Assistant Project Accountant in London

We are seeking an Assistant Project Accountant to support financial control and project accounting activities across a diverse portfolio of contracts and service delivery streams. This is a hands-on role within a growing finance function, offering exposure to revenue recognition, contract accounting, project reporting, and month-end accounting in a dynamic project-led environment.

The successful candidate will play a key role in ensuring the accuracy of project financial reporting, maintaining contract accounting schedules, supporting month-end close processes, and partnering with operational stakeholders to improve financial visibility across the business.

Key Responsibilities

• Prepare monthly revenue recognition calculations and contract accounting schedules, including WIP, accrued and deferred revenue.
• Support project accounting activities, ensuring costs, margins, and contract positions are accurately recorded and maintained.
• Prepare month-end journals, accruals, reconciliations, and balance sheet reviews across project-related accounts.
• Maintain project financial data, ensuring transactions are allocated correctly and financial records remain accurate.
• Produce project reporting and supporting analysis, including P&L and balance sheet reporting.
• Monitor timesheet completion and support utilisation and time recovery reporting across the business.
• Raise customer invoices, process credit notes, and support query resolution alongside Credit Control.
• Support project setup and closure activities, ensuring financial structures and controls are in place.
• Assist with audit requirements and preparation of year-end supporting documentation.
• Identify opportunities to improve processes, controls, and reporting efficiencies.

Requirements

• Part-qualified or fully qualified ACA, ACCA, CIMA, or equivalent, or qualified by experience.
• Strong understanding of double-entry bookkeeping, accruals accounting, and balance sheet reconciliations.
• Experience within project-based, contract, engineering, construction, manufacturing, or professional services environments.
• Understanding of revenue recognition and contract accounting principles.
• Experience working with ERP systems and strong Excel skills.
• Comfortable handling large volumes of financial data and producing accurate reporting.
• Strong communication skills with the ability to work effectively with both finance and non-finance stakeholders.
• Ability to manage multiple priorities and work to tight month-end deadlines.

Desirable

• Experience of percentage-of-completion or long-term contract accounting.
• Exposure to project costing, WIP accounting, and contract asset/liability reporting.
• Experience supporting external audits and year-end processes.
• Knowledge of FRS 102, IFRS, or other relevant accounting standards.
• Experience within a growing or fast-paced business environment.

Personal Attributes

• Highly organised with excellent attention to detail.
• Curious and analytical approach to financial data.
• Proactive and persistent in resolving issues and obtaining information.
• Collaborative team player with strong stakeholder management skills.
• Continuous improvement mindset with an interest in process optimisation.

This is an excellent opportunity for an ambitious accounting professional to develop specialist project accounting expertise within a commercial and growing organisation, while gaining exposure to complex contract accounting and business partnering activities.