Senior Project Accountant

About the Role

Responsibilities

Revenue Delivery, Billing and Cash Collection

• Understand all customer contracts, deliverables, milestones and payment terms.
• Maintain a schedule of project milestones, invoicing and expected cash receipts.
• Ensure customer invoices are raised accurately and promptly in accordance with contractual terms.
• Support weekly cash flow forecasting by maintaining revenue and collection forecasts.
• Work with Programme Managers and Customer Success teams to ensure delivery milestones are documented and invoiced.
• Monitor aged debtors and assist with customer collections.

Project Accounting and Revenue Recognition

• Prepare monthly revenue recognition journals in accordance with delivered project milestones.
• Maintain reconciliations of accrued and deferred income.
• Support monthly contract reviews to ensure revenue and costs are recognised appropriately.
• Assist with project forecasting and estimate-at-completion reviews.

Project Profitability and Commercial Reporting

• Produce monthly project P&Ls.
• Partner with Project Managers to review actual performance against budget.
• Investigate and resolve misallocated costs and revenue.
• Deliver monthly profitability reporting including variance analysis and key risks.
• Develop labour cost allocation methodologies using timesheet and resource utilisation data.
• Support commercial decision-making through financial analysis of contracts and project performance.

Inventory, Manufacturing and Cost Control

• Maintain accurate inventory valuation and stock reconciliations.
• Work with Manufacturing and Supply Chain teams to improve stock control processes.
• Support implementation and maintenance of BOMs and standard costing methodologies.
• Analyse inventory movements, WIP and obsolete stock.
• Review project material costs and ensure costs are allocated accurately to projects.
• Develop reporting to improve visibility of inventory, project costs and gross margin.

Systems and Process Improvement

• Support development of project accounting processes within Xero and future ERP systems.
• Improve financial controls around purchasing, inventory, project costing and revenue recognition.
• Develop reporting and dashboards for project performance, cash flow and inventory.
• Assist with ERP and finance system implementations where required.

Statutory Reporting and Audit Support

• Support year-end statutory audits and preparation of audit schedules.
• Maintain balance sheet reconciliations and supporting documentation.
• Assist with preparation of statutory accounts information.
• Ensure financial records are maintained to audit standard.
• Support internal control improvements and compliance initiatives.

Research & Development (R&D)

• Maintain supporting records for R&D expenditure claims.
• Work with Engineering and Programme teams to capture qualifying activities and costs.
• Assist in preparation of annual R&D tax relief submissions.
• Support responses to HMRC or advisor queries.

Qualifications

• Qualified or part-qualified accountant (ACA, ACCA, CIMA).
• Experience in project accounting, management accounting or audit.
• Strong understanding of revenue recognition and balance sheet reconciliations.
• Experience working with operational teams.
• Advanced Excel skills.

Required Skills

• Practice or audit background.
• Manufacturing, aerospace, engineering or technology experience.
• Inventory accounting and stock control experience.
• Standard costing and BOM experience.
• ERP implementation or systems improvement experience.

Pay range and compensation package

Pay range or salary or compensation.

Equal Opportunity Statement

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