Project Accountant

Job Title: Project Accountant

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Location: Surrey – Guildford. We offer a range of hybrid and flexible working arrangements – please speak to your recruiter about the options for this particular role

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Salary: £37,500 to £42,500 commensurate with skills and experience

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What you’ll be doing:

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• Deliver and review outputs of project accounting financial processes and ensure appropriate consideration of IFRS15 revenue recognition in the set-up of all new projects and use of accounting structures to optimise financial information

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• Work collaboratively with BU stakeholders to ensure the requirements for financial forecasting on projects are understood and delivered and own the monthly orderbook reconciliation process and associated analysis of backlog and secured revenue profile

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• Ensure there is an appropriate process for using project forecasts to inform the trading of project revenue and gross margin with review and validation with business stakeholders

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• Manage month-end process to create project and business area P&L, BS and Cash Flow and present this information to leaders

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• Ensure insightful financial reporting of project performance using the SSR and other reporting mechanisms as appropriate

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• Review first draft financial / management reporting for use with business stakeholders and provide support to Finance Business Partners in terms of historic financials and inputting into financial models

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• Oversee interface into SSFO team to ensure bills raised in a timely manner; work with business stakeholders to drive cash collection

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• Take ownership and responsibility for reviewing/approving reconciliations including DI BS recs, order book, project and business area financial reconciliations (e.g. working capital, SSR)

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Your skills and experiences:

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Essential:

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• Qualified/Part Qualified member professional accounting body (ACA, ACCA, CIMA)

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• Experience of Project Finance and strong understanding of financial forecasting and reporting processes

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• Knowledge of relevant accounting standards (IFRS / GAAP), incl. IFRS15 revenue recognition

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• Recognises best practice in applying financial controls

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• Experience of using MRPs or ERPs (e.g. SAP, Infor LN, Oracle) and financial reporting, forecasting and analytical tools (e.g. SAP BPC / SAC, Cognos, Tableau

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Benefits:

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You’ll receive benefits including a competitive pension scheme, enhanced annual leave allowance and a Company contributed Share Incentive Plan. You’ll also have access to additional benefits such as flexible working, an employee assistance programme, Cycle2work and employee discounts – you may also be eligible for an annual incentive.

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The Digital Intelligence Team:

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BAE Systems Digital Intelligence is home to 4,000 digital, cyber and intelligence experts. We work collaboratively across 16 countries to collect, connect and understand complex data, so that governments, nation states, armed forces and commercial businesses can unlock digital advantage in the most demanding environments

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This role is based within CORDA which forms part of the Data & Digital area within the Defence business unit in Digital Intelligence. CORDA is a growing consultancy business, specialising in delivering consultancy and analytical solutions to internal BAE Systems and external customers. We work across a range of sectors including defence, transport, security and policing.

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As a Project Accountant within the Project Finance team you will have responsibility for ensuring the delivery of timely, accurate and insightful project and management financial information to business and finance stakeholders. You will partner effectively with Business Unit Delivery leads and BU Finance Business Partners to ensure that accounting and reporting of project performance is efficient and effective.

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The Flexible Working Statement:

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As the world has evolved, so has the way we work. Our working approach, will enable you to have flexibility with your working hours, depending on your role and location. This could include accruing hours as well as flexibility around start and finish times, ensuring you can balance life at work, on site and life at home.

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Why BAE Systems?

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This is a place where you’ll be able to make a real difference. You’ll be part of an inclusive culture that values diversity, rewards integrity, and merit, and where you’ll be empowered to fulfil your potential. We welcome candidates from all backgrounds and particularly from sections of the community who are currently underrepresented within our industry, including women, ethnic minorities, people with disabilities and LGBTQ+ individuals.

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We also want to make sure that our recruitment processes are as inclusive as possible. If you have a disability or health condition (for example dyslexia, autism, an anxiety disorder that may affect your performance in certain assessment types, please speak to your recruiter about potential reasonable adjustments.

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Please be aware that many roles at BAE Systems are subject to both security and export control restrictions. These restrictions mean that factors such as your nationality, any nationalities you may have previously held, and your place of birth can restrict the roles you are eligible to perform within the organisation.

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All applicants must as a minimum achieve Baseline Personnel Security Standard. Many roles also require higher levels of National Security Vetting where applicants must typically have 5 to 10 years of continuous residency in the UK depending on the vetting level required for the role, to allow for meaningful security vetting checks.

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Closing Date: 3rd February 2025

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We reserve the right to close this vacancy early if we receive sufficient applications for the role. Therefore, if you are interested, please submit your application as early as possible.

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