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Opportunity

  • Location

    York

  • Job title:

    Senior Project Accountant

  • Sector:

    Rail

  • Job type:

    Contract

  • Contact email:

    rhiannonf@mpi.ltd.uk

  • Job ref:

    C3VHVN

  • Duration:

    ongoing

  • Startdate:

    04/07/2021

  • Client:

    Siemens

Job Title: Senior Project Accountant/Assistant

Organisation: Rail Infrastructure

Location: Regional Office, York

Contract Duration: 04/07/2021 - TBC 

*Outside of IR35*

What are my responsibilities?

Financial Management of major Alliance projects within the Project Delivery Organisation. Reporting to the Finance Project Lead within EL you will be responsible for:

Project Mobilisation -

  • Undertake a handover from the Tendering and Estimating team of the financial elements of a successful bid, creating the baseline budget, Project Delivery Report (PDR) and Contract Forecast Report (CFR) and full set up in the SAP system.

Project Forecasting and Reporting -

  • Report project actual and forecast spend to support Work Package Managers (WPM) and the Project Manager (PM) in the financial control and forecasting of their budgets.

  • Analyse new project forecasts, developing a view on robustness, timing, risk and opportunity. Review and, if necessary, challenge with both WPM and PM before finalising.

  • Ensuring all change is properly incorporated in cost and value, completing tender templates to determine budgeted cost.

  • Maintain for each project the P&L, balance sheet, order book and cashflow on behalf of the PM

  • Working with other parts of the project team as necessary g. Commercial function, prepare project reporting to the client where required

  • If dealing with cost reimbursable contracts, ensure all project audit requirements are dealt with in a timely and professional manner.

  • Supporting / advising other Project Accountants within the team regarding process and financial governance

Functional Reporting and Forecasting -

  • Ensure all project reports and forecasts are submitted to Central Finance on time, accurate, and are understood and approved, where necessary, by the Project and Regional Management teams.

  • Provide meaningful supporting commentary where required or necessary

  • Act as the independent conscience of the project ensuring the integrity of the financial status and forecast, escalating issues or concerns where necessary.

  • Deputising for Finance Manager on occasion to provide consolidated view on portfolio finance performance

Month End -

  • Calculate and review, where necessary, project accruals related to internal and agency staff, materials and major subcontractors.

  • Verify periodic costs to ensure month end position accurately reflects the financial position of the project.

  • Ensure the correct trading margin % and verify the traded position

  • Provide commentary on traded position and financial status/movement where necessary

  • Support EL Finance Project Lead in validating month end performance for portfolio as a whole, including projects supported by other Project Accountants within the team.

Accounts Receivable -

  • Manage or support the setup, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger.

  • Actively monitor the payment cycle ensuring any required actions are taken to maximize the cash position, chasing payments with customer where necessary

  • On Target Cost/Cost reimbursable contracts, ensure timely and accurate provision of all supporting information to enable issuing, approval and payment of all actual costs claimed.

Other Responsibilities -

  • Potential requirement to manage other Finance members within the team and providing guidance to other Project Accountants in the team

  • Maintenance of responsible projects within the finance Systems.

  • Compliance with all Group accounting policies, but in particular with the long term contract accounting policy.

Measures for success

  • Senior Project Accountant seen as a key partner and team player by Project Manager, Commercial Manager and Finance Team.

  • All budgets and forecasts, together with key risks, issues and opportunities, are owned, approved and understood by all appropriate parties

  • All submissions are accurate, robust and on time

What do I need to qualify for this job?

Essential

  • Fully Qualified Accountant/Exam Finalists (CIMA/ACCA)

  • Minimum 3-5 years accountancy experience

  • Strong Mathematically

  • Advanced Excel skills

  • Strong communicator with the ability to challenge and influence others

  • Desire and ability to work closely and develop productive relationships with both Finance staff other project functions

  • The ability to analyse and use data to add value to a process or activity

  • Be prepared to travel if required, occasional travel to project sites

Desirable

  • Relevant Contract accounting experience 

  • Recent Management experience

  • A high level understanding or core contract terms and conditions which have a financial aspect