Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Manage project accounting from start to finish, ensuring accuracy and compliance.
- Company: Join a world-renowned architectural design consultancy with a global impact.
- Benefits: Enjoy competitive pay, flexible working options, and a vibrant company culture.
- Why this job: Be part of a dynamic team that values innovation and professional growth.
- Qualifications: 5+ years in project accounting; ERP experience is essential.
- Other info: This is a newly created role, offering a chance to shape the future.
The predicted salary is between 48000 - 72000 £ per year.
Cobalt Recruitment are excited to be supporting a world-renowned and award-winning architectural design consultancy with a global presence to secure a Senior Project Accountant for their London office. The role is newly created and will play a leading part in the revenue accounting, WIP reporting and budget management of the business.
Key Responsibilities:
- Review project WIP, revenue, backlog, budget variances, and profitability, and ensures all billable expenses are billed; tracks latest comments on project and WIP status.
- Lead project health reviews with PMs and SLs.
- Review weekly Net Service Revenue (NSR) reports to ensure revenue is captured by the correct projects/phases and makes revenue adjustments and/or transfer efforts.
- Perform quarterly internal spot audits of select projects, reviews project setup for accuracy, analyzes project costs in relation to contract budgets and contract terms.
- Provide end-to-end project accounting management from project creation to close-out contracts.
- Review project contracts for financial details to ensure compliance with the project.
- Set up projects in the accounting system, liaising with Project Managers (PM) and Senior Leaders (SL) regarding budgets (fee flows); phase set up to assist with project monitoring for the life of the project.
- Maintain contract paperwork and files, invoices, aging A/R, change orders, vendor and sub-contractor documents, and other specified logs for project tracking.
- Prepare client fees, expenses, consultant invoices, account statements, reports, and other records.
- Post cash receipts and sends notifications to relevant parties, logging and reporting details daily.
- Responsible for billing and cash flow projections.
- Lead and coordinate collection efforts with PMs and SLs; initiates stop-work procedures and third-party collections efforts to minimize company exposure.
- Prepare and send weekly collections reports to Managing Director, Project Managers, and Senior Leaders.
- Perform Accounts Payable (AP) duties, including coding and posting vouchers, coordinating reviews and approvals, researching vendor payment inquiries, and updating tracking file for Pay-When-Paid (PWP) consultants.
- Pull vouchers for weekly PWPs and updates PWP tracking.
- Notify PWP consultants of their invoice payments.
- Bi-monthly, update PWP status report on SharePoint after payments have been paid and posted in the accounting system.
- Reconcile month-end PWP tracking versus PWP disbursed files.
- Review phases in Power-Bi to make sure backlog is available for phases being coded to prior posting vouchers in the accounting system.
- Enter ICs timecards when treated as labour.
Ad-Hoc Tasks:
- Implement and execute proper controls to proactively support, monitor and communicate budget, actual status, and labor hours, consultants, and expenses for projects; develops and issues timely reports.
- Identify opportunities and areas for improvement, offers suggestions, and implements procedures, processes or tools to improve efficiency and productivity.
- Perform additional accounting responsibilities and supports special projects and ad-hoc analyses.
Required Experience:
- Minimum of 5 years in a mid-sized professional services organization with project (revenue) accounting duties.
- Proficient in Microsoft Office, accounting software, order processing, databases.
- Experience with using ERP systems is a must.
- Proficient in general ledger, accounts receivable, and accounts payable.
- Excellent written and verbal communication skills.
- Strong interpersonal skills and diplomacy.
- Must handle confidential information in a highly sensitive manner.
Contact Detail:
Cobalt Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Project Accountant
✨Tip Number 1
Network with professionals in the architecture and design industry. Attend relevant events, webinars, or workshops where you can meet potential colleagues or employers. Building relationships can often lead to job opportunities that aren't advertised.
✨Tip Number 2
Familiarise yourself with the specific accounting software and ERP systems commonly used in architectural firms. Highlighting your proficiency in these tools during interviews can set you apart from other candidates.
✨Tip Number 3
Prepare to discuss your experience with project accounting in detail. Be ready to provide examples of how you've managed budgets, tracked WIP, and ensured compliance with financial details in contracts, as these are key responsibilities for the role.
✨Tip Number 4
Research the company’s recent projects and achievements. Being knowledgeable about their work will not only help you tailor your conversation but also demonstrate your genuine interest in the role and the organisation.
We think you need these skills to ace Senior Project Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in project accounting, particularly in a professional services environment. Emphasise your proficiency with ERP systems and any specific software mentioned in the job description.
Craft a Compelling Cover Letter: Write a cover letter that directly addresses the key responsibilities outlined in the job description. Use specific examples from your past experience to demonstrate how you meet these requirements, especially in areas like revenue accounting and budget management.
Highlight Relevant Skills: In your application, clearly outline your skills in financial analysis, reporting, and project management. Mention your ability to handle confidential information sensitively, as this is crucial for the role.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is essential for a Senior Project Accountant.
How to prepare for a job interview at Cobalt Recruitment
✨Know Your Numbers
As a Senior Project Accountant, you'll be dealing with financial data daily. Brush up on your knowledge of revenue accounting, WIP reporting, and budget management. Be prepared to discuss specific examples from your past experience where you successfully managed project finances.
✨Familiarise Yourself with ERP Systems
Since experience with ERP systems is a must for this role, make sure you can talk confidently about the systems you've used in the past. Highlight any specific projects where you implemented or improved processes using these tools.
✨Demonstrate Strong Communication Skills
This role requires excellent written and verbal communication skills. Prepare to showcase how you've effectively communicated complex financial information to non-financial stakeholders in previous roles. Consider bringing examples of reports or presentations you've created.
✨Showcase Your Problem-Solving Abilities
The job involves identifying opportunities for improvement and implementing new procedures. Think of instances where you've successfully identified issues in project accounting and how you resolved them. Be ready to discuss your thought process and the outcomes.
