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- Tasks: Assist with project accounting tasks and ensure compliance with financial details.
- Company: WATG, a leading global design firm focused on hospitality and community.
- Benefits: Competitive salary, remote work options, and a supportive team environment.
- Other info: Dynamic workplace with opportunities for professional growth and development.
- Why this job: Join a creative team and contribute to impactful design projects worldwide.
- Qualifications: Bachelor’s degree in accounting or finance and 3 years of relevant experience.
The predicted salary is between 40000 - 50000 £ per year.
ABOUT WATG
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.
- Prepares mobilization invoices.
- 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.
- Minimum of 3 years of experience in a mid-sized professional services organization with project (revenue) accounting duties.
- 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.
*Please include a copy of your CV to be considered for this position. WATG is an Equal Opportunity Employer.
Project Accountant in London employer: WATG
Contact Detail:
WATG Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Accountant in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend events, and engage on platforms like LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching WATG and understanding their projects and values. Show us that you’re not just another candidate; demonstrate your passion for hospitality design and how you can contribute to our mission.
✨Tip Number 3
Practice your interview skills with a friend or mentor. Get comfortable talking about your experience and how it relates to the Project Accountant role. The more you practice, the more confident you’ll feel when it’s time to shine!
✨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, we love seeing candidates who take the initiative to connect directly with us.
We think you need these skills to ace Project Accountant in London
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, especially any work with contracts and accounts receivable. We want to see how your skills align with what we do at WATG!
Showcase Your Skills: Don’t forget to showcase your proficiency in Microsoft Office and any accounting software you’ve used. If you have experience with ERP systems like BST, make it known! We love seeing candidates who are tech-savvy.
Be Clear and Concise: When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read. We appreciate straightforward communication, especially in a role that requires excellent written skills.
Apply Through Our Website: Finally, make sure to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the position. We can’t wait to see what you bring to the table!
How to prepare for a job interview at WATG
✨Know Your Numbers
As a Project Accountant, you'll be dealing with financial details daily. Brush up on key accounting principles and be ready to discuss how you've handled project setups, client billings, and accounts payable in your previous roles. This will show that you understand the core responsibilities of the position.
✨Familiarise Yourself with WATG
Do some homework on WATG's projects and values. Understanding their approach to hospitality design and community focus will help you align your answers with their ethos. Mention specific projects or initiatives that resonate with you during the interview.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific accounting scenarios, like managing cash receipts or resolving discrepancies. Think of examples from your past experience where you successfully navigated similar challenges, and be ready to share those stories.
✨Show Your Team Spirit
WATG values teamwork, so be prepared to discuss how you've collaborated with others in your previous roles. Highlight instances where you worked closely with project managers or other departments to ensure project health and compliance, showcasing your interpersonal skills.