Project Costing Accountant - 6 months

Holden Jones Ltd; Greater London; On-site; GBP 35,000 - 55,000; Full time

Job summary

An exciting opportunity has arisen within a dynamic group of businesses for a financial professional focused on project costing and revenue management. This role, initially a 6-month contract, offers the potential for permanent placement. You will work closely with operational teams to ensure accurate financial reporting and resolve invoicing issues. Your expertise in gross profit analysis and reconciliation will be crucial in maintaining the integrity of financial data. Join a collaborative environment where your contributions will directly influence project success and financial accuracy, making a significant impact on the organization’s growth and efficiency.

Qualifications

• Experience in project costing and revenue management is essential.
• Knowledge of construction industry applications and retentions preferred.

Responsibilities

• Perform gross profit analysis and ensure accurate cost postings.
• Prepare monthly adjustments and reconcile supplier statements.
• Develop reports comparing current performance to budgets.

Skills

Gross Profit Analysis

Reconciliation Skills

Collaborative Style

Flexibility

Education

Degree in Finance or Accounting

Tools

Accounting Software

Inventory Management Systems

Job description

A new role has been created for a growing group of businesses which takes controls of the project costing and revenue aspects of projects. It is a 6-month contract but has a real possibility of converting to permanent thereafter. Reporting to the Financial Controller, you will have considerable interaction with service & operational teams to resolve issues and invoicing and revenue through to payment and identify causes to prevent future delays.

Responsibilities:

• Gross Profit analysis and reconciliation
• Preparing project by project gross profit analysis ensuring sales and costs are matched correctly
• Working with service & ops teams to ensure costs are accurately posted to each job
• Ensuring both those project jobs and stock values are correctly stated
• Monthly review of Inventory report to determine accurate numbers being reported in our monthly management accounts
• Reviewing and preparing monthly adjustments to the WIP and Accrued Revenue after project reviews
• Ensuring all costs are booked in the correct period & preparing accrual journals as needed
• Reconciling supplier statements
• Ensuring sub-contractor costs are correctly booked to the correct job and at month-end accruing work not billed yet by them
• Full review of all costs to Gross Profit monthly ensuring any costs outside of projects are correctly accounted in the period
• Develop & prepare reports showing comparisons to prior month/budget and commentary for significant variances

An understanding of applications/CIS/Retention are a distinct advantage as well as an understanding of inventory valuation and project type costing analysis. Knowledge of applications / retentions within the construction or related industry is preferred. You should have a collaborative style to ensure non-financial team work to any changes and performed to deadlines as needed. Flexibility is required as the role will involve both transactional accounting along with good reporting and reconciliation skills.