).
• Preparing and reviewing monthly project forecasts, including cost-to-complete and variance analysis.
• Collaborating with Project Managers to ensure timely billing, cash collection, and resolution of financial issues.
• Maintaining accurate records of project-related financial transactions, including forecast cost, actual cost, estimate to complete and contract assets and liabilities.
• Supporting internal and external audits by providing relevant project financial documentation and analysis.
• Responsible for the integrity of the entities’ nominal ledger.
• Cash management, reporting and forecasting for entities assigned.
• Assisting in completion of corporation tax packs which are submitted to the Group Tax Department.
• Completing quarterly/bi-monthly VAT return.
• Enhancing management information to reflect changing needs of management and to drive the business forward.
• Reconciling and reporting intercompany balances.
• Reconciling fixed assets including the preparation of capital sanctions for Senior Management.
• Preparing statutory accounts.
• Assisting in improving, developing and monitoring controls.
• Producing and/or analysing detailed product costing and margin analysis within entities.
• Calculation and setting of cost rates, labour analysis.
• Analysing, monitoring and controlling of R&D spend (when applicable).
• Continual improvement of current accounting system to support the finance function.
• Providing cover and supporting the department as and when needed, e.g. assisting with the completion month end duties for team members.
• Analysing and reporting on trend, variances and performance issues.
• Reporting information to both local management and PLC group as required.

Applicants to this role require:

• Qualified Accountant or willingness to work towards a Professional Accountancy qualification.
• Educated to degree level in relevant subject area (e.g. Accountancy).
• Demonstrating continuing professional development relevant to the accounting qualification and the role.
• Proven post qualifying experience and demonstrable experience in a similar role.
• Experience of working in a similar role (preferred) or other relevant working experience.
• Excellent working knowledge of Microsoft Office applications, in particular Excel.

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