Project Accountant

Project Accountant

Full-Time 36000 - 60000 £ / year (est.) No home office possible
Skidmore, Owings & Merrill (SOM)

At a Glance

  • Tasks: Manage project finances and ensure compliance with accounting standards.
  • Company: Join SOM, a global leader in sustainable architecture and design.
  • Benefits: Enjoy health benefits, flexible schedules, and professional development opportunities.
  • Why this job: Be part of transformative projects that shape communities and the planet.
  • Qualifications: Degree in Accounting/Business Administration and 4+ years of relevant experience.
  • Other info: Collaborative culture focused on diversity, equity, and inclusion.

The predicted salary is between 36000 - 60000 £ per year.

At SOM, we are a collective committed to shaping a better future for our clients, communities and planet. We aspire to create the most sustainable, impactful work through creative, interdisciplinary teams with all the resources and diversity of a global firm. We value those who are passionate about excellence, innovation, integrity, inclusivity, and collaboration. Together we can achieve great things.

Success at SOM Means

  • Ideas: We believe in a meritocracy of ideas. We look to everyone to actively contribute to the discourse in the firm.
  • Knowledge: We believe that expertise is the result of lifelong learning. We are not expected to know everything, but rather to passionately pursue answers, develop new skills and deepen our knowledge.
  • Product: We strive for excellence in the concept, quality, and delivery of our work.
  • Individual: We value individuals who bring the highest standards of professionalism and personal integrity in the way they work. Each person can develop and contribute their wealth of attributes, skills and knowledge to support the overall health of the firm.
  • Team: We value the power of interdisciplinary integration. A positive team culture in which everyone collaborates openly towards common goals is essential.
  • Firm: We have a history of making transformative contributions to the profession and our communities. We are constantly innovating and attempting to bring new approaches, solutions and processes to our work.

Position Responsibilities

  • Fully responsible for the proper accounting and financial presentation of projects in accordance with Generally Accepted Accounting Principles (GAAP), Modified Cash Basis of Accounting, SOM policies and procedures.
  • Ensures that appropriate internal controls are in place to protect the firm’s assets and generate an appropriate return on his or her projects, appropriate financial management techniques, tools and resources are utilized in order to achieve or exceed the project’s stated financial goals.
  • Assists in fee and expense analysis.
  • Reviews contracts from a financial perspective and advises Partners, Project Managers and Central on any unique Firmwide matters, such as foreign currency, taxation or other financial exposures.
  • Participates in compliance meetings with team and reviews the completed compliance form with the Project Manager.
  • Designs or assists in the design of the project numbering scheme in accordance with SOM standards.
  • Takes responsibility for gathering information and setting up a project for all disciplines as well as providing all qualitative data (functional market, geographical market, etc.).
  • Reviews and analyzes the financial condition of each project (accrual and cash) on a monthly basis and advises the Project Manager, Financial Controller as to any material variances.
  • Reviews weekly financial reports and brings any significant issues to the attention of the Project Manager.
  • Alerts the Financial Controller regarding any internal control problems or questionable practices.
  • Assists in identifying the need for additional services and assists in the preparation of the project plan including a profitability analysis and reviews such plan and analysis with PM.
  • Updates PM on labor status during regular meeting.
  • Maintains "open door" policy by ensuring availability to PM and project teams for any questions regarding where to charge time, project plan allocations, status of hours spent.
  • Reviews preliminary invoices for appropriate labor, expense charges, billing rates, fees maximums and makes appropriate changes and reclassifications.
  • Updates outstanding receivable statements, billing summaries and consultant summaries that are for client’s use.
  • Interacts with Client's accounting department counterpart regarding outstanding invoices, billing schedules, invoice approvals and ultimate collection; Client regarding status and analysis of consultants' invoicing; Consultants regarding accounts payable and invoices Accounts with colleagues within all SOM office locations to coordinate multi-discipline/multi-office projects.
  • Assists with other tasks and responsibilities as may be required.

Leadership Responsibilities

  • Inspires and leads others by example, participates in staff mentoring and training, clearly defines team member expectations and responsibilities, empowers others, and delegates where appropriate based on team members’ recognized abilities and potential.
  • In collaboration with team members, contributes to a clear and consistent work plan to achieve the project budget, deliverables, and schedule.
  • Actively engages in internal professional development opportunities.
  • Contributes to the implementation of sustainable strategies in all project assignments and the associated development of staff knowledge.
  • Contributes to the development of standards, policies, and procedures.
  • Protects SOM from financial and legal risk.

Minimum Qualifications

  • Degree in Accounting/Business Administration or comparable experience.
  • 4 years+ Project or Job Costing experience.
  • Experience within the Architecture, Engineering or Construction industries.
  • Hands-on, especially in terms of billing, project accounting and contract review.
  • Ability to prioritize, organize work flows and juggle conflicting demands.
  • Exceptional communication skills (written and oral).
  • Ability to interface with project managers, clients and architects.
  • Experience with Microsoft Office including but not limited to Microsoft Excel.
  • Experience with Deltek Vision software a plus.

Are you ready to join a team of creative professionals working on transformational projects around the world? Take advantage of this exciting opportunity to build a better future with SOM.

Our Benefits

  • Health and Wellness: Medical, dental, vision, disability, and life & accident insurance.
  • Work/Life Balance: Inquire about our approach to flexible schedules, paid family leave, paid vacation, backup child and elder care, and an employee assistance program.
  • Professional Development: Reimbursement for professional licenses, associated renewals, and exam fees as well as specialized in-house career development.

Our Culture

Our creative, interdisciplinary teams work like small, dynamic studios, with all the resources and diversity of a global firm. Here, you’ll collaborate with industry experts on some of the most exciting and transformative architecture, engineering, and planning projects in the world. We believe an inclusive environment improves our teams, our firm, and our communities and are passionate about Diversity, Equity, and Inclusion. Our DEI Action Plan was created to bring meaningful change to our profession, starting with our own culture and practices. We are proud to be an equal opportunity and affirmative action employer.

Project Accountant employer: Skidmore, Owings & Merrill (SOM)

At SOM, we pride ourselves on being an exceptional employer, offering a vibrant work culture that fosters creativity and collaboration among our diverse teams in London. Our commitment to professional development, inclusive practices, and a healthy work-life balance ensures that every employee has the opportunity to thrive while contributing to transformative projects that shape communities and the environment. Join us to be part of a forward-thinking firm that values innovation, integrity, and the meritocracy of ideas.
Skidmore, Owings & Merrill (SOM)

Contact Detail:

Skidmore, Owings & Merrill (SOM) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Project Accountant

✨Tip Number 1

Network like a pro! Reach out to your connections in the industry, attend events, and engage with professionals on platforms like LinkedIn. You never know who might have the inside scoop on job openings or can refer you directly.

✨Tip Number 2

Prepare for interviews by researching SOM's projects and values. Show them you’re not just another candidate; demonstrate your passion for their mission and how your skills align with their goals. Tailor your responses to reflect their commitment to excellence and collaboration.

✨Tip Number 3

Practice makes perfect! Conduct mock interviews with friends or mentors to refine your answers and boost your confidence. Focus on articulating your experience in project accounting and how it relates to the role at SOM.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, keep an eye on our careers page for new opportunities that match your skills and interests.

We think you need these skills to ace Project Accountant

Accounting Principles
Project Costing
Financial Analysis
Contract Review
Billing Management
Microsoft Excel
Deltek Vision
Communication Skills
Organisational Skills
Problem-Solving Skills
Interdisciplinary Collaboration
Leadership Skills
Client Interaction
Compliance Knowledge

Some tips for your application 🫡

Show Your Passion: When writing your application, let your enthusiasm for the role shine through! We want to see how your values align with ours, especially around excellence, innovation, and collaboration.

Tailor Your CV: Make sure your CV is tailored to the Project Accountant role. Highlight relevant experience in project costing and accounting, and don’t forget to mention any specific software skills like Deltek Vision that could set you apart!

Be Clear and Concise: Keep your application clear and to the point. Use bullet points where possible to make it easy for us to see your qualifications and achievements at a glance. We appreciate straightforward communication!

Apply Through Our Website: Don’t forget to apply through our website! It’s the best way to ensure your application gets into the right hands. Plus, it shows you’re serious about joining our team at SOM.

How to prepare for a job interview at Skidmore, Owings & Merrill (SOM)

✨Know Your Numbers

As a Project Accountant, you'll need to demonstrate your financial acumen. Brush up on GAAP principles and be ready to discuss how you've applied them in past roles. Prepare examples of how you've managed project budgets and financial reporting.

✨Showcase Your Communication Skills

Exceptional communication is key for this role. Be prepared to explain complex financial concepts in simple terms. Think of instances where you've successfully collaborated with project managers or clients, and be ready to share those stories.

✨Understand the Company Culture

Familiarise yourself with SOM's values around sustainability, collaboration, and innovation. During the interview, express how your personal values align with theirs and provide examples of how you've contributed to a positive team culture in previous positions.

✨Prepare for Technical Questions

Expect questions about specific software like Deltek Vision and Microsoft Excel. Brush up on your technical skills and be ready to discuss how you've used these tools to enhance project accounting processes. If you have any unique experiences or challenges you've overcome, make sure to highlight them!

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