Project Accountant in Scotland

Project Accountant in Scotland

Scotland Temporary 40000 - 50000 ÂŁ / year (est.) No home office possible
James Fisher and Sons plc

At a Glance

  • Tasks: Manage project finances, ensuring accurate reporting and cost management throughout the project lifecycle.
  • Company: Join a leading company in the engineering sector with a focus on innovation and safety.
  • Benefits: Competitive benefits, career growth opportunities, and a supportive, inclusive culture.
  • Other info: Flexible working in Inchinnan, Glasgow with opportunities for travel.
  • Why this job: Make a real impact on projects while developing your financial expertise in a dynamic environment.
  • Qualifications: ICAS, ACCA or CIMA qualified with experience in project accounting or cost control.

The predicted salary is between 40000 - 50000 ÂŁ per year.

6 month fixed term contract, Inchinnan, Glasgow. The Project Accountant will ensure there is accurate and timely reporting of long-term projects and services, covering actual and forecast financial performance from both a project performance and financial accounting perspective, in accordance with IFRS15 and other applicable accounting standards. This role includes robust cost challenge and continuous cost improvement throughout the project life cycle. They will implement cost management best practices and apply them consistently across all projects, proactively identifying cost variances, risk areas and mitigations, and communicating these to project managers to assist in delivering projects and customer requirements cost‑effectively. They will work closely with Project Managers to ensure they understand the financial performance of their projects and communicate this information to the wider business as required. Long‑term projects or services vary in length and value, typically ranging from 1 year to 5 years and from £1m to £30m. The role is expected to build strong relationships across the business with bids, operations, supply‑chain, procurement, project management, planning, project controls and commercial teams. Flexibility is required, with the position based in Inchinnan, Glasgow and travel as necessary.

Key Duties and Responsibilities

  • Preparation of detailed project baseline cost and revenue budget and regular EAC reforecasts in collaboration with the Project team and present the information to stakeholders as required.
  • Perform Value of Work Done (VOWD) assessments through project life, compare to planned progress, identify and mitigate slippage and elevate issues to management.
  • Responsible for the preparation and population of project specific forecasting and cost tracker model; highlighting performance improvements.
  • Providing project monthly revenue and profit margin information including inter‑company information for actuals, forecasts and annual budget process in accordance with IFRS15 accounting standard.
  • Prepare and document accounting based papers to support the accounting treatment for the project covering appropriate accounting standards and to update as required.
  • Conduct cost variance analysis and sensitivity analysis and identify opportunities, risks and mitigations where available to the Project Manager.
  • Ensure costs are correctly allocated to cost accounts/work orders, review correct coding of requisitions, purchase orders, contracts, invoices, variations, reconciling costs to the General Ledger and investigating variances.
  • Facilitate and participate in lessons‑learnt sessions on project delivery and feedback to the responsible functions to ensure these are captured and acted upon to improve future project delivery.
  • Manage multi‑currency project reporting and FX exposure.
  • Manage inter‑company recharges, cost allocations and project‑related billing.

What we’re looking for

You will have a strong focus on uplifting the quality and standard of output of the finance team while driving deeper financial insight through active business partnering. Focused on delivering results, you will be objective‑oriented with a detailed mindset, an effective problem solver, and have excellent people‑management skills. You will collaborate effectively with team members, senior management, executives and third parties such as auditors, and give clarity in conveying complex financial information in a clear and understandable manner. Analytical review skills and the ability to prioritise tasks and manage time are essential.

Key skills, knowledge and experience

  • ICAS, ACCA or CIMA qualification.
  • Proven track record in a similar role (e.g., Project Management Accountant, Cost controller) and industry (e.g., Oil & Gas, engineering or manufacturing).
  • Proficient user of Microsoft Excel.
  • Experience of ERP systems (e.g., Glovia, SAP, Oracle).
  • Experience working with multi‑currency projects.
  • Understanding of inter‑company accounting and multi‑entity structures.

Why join us?

  • Competitive benefits tailored to the division.
  • Opportunities for career growth and visibility across the organisation.
  • A supportive, inclusive culture that values your ideas and contributions.
  • Work that truly makes a difference in safety, innovation, and global capability.

James Fisher and Sons are committed to taking positive action on diversity and strongly encourage applications for candidates from all backgrounds. We are proud to be a Disability Confident employer and recognise that our success depends on our talented and diverse workforce.

Project Accountant in Scotland employer: James Fisher and Sons plc

At James Fisher and Sons, we pride ourselves on being an excellent employer, offering a supportive and inclusive culture that values your contributions. Located in Inchinnan, Glasgow, this role as a Project Accountant provides competitive benefits and ample opportunities for career growth, allowing you to make a meaningful impact in safety and innovation while collaborating with diverse teams across the organisation.
James Fisher and Sons plc

Contact Detail:

James Fisher and Sons plc Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Project Accountant in Scotland

✨Tip Number 1

Network like a pro! Reach out to your connections in the finance and project management sectors. Attend industry events or webinars, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know!

✨Tip Number 2

Prepare for those interviews by researching the company and its projects. Understand their financial performance and challenges. We want you to show them you’re not just another candidate; you’re someone who can bring real value to their team!

✨Tip Number 3

Practice your pitch! You’ll want to clearly communicate your experience with project accounting and how you’ve tackled cost variances in the past. We suggest rehearsing with a friend or in front of a mirror to boost your confidence.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the initiative to connect directly with us. Let’s get you that Project Accountant role!

We think you need these skills to ace Project Accountant in Scotland

Financial Reporting
IFRS15
Cost Management
Budgeting
Value of Work Done (VOWD) Assessments
Cost Variance Analysis
Sensitivity Analysis
Microsoft Excel
ERP Systems (e.g., Glovia, SAP, Oracle)
Inter-Company Accounting
Multi-Currency Project Reporting
Problem-Solving Skills
Analytical Review Skills
People-Management Skills
Business Partnering

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your qualifications like ICAS, ACCA, or CIMA, and any relevant project accounting experience to catch our eye!

Craft a Compelling Cover Letter: Use your cover letter to tell us why you're the perfect fit for the Project Accountant role. Share specific examples of how you've tackled cost management challenges and improved financial performance in past projects.

Showcase Your Analytical Skills: Since this role requires strong analytical abilities, mention any experience you have with cost variance analysis or forecasting. We love seeing how you’ve used data to drive decisions and improve project outcomes!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!

How to prepare for a job interview at James Fisher and Sons plc

✨Know Your Numbers

As a Project Accountant, you'll need to be comfortable with financial data. Brush up on your knowledge of IFRS15 and be ready to discuss how you've applied accounting standards in previous roles. Prepare examples of how you've managed project budgets and performed cost variance analysis.

✨Showcase Your Problem-Solving Skills

Be prepared to discuss specific challenges you've faced in past projects and how you overcame them. Highlight your analytical skills and your ability to identify risks and implement mitigations. This will demonstrate your proactive approach to project management.

✨Build Relationships

Since this role involves working closely with various teams, think about how you've successfully collaborated with others in the past. Be ready to share examples of how you've communicated complex financial information clearly to non-financial stakeholders.

✨Demonstrate Flexibility

Given the travel requirements and the dynamic nature of project work, it's important to show that you're adaptable. Share experiences where you've had to adjust to changing circumstances or priorities, and how you managed to keep projects on track despite these changes.

Project Accountant in Scotland
James Fisher and Sons plc
Location: Scotland

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