Lead the company’s Capital Project Accounting for a significantly large asset and JV group companies. Ensure they are carried out efficiently, effectively and in line with best practice.
Client Details
The hiring company is a large organisation within the Energy & Natural Resources sector. They specialise in delivering complex projects and maintaining a strong focus on operational excellence nationwide.
Description
*Leads and manages all capital project accounting activities for the ~GBP300m revenue, ~250 employees’ facility and the Group companies comprising of TopCo, MidCo, BidCo and two other large projects.
*Liaise with Project teams throughout project life cycles ensuring accuracy of cost; that changes are understood and the implications arising from the changes; and that all commercial implications are reflected in costs to complete (e.g. warranty, performance, support, etc.)
*Work on project forecasts and monitor performance of projects against budget/ forecast.
*Prepare and review of monthly project submissions for Actuals and Forecast on an IFRS basis.
*Ensures that the business units’ capital project financial results are reported in an accurate and timely (monthly) manner.
*Proactively contribute improvements to the project management financial forecasting processes to aid consistency, integrity and clarity.
*Ensure the business software (Tier 2) is used efficiently, effectively and in line with best practice, especially with regard to reporting.
*Ensures the accurate and consistent keeping of Project accounting records to ensure they are in accordance with group policies and accepted UK and IFRS standards
*Develops and implements adequate systems of internal controls (including reconciliations) along with monitoring and updating operational and financial systems, policies and procedures to protect the assets of the operations and to ensure compliance with internal control requirements.
*Ensure that project performance reviews take place including understanding and challenging the estimated cost to complete for all projects
*Act as the main point of contact to external auditors on project accounting matters and provide all required information.
*Collation and preparation of company management data, including performing monthly analysis to explain variances for cost performance and Balance Sheet (CIP, WIP, Debtors, Creditors) versus plan, forecast and prior year.
*Recommends initiatives (growth, improvements and reallocations) to maximize the business units and company’s operating performance.
*Communicates management information on a timely basis through ongoing reporting, monitoring and analysis of the historical and forecast Project financial results. Communicates the Project financial results to the managers, supervisors and employees.
*Ensuring adherence to targeted financial and non-financial objectives.
*Drives Business Managers to identify improvements related to cost reductions or margin improvement opportunities.
*Liaise with Group staff on reporting requirements
*Take part in ad-hoc company tasks including financial impact from early termination of projects.
*Provides leadership and direction to the Project finance departments for future development through commitment to the philosophy of continuous improvement.
*Empowers employees to achieve business objectives with a sense of urgency and leveraging change when possible.
*Creates and maintains a productive work environment with appropriate communication and involvement by all staff
*Selects, trains, motivates, mentors and directs the Project accounting staff to ensure effective departmental operation.
Profile
*A minimum of 5 years’ experience in project accounting
*Proven project accounting knowledge (long term contract) or desire to learn more
*Experience of PE reporting environment and/or US Corporate reporting requirements preferred
*Experience of working in a SME scaled business and large company environments
*Sound and up to date knowledge of UKGAAP and International Financial Reporting Standards (IFRS)
*Proficiency with integrated business software (Tier 2) preferably experience with project accounting
Job Offer
*Competitive salary
*Generous bonus
*Pension
*Health benefits