Senior Project Accountant

Other Source

Source: Other Source

Views: 608|Published on: May 14, 2024

Accounting / Finance

Mid Level

Vacancy: 1

Experience: Not Required|

Job Description

Roles and responsibilities of this job

About the job

About the role

Function of Dept

The Finance function’s role is to provide a complete accounting and financial management service to enable the Board and Management to meet statutory requirements and exercise effective financial control over the Crown Agents businesses

Job Purpose

Reports to the Head of Project Accounting. The role is responsible for supporting Project Managers to manage project finances and for performing month-end project accounting tasks. As a qualified accountant you will use your accounting knowledge to improve all forms of project reporting and assist finance leadership in continuous process improvement. As a Senior Project Accountant, you will be required to take on greater leadership of cross cutting initiatives that improve processes or other projects to improve performance, and to manage Project Accountants and / or Junior Project Accountants in the Project Accounting Team

Responsibilities

Project Finance

Prepare high quality and timely monthly financial reports to clients

Supporting Project Managers in day to day project finance management

Facilitate the preparation of monthly invoices to be sent to clients along with the financial and spend reports

Understanding and interpreting the month’s performance with insightful commentary on variances of programme spend

Monitor programme budgets and ensure funds are allocated to agreed budget lines

In coordination with Programme Managers prepare robust and timely financial forecasting

Work with the programme’s Procurement and in country finance teams to prepare forecasting and support the end to end finance processes

Review and analyse changes to programme budget in line with corporate and client requirements, proactively identify risks and propose mitigations

Perform an advisory role to PM, PD and Procurement team on budgets and FX

Join internal and client meetings to lead on programme finance discussion

Develop systems and processes to ensure efficient and effective management of project finances and reporting, including monitoring spend against implementation plans/projections

Ensure all project related documentations, including audit trail are appropriately stored

Lead on project audits both internally and externally

Provide oversight and support to the Regional Finance Managers to ensure that forecasts are accurate and realistic, adjusting for risk if needed so that variance against monthly forecasts are minimal

Manage Project Accountants and Junior Project Accountants in the exercise of their responsibilities

Corporate Finance

Ensure appropriate project accounting from inception to closure

Ensuring robust forecasting is undertaken

Ensuring accurate and consistent journals are posted in accordance with revenue recognition policy.

Working with Project Managers to complete project submission forms and provide commentary on variances/risk

Processing project submission forms in a timely and efficient manner

Reconciling information on the project accounting system (T&E) to the Accounting system (SUN) and resolving discrepancies

Active engagement in monthly practice review meetings

Meeting audit requirements.

Balance sheet reporting is consistent and accurate

Ensuring Project budgets are on the system

General

Support implementation of best practice processes

Undertaking any necessary training associated with the duties of the post and participates in training and development procedures

Complying with Company Health and Safety policies and legislation

About you

Skills and Qualifications

Qualified Accountant or equivalent working experience

Experience of working effectively where strong organisational skills are required

Demonstrate a robust and commercial mindset

Strong understanding of technical accounting as it relates to projects

Work effectively with people across all levels

Able to spot errors and/or anomalies and highlight and quantify risks and opportunities

Knowledge of process from data inputs and system interfaces through to preparation of management accounts (P&L and supplementary analysis, balance sheet and cash flow statements)

Understanding of budget/forecast processes and tools. Able to support and guide users in the preparation of project budgets and forecasts

Use all tools at disposal to provide analysis and to present it clearly to project managers

Interprets stakeholder needs and expectations to build working relationships and deliver appropriate solutions

Ability to communicate well in a multi-stakeholder environment, as well has having excellent written communication skills

Full knowledge of accounting for long term projects under FRS102, revenue recognition, provisions, bad debts, milestones, cost plus, % stage of completion

Understands the importance of identifying ways to improve processes and maintain a continuous improvement mind-set

Confident in the use of accounting systems and willingness to work on the enhancement of existing systems and processes

Crown Agents is piloting certain provisions of the Misconduct Disclosure Scheme (MDS), hence will request information from the applicant’s previous employers relating to any findings of sexual misconduct during employment, or incidents involving the applicant under investigation when the applicant left employment. By submitting an application, the applicant confirms understanding of these recruitment procedures.

Function of Dept

Job Purpose

Responsibilities

Project Finance