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For Companies At a Glance
- Tasks: Manage project budgets, track costs, and prepare financial reports.
- Company: Join a dynamic finance team focused on cost optimisation and project efficiency.
- Benefits: Enjoy flexible work options and opportunities for professional growth.
- Why this job: Make a real impact on project success while developing your financial expertise.
- Qualifications: Bachelor’s degree in finance or accounting; 5 years of project accounting experience required.
- Other info: Ideal for detail-oriented individuals who thrive in collaborative environments.
The predicted salary is between 36000 - 60000 £ per year.
Position Summary:
We are seeking a detail-oriented and proactive Project Accountant with strong expertise in cost optimisation and procurement to join our finance team. The ideal candidate will oversee financial aspects of projects, ensuring efficient budget management, project cost tracking and variance analysis, vendor cost control
Key Responsibilities:
Project Accounting:
- Manage and maintain accurate budgets and cost tracking for Projects.
- Prepare monthly project financial reports, including variance analysis against budgets. Coordinate with project managers, business and finance teams.
- Monitor project expenditures, ensuring compliance with company policies and project budgets.
- Lead the Project Budget and forecasts across entities.
- Prepare Project Dashboards Proactively. Provide financial insights and recommendations to improve project efficiency and cost savings on projects.
- Work on Project Module in Unit 4, test and help in rollout.
- Proactive in setting up new processes.
- Support audits and internal controls related to project accounting.
Cost Optimization:
- Monitor vendor performance and cost trends to implement cost control measures.
- Assist in approvals by checking budgets, liaise with FP&A team.
- Cost analysis as required.
Qualifications:
- Bachelor’s degree in Accounting, Finance, Business Administration, or related field.
- Professional accounting certification (CPA, ACCA, CMA) preferred.
- Minimum 5 years of experience in project accounting.
- Strong understanding of cost optimisation techniques and best practices.
- Proficiency in accounting software (e.g., SAP, Oracle, QuickBooks) and MS Office suite, especially Excel.
- Excellent analytical, negotiation, and communication skills.
- Ability to manage multiple priorities and work collaboratively across teams.
Competencies:
- Detail-oriented with strong numerical accuracy.
- Integrity and confidentiality in handling financial data.
- Strategic thinking and problem-solving.
- Time management and ability to handle multiple projects simultaneously.
- Work collaboratively with all stakeholders to achieve goals.
- Influencing skills.
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Project Accountant and Cost Control employer: Global Banking School
Contact Detail:
Global Banking School Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Accountant and Cost Control
✨Tip Number 1
Familiarise yourself with the specific accounting software mentioned in the job description, such as SAP or Oracle. Having hands-on experience or certifications in these tools can set you apart from other candidates.
✨Tip Number 2
Brush up on your cost optimisation techniques and be ready to discuss how you've successfully implemented them in past roles. Prepare examples that demonstrate your ability to manage budgets and improve project efficiency.
✨Tip Number 3
Network with professionals in the finance and project accounting fields. Attend industry events or join relevant online forums to connect with others who may provide insights or referrals for the position.
✨Tip Number 4
Research StudySmarter's values and recent projects. Understanding our company culture and how we approach project accounting will help you tailor your discussions during interviews and show your genuine interest in joining our team.
We think you need these skills to ace Project Accountant and Cost Control
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in project accounting and cost control. Emphasise your proficiency with accounting software and any professional certifications you hold.
Craft a Compelling Cover Letter: In your cover letter, explain why you're the perfect fit for the role. Mention specific examples of how you've successfully managed project budgets and implemented cost optimisation strategies in previous positions.
Highlight Relevant Skills: Clearly outline your analytical, negotiation, and communication skills in your application. These are crucial for the role, so provide examples of how you've used these skills to achieve results in past projects.
Showcase Your Attention to Detail: Since the role requires a detail-oriented approach, include examples that demonstrate your numerical accuracy and ability to manage multiple priorities effectively. This will help convey your suitability for the position.
How to prepare for a job interview at Global Banking School
✨Showcase Your Analytical Skills
As a Project Accountant, you'll need to demonstrate your strong analytical abilities. Be prepared to discuss specific examples of how you've conducted variance analysis and budget management in previous roles. Highlight any tools or software you used to enhance your reporting.
✨Understand Cost Optimisation Techniques
Familiarise yourself with various cost optimisation strategies before the interview. Be ready to explain how you've implemented these techniques in past projects, and share any measurable outcomes that resulted from your efforts.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills. Think about challenges you've faced in project accounting and how you resolved them. This will show your ability to think strategically and manage multiple priorities effectively.
✨Demonstrate Collaboration Skills
Since the role involves working closely with project managers and finance teams, be prepared to discuss your experience in collaborative environments. Share examples of how you've successfully influenced stakeholders and contributed to team goals.
