At a Glance
- Tasks: Assist with project accounting tasks and ensure financial compliance.
- Company: WATG, a leading global design firm focused on hospitality and community.
- Benefits: Employee-owned, remote work options, and a vibrant team culture.
- Other info: Dynamic work environment with opportunities for professional growth.
- Why this job: Join a creative team and contribute to impactful design projects worldwide.
- Qualifications: Degree in accounting or finance, with strong organisational and communication skills.
The predicted salary is between 40000 - 50000 € per year.
WATG is the world's preeminent destination and hospitality design firm. We are employee‑owned, home to more than 500 professionals globally, located remotely and in our offices in Atlantic City, California, Dallas, New York, Honolulu, London, Singapore, and Shanghai. Our approach to design applies a hospitality ethos to the development of all shapes and sizes. From initial feasibility studies to finishing touches, we operate globally as an integrated, multidisciplinary practice. Along with our interior design studio, Wimberly Interiors, we specialize in hospitality, gaming + entertainment, urban + mixed‑use, and high‑end residential design.
We were founded in Honolulu in 1945, and the spirit of the islands taught us to focus on community strength, self‑reliance, and sustainability – which we still prioritize today. We passionately believe that culture and heritage are the roots that lead to long‑term resilience. We stay true to our values of designing spaces that respect, protect, and enhance the natural magic of their surroundings while delivering long‑term value for our clients and their communities.
WATG is hiring a Project Accountant for our office in London.
ROLE
The Project Accountant assists with project accounting tasks, including project setup and maintenance, client billings, collections, accounts payable, and management reports, following WATG's policies and procedures and in compliance with applicable laws.
RESPONSIBILITIES
- Project Setup and Project Health
- Sets up business development projects and phases and live project shells in the accounting system, liaising with Project Accountants to ensure projects are set up properly.
- Prepares weekly Net Service Revenue (NSR) reports and updates comments provided by Project Managers and Project Architects.
- Assists Project Accountants with project close‑outs.
- Contracts
- Reviews project contracts for financial details to ensure compliance with business development efforts and live project shells.
- Maintains contract paperwork and files, invoices, aging accounts receivable, change orders, vendor and subcontractor documents/COI (certificate of insurance), and other specified logs for project tracking.
- Accounts Receivables
- Posts cash receipts and journal entries for projects with WHT (withholding taxes), and updates billing and collection (B&C) allocation files daily.
- Monitors B&C files daily to make sure posted cash receipts (gross amounts) tie to the ERP system.
- Researches unidentified wires and checks received to ensure they are posted correctly.
- Gathers and consolidates expense backups per the details on the reimbursable expense invoices.
- Prepares weekly collection reports.
- Prepares Statement of Accounts.
- Accounts Payables
- Performs Accounts Payable (AP) duties, including coding and posting vouchers, coordinating reviews and approvals, researching vendor payment inquiries, and updating the tracking file for Pay‑When‑Paid (PWP) consultants.
- Pulls vouchers for weekly PWPs and updates PWP tracking logs.
- Notifies PWP consultants of their invoice payments.
- Bi‑monthly, updates PWP status report on SharePoint after payments have been paid and posted in the accounting system.
- Reconciles the month‑end PWP tracking versus the PWP disbursed files.
- Reviews phases in PowerBI to make sure backlog is available for phases being coded to prior posting vouchers in the accounting system.
- Enters Independent Consultants’ (IC) invoices and maintains logs to identify how to post ICs as labor or expense by project.
- Enters ICs’ timecards when treated as labor.
- Loads payments in the bank portal for vendors and consultants.
QUALIFICATIONS
- Bachelor's degree in accounting, finance, or related field preferred.
- Proficient in Microsoft Office (including Word and Excel, Outlook), accounting software, order processing, and databases.
- Some experience with BST or comparable ERP systems preferred.
- Experienced in general ledger, accounts receivable, and accounts payable procedures.
- Able to problem‑solve and multitask daily tasks in a highly organized manner.
- Excellent written and verbal communication skills.
- Works effectively in a team environment, showing strong interpersonal skills.
- Must handle sensitive information in a confidential manner.
Project Accountant employer: WATG Holdings, Inc.
WATG is an exceptional employer that fosters a collaborative and innovative work culture, where employees are empowered to contribute to meaningful projects in the hospitality design sector. With a strong commitment to sustainability and community values, WATG offers ample opportunities for professional growth and development, particularly in its vibrant London office, which serves as a hub for creativity and excellence in design. As an employee-owned firm, we prioritise our team's well-being and success, ensuring a rewarding and fulfilling career path for all our staff.
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 don’t be shy about letting people know you’re on the hunt for a Project Accountant role. You never know who might have the inside scoop on an opportunity!
✨Tip Number 2
Prepare for interviews by researching WATG and understanding their projects and values. Tailor your responses to show how your skills align with their mission of community strength and sustainability. This will make you stand out as a candidate who truly gets what they’re about.
✨Tip Number 3
Practice your interview skills with a friend or in front of a mirror. Focus on articulating your experience with project accounting tasks, like client billings and accounts payable. The more comfortable you are, the better you’ll perform when it counts!
✨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 the WATG team and ready to contribute to their amazing projects.
We think you need these skills to ace Project Accountant
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Project Accountant role. Highlight relevant experience in project accounting, accounts payable, and receivables. We want to see how your skills align with our needs!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about hospitality design and how your background makes you a perfect fit for WATG. Let us know what excites you about this opportunity!
Showcase Your Skills:Don’t forget to mention your proficiency in Microsoft Office and any accounting software you’ve used. If you have experience with ERP systems like BST, make sure to highlight that too. We love candidates who can hit the ground running!
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep everything organised and ensures your application gets the attention it deserves. We can't wait to hear from you!
How to prepare for a job interview at WATG Holdings, Inc.
✨Know Your Numbers
As a Project Accountant, you'll be dealing with financial details daily. Brush up on your accounting principles and be ready to discuss how you've handled project setups, client billings, and accounts payable in the past. This shows you’re not just familiar with the numbers but can also apply them effectively.
✨Familiarise Yourself with WATG
Do some homework on WATG’s projects and values. Understand their approach to design and how they integrate hospitality into their work. Being able to reference specific projects or initiatives during your interview will demonstrate your genuine interest in the company and its mission.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific situations, like managing cash receipts or resolving vendor payment inquiries. Think of examples from your previous experience where you successfully navigated similar challenges, and be ready to share those stories.
✨Showcase Your Team Spirit
WATG values teamwork, so be prepared to discuss how you’ve collaborated with others in past roles. Highlight instances where your interpersonal skills made a difference in achieving project goals, as this will resonate well with their company culture.
