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- Tasks: Manage project costing and revenue, ensuring accurate invoicing and payment processes.
- Company: Join a dynamic group of businesses focused on project financial management.
- Benefits: Potential for permanent position, flexible working environment, and collaborative team culture.
- Why this job: Gain hands-on experience in finance while making a real impact on project success.
- Qualifications: Ideal for those with knowledge in accounting, especially in construction or related industries.
- Other info: Opportunity to develop valuable reporting and reconciliation skills in a supportive setting.
The predicted salary is between 36000 - 60000 £ per year.
A new role has been created for a growing group of businesses that take control of the project costing and revenue aspects of projects. It is a 6-month contract but has a real possibility of converting to permanent thereafter. Reporting to the Financial Controller, you will have considerable interaction with service & operational teams to resolve issues related to invoicing and revenue through to payment and identify causes to prevent future delays.
Responsibilities:
- Gross Profit analysis and reconciliation.
- Preparing project by project gross profit analysis ensuring sales and costs are matched correctly.
- Working with service & ops teams to ensure costs are accurately posted to each job.
- Ensuring both project jobs and stock values are correctly stated.
- Monthly review of Inventory report to determine accurate numbers being reported in our monthly management accounts.
- Reviewing and preparing monthly adjustments to the WIP and Accrued Revenue after project reviews.
- Ensuring all costs are booked in the correct period & preparing accrual journals as needed.
- Reconciling supplier statements.
- Ensuring sub-contractor costs are correctly booked to the correct job and at month-end accruing work not billed yet by them.
- Full review of all costs to Gross Profit monthly ensuring any costs outside of projects are correctly accounted in the period.
- Develop & prepare reports showing comparisons to prior month/budget and commentary for significant variances.
An understanding of applications/CIS/Retention is a distinct advantage, as well as an understanding of inventory valuation and project type costing analysis. Knowledge of applications/retentions within the construction or related industry is preferred. You should have a collaborative style to ensure non-financial teams work to any changes and perform to deadlines as needed. Flexibility is required as the role will involve both transactional accounting along with good reporting and reconciliation skills.
Project Costing Accountant - 6 Months employer: Holden Jones Ltd
Contact Detail:
Holden Jones Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Costing Accountant - 6 Months
✨Tip Number 1
Familiarise yourself with project costing and revenue management principles. Understanding the nuances of gross profit analysis and reconciliation will give you a solid foundation to discuss during interviews.
✨Tip Number 2
Network with professionals in the construction or related industries. Engaging with individuals who have experience in applications, CIS, and retention can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Brush up on your reporting and reconciliation skills. Being able to demonstrate your ability to prepare accurate reports and manage inventory valuation will set you apart from other candidates.
✨Tip Number 4
Showcase your collaborative style in your interactions. Highlighting your ability to work effectively with non-financial teams will be crucial, as this role requires strong communication and teamwork.
We think you need these skills to ace Project Costing Accountant - 6 Months
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in project costing and accounting. Emphasise any previous roles where you worked closely with service and operational teams, as well as your skills in gross profit analysis and reconciliation.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to resolve invoicing issues and work collaboratively with non-financial teams.
Highlight Relevant Skills: Clearly outline your understanding of applications, CIS, and retention, especially if you have experience in the construction industry. This will show that you are well-suited for the role and understand the nuances of project costing.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or typos. A polished application reflects your attention to detail, which is crucial for an accounting role.
How to prepare for a job interview at Holden Jones Ltd
✨Understand the Role
Make sure you thoroughly understand the responsibilities of a Project Costing Accountant. Familiarise yourself with gross profit analysis, invoicing issues, and how to work with service and operational teams. This will help you answer questions confidently and demonstrate your knowledge.
✨Showcase Relevant Experience
Prepare examples from your past work that highlight your experience in project costing, revenue management, and reconciliation. Be ready to discuss specific projects where you successfully managed costs and collaborated with non-financial teams.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's projects, their approach to cost management, and how they handle invoicing issues. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
✨Demonstrate Flexibility and Collaboration
Since the role requires working closely with various teams, be prepared to discuss how you've successfully collaborated in the past. Highlight your ability to adapt to changing circumstances and work under tight deadlines, as this will be crucial for the position.
