At a Glance
- Tasks: Support project teams by managing costs and providing financial insights for major projects.
- Company: Join South East Water, a diverse and inclusive organisation dedicated to community service.
- Benefits: Enjoy 5 weeks holiday, flexible leave, health cash plan, and a generous pension scheme.
- Other info: This is a one-year fixed term contract with excellent career progression opportunities.
- Why this job: Make a real impact in financial management while growing your career in a supportive environment.
- Qualifications: Bachelor’s degree in Accounting & Finance or relevant experience; strong analytical skills required.
The predicted salary is between 45000 - 55000 £ per year.
Summary: Reporting to the Financial Performance Manager, you will be responsible for acting as a supporting project accountant to senior programme and delivery manager teams. In this 1 year fixed term contract role, you will be accountable for helping to manage and track the costs of major projects and/or enhancement schemes. You will collaborate with and support senior managers and the project teams to deliver operational and financial efficiencies through monitoring expenditure, conducting variance analysis, and providing solutions to optimise financial management. This ensures you can help the programmes of work manage their costs effectively whilst improving efficiency in a complex and evolving industry.
Main responsibilities:
- Support financial planning, budgeting and forecasting processes to align with corporate targets, internal controls and compliance with all regulatory standards.
- Provide financial analysis with insightful commentary to influence key business decisions, enhance operational efficiency and optimise financial performance across the business.
- Track and analyse financial key performance indicators (KPIs) and metrics, supporting insights that drive accountability and continuous improvement.
- Support value creation by providing financial and commercial support during contract negotiations and the execution of commercial deliverables.
- Help develop full project financial lifecycle plans and providing synergy solutions between initiatives.
- Help support the costing and valuing of SoWs and raising subsequent Purchase Orders in collaboration with project managers, procurement, and external suppliers to effectively manage costs.
- Support key business transformation initiatives, including digital and automation projects, to enhance reporting capabilities and operational financial efficiency.
- Act as a trusted financial advisor to senior management and cross-functional teams, translating complex financial data into manageable financial actions.
- Ensure the integrity of financial data and systems by maintaining a robust internal controls framework, and ensure strict compliance with all regulatory and accounting standards.
- Help maintain meticulous records, managing the invoice query process and ensuring accurate cost coding.
- Proactively collaborate with internal and external auditors to manage and mitigate financial risks, ensuring transparency and accuracy in all financial reporting.
- Advise and educate the finance team and wider business, fostering a culture of innovation, continuous improvement and professional growth.
- Supporting the finance team in adapting processes with new tools & technology to optimise and drive productive ways of working.
- Elevate the organisation's financial acumen by helping to design and deliver targeted training programs.
You'll need:
- Bachelor’s degree in Accounting & Finance, Part-Qualified Accountant (CIMA, ACCA, ACA) or Qualified by Experience.
- Good understanding and knowledge of IAS 16 & IAS 38 pertaining to the recognition, measurement and disclosure of assets in financial statements.
- The ability to review financial data, conduct in-depth variance analysis and leverage expertise in tools like Workday Finance with advanced Excel (and Google Sheets) to translate and present large datasets into clear actionable business insights for senior project & programme managers.
- Good verbal and written communication skills to present financial information with authority and confidence, enabling you to clearly and simply convey key variance commentary that is transparent for senior leaders.
- The ability to ensure budget compliance via strong reporting and analytical skills. Tracking actual costs against forecasts whilst providing potential solutions for savings and identifying any potential overspends.
- The ability to monitor and control costs and to anticipate future challenges and opportunities and develop a proactive, solutions-oriented mindset to solve complex problems and navigate ambiguity whilst ensuring that your client group is kept informed, involved and supported in their projects.
- An ability to build strong relationships, influence key stakeholders and negotiate effectively without direct authority, acting as a trusted project advisor to the programme management office.
- The ability to support the delivery of projects, including finance transformation, finance process improvement initiatives and system implementations, by helping to support and drive the change.
- Support major project initiatives and/or enhancement schemes, helping to track and follow up on cost saving initiatives.
- An understanding of Lean and Six Sigma methodologies to help identify and implement process improvements that drive financial efficiency.
- Experience in a junior cost controller role, driving key business decisions and influencing the optimisation of financial performance.
- An ability to support end-to-end financial planning cycles, including annual budgeting and rolling month forecasts with variance analysis.
- Experience in supporting projects to improve efficiency and reduce costs, including multiple process improvement initiatives.
- An ability to ensure compliance with procurement processes and helping to manage vendor invoices within tolerance levels.
- An ability to collaborate and synergize within the department whilst supporting a high-performance culture across the programmes.
Benefits package:
- Excellent Stakeholder pension scheme, up to 10% employer contribution.
- 5 weeks holiday plus bank holidays per annum, increasing to 6 weeks with length of service.
- Flexible annual leave policy to buy or sell holiday leave.
- Paid volunteering days.
- Cycle to work scheme.
- Health cash plan.
- Life assurance.
- Wellbeing related benefits.
What can you expect from your recruitment?
To apply for this position, please submit your CV on our career’s website. It is necessary for you to have the legal right to work in the UK when you begin employment with South East Water. Additionally, as part of the employment offer, you will need to pass background, identity, and employment referencing checks.
If this sounds like the opportunity you’ve been looking for, apply now!
Project Accountant in Snodland employer: South East Water Limited
South East Water is an exceptional employer that prioritises employee growth and well-being, offering a comprehensive benefits package including a generous pension scheme, flexible holiday options, and paid volunteering days. With a commitment to diversity and inclusion, the company fosters a collaborative work culture where employees are encouraged to innovate and develop their skills, making it an ideal place for those seeking meaningful and rewarding careers in the water industry.
StudySmarter Expert Advice🤫
We think this is how you could land Project Accountant in Snodland
✨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 informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research common questions for project accountants and practice your responses. Use the STAR method (Situation, Task, Action, Result) to structure your answers, showcasing your skills in financial analysis and cost management.
✨Tip Number 3
Show off your skills! Bring along examples of your work, like reports or analyses you've done in the past. This will help you demonstrate your ability to track costs and provide insightful commentary, making you stand out as a candidate.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining our team and contributing to our mission of financial efficiency and operational excellence.
We think you need these skills to ace Project Accountant in Snodland
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Project Accountant role. Highlight relevant experience and skills that match the job description, like financial analysis and cost management. We want to see how you can bring value to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of how you've tackled similar challenges in the past and how you can help us improve financial efficiency.
Showcase Your Skills:Don’t forget to highlight your technical skills, especially with tools like Excel and Workday Finance. We love candidates who can present complex data clearly, so make sure to mention any relevant projects where you've done just that!
Apply Through Our Website:We encourage you to apply directly through our careers website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team!
How to prepare for a job interview at South East Water Limited
✨Know Your Numbers
As a Project Accountant, you'll need to be comfortable with financial data. Brush up on your knowledge of IAS 16 & IAS 38, and be ready to discuss how you've used these standards in past roles. Prepare examples of variance analysis you've conducted and how it influenced business decisions.
✨Showcase Your Communication Skills
You'll be presenting financial information to senior managers, so practice conveying complex data in a clear and concise manner. Think of a few scenarios where you successfully communicated financial insights that led to actionable outcomes. This will demonstrate your ability to influence key stakeholders.
✨Demonstrate Problem-Solving Abilities
Expect questions about how you've tackled financial challenges in the past. Prepare to share specific examples where you identified cost-saving opportunities or improved financial processes. Highlight your proactive mindset and how you navigated ambiguity to deliver results.
✨Foster Relationships
Building strong relationships is crucial in this role. Be ready to discuss how you've collaborated with cross-functional teams and influenced stakeholders without direct authority. Share examples of how you acted as a trusted advisor and supported project managers in achieving their goals.