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- Tasks: Manage monthly accounts, budgets, and forecasts for major projects.
- Company: Join a dynamic team in Chatham, Kent, with a focus on financial excellence.
- Benefits: Enjoy hybrid working options and competitive salary of £55k.
- Other info: Immediate consideration for applicants; submit your CV to get started!
- Why this job: Be part of impactful projects while developing your financial skills in a supportive environment.
- Qualifications: Professional qualification and experience in construction or defence accounting required.
The predicted salary is between 39600 - 66000 £ per year.
Project Accountant - £55k, permanent position. Location: Chatham, Kent, Hybrid working.
Responsibilities:
- Reporting of the contract monthly accounts, budgets, forecasts and strategic plans.
- Identifying and targeting opportunities to improve the cash performance, financial performance and service delivery of the contract across its remaining term.
- Responsibility for the preparation of key financial data in support of customer and stakeholder management.
- Ownership of individual EACs for the major Projects, ensuring revenue recognition is in accordance with IFRS15 on a percentage of completion basis and that CTC and risk is reviewed and updated monthly.
- Financial modelling, validation and update across various models, including tracking and reporting performance, challenging operational assumptions and identifying leading indicators/actions to be addressed.
- Ensuring billing is accurate and timely.
- Support to pricing activity and the associated governance process.
- Own the production of timely and technically accurate contract accounts, EACs, budgets, forecasts and strategic plans including variance analysis for Projects and Small Works.
- Maintain a close working relationship with Operations, particularly Head of Programmes, the Senior Project Managers and the Small Works Manager.
- Own the production of monthly management accounts including site commentaries.
- Reconcile operational data to that reflected in the accounts and on other ancillary source data systems.
- Prepare customer facing balance sheet control account reconciliations and rectification actions required to resolve queries or issues.
- Prepare contract specific journals.
- Assist in the preparation of monthly contract review presentations identifying future opportunities and risks.
Required experience:
- Recognised professional qualification, significant PQE.
- Experience in Construction Industry or Defence Industry with Long Term Contract Accounting.
- Knowledge of IFRS15 desirable.
- Strong financial modelling skills utilising Excel.
If you are interested in the role, please 'APPLY' and submit your CV for immediate consideration.
Contact Detail:
Atlas Recruitment Group Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Accountant
✨Tip Number 1
Familiarise yourself with IFRS15, as it's a key requirement for this role. Understanding how revenue recognition works on a percentage of completion basis will give you an edge in discussions during the interview.
✨Tip Number 2
Brush up on your financial modelling skills, especially in Excel. Being able to demonstrate your ability to create and validate financial models will show that you're capable of handling the responsibilities outlined in the job description.
✨Tip Number 3
Research the construction and defence industries, focusing on long-term contract accounting. Having specific examples or insights about these sectors can help you stand out as a knowledgeable candidate.
✨Tip Number 4
Prepare to discuss your experience in managing relationships with operations teams. Highlighting your ability to collaborate effectively with project managers and other stakeholders will be crucial for this role.
We think you need these skills to ace Accountant
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in accounting, particularly in the construction or defence industries. Emphasise your professional qualifications and any specific skills related to IFRS15 and financial modelling.
Craft a Strong Cover Letter: Write a cover letter that addresses the key responsibilities mentioned in the job description. Explain how your previous experiences align with the role, particularly in areas like contract accounts, budgeting, and financial performance improvement.
Showcase Financial Modelling Skills: If you have experience with financial modelling, provide specific examples of how you've used Excel to track performance or challenge operational assumptions. This will demonstrate your capability in a crucial area of the role.
Highlight Team Collaboration: Mention any past experiences where you worked closely with operations or project managers. This will show your ability to maintain strong working relationships, which is essential for this position.
How to prepare for a job interview at Atlas Recruitment Group Ltd
✨Know Your Numbers
As an accountant, you'll need to demonstrate your proficiency with financial data. Be prepared to discuss your experience with monthly accounts, budgets, and forecasts. Brush up on key financial metrics relevant to the construction or defence industry, as this will show your understanding of the sector.
✨Understand IFRS15
Since knowledge of IFRS15 is desirable for this role, make sure you can explain how revenue recognition works under this standard. Prepare examples from your past work where you've applied these principles, especially in relation to long-term contracts.
✨Showcase Financial Modelling Skills
Highlight your financial modelling skills during the interview. Be ready to discuss specific models you've created or worked with, and how they helped in tracking performance or making strategic decisions. If possible, bring a sample model to demonstrate your capabilities.
✨Build Rapport with Operations
The job requires close collaboration with various operational teams. Prepare to discuss how you've successfully built relationships with project managers or other stakeholders in previous roles. This will show that you understand the importance of teamwork in achieving financial goals.