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Project Accountant

Central London,
£70,000 - £75,000


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My client are a Multi-National Construction Company based in Central London and are looking for a Project Accountant on a 15 month contract to cover maternity.


  • Ensure that budgets are in place for all development works and that sign-off is obtained before expenditure is committed.
  • Review project feasibilities and check that these align to legal contractual structures.
  • In liaison with the Development Analyst, monitor the actual costs incurred against the feasibility and highlight any variances.
  • Ensure variances are investigated and resolved promptly with the appropriate approvals.
  • Review the monthly Design and Construction cost report and critically assess the accuracy and completeness of the information provided including total forecast cost, budget and any risks and opportunities.
  • Liaise closely with and support the Design and Construction team to allow accurate reporting of accruals and cash forecasts.
  • Assist senior commercial and development staff with their queries as well as provide other internal departments with cost reporting information as required.
  • Preparation of monthly cost and income accruals, and monthly project funding requests.
  • Review and appraisal of the spend to date and forecast ensuring reasonableness of spend on a residential block by block basis.
  • Provide input into the business planning and process ensuring profit release is aligned to accounting standards.
  • Identifying and reporting of departmental / project Risks and Opportunities.
  • Challenge the status quo and continuously make innovative improvements to system and reporting processes.
  • Assist with the preparation of the business strategy by collating project data into a workable position so that ongoing reporting becomes as automated as possible.
  • Provide detail and support the Development team with any Joint Venture Reporting.
  • Other ad-hoc project support and analysis as and when required.
  • Work closely with Central Finance, Development Analysts and other operational departments to ensure project financial data reported is complete, accurate and presented in a timely manner.
  • Provide accurate and timely information to all key stakeholders in respect of project financial data as required.
  • Working with the Tax team, provide support and advice on the VAT status of construction works.
  • Provide significant project support in respect of new system roll-out.
  • Provide ad-hoc support for any other projects as and when they arise.

Experience, Knowledge & Qualifications:

  • ACCA/CIMA/ACA qualified.
  • Good excel and analytical skills
  • Understanding of accounting standards
  • Demonstrable record of improving processes, procedures and existing operational systems
  • JD Edwards, SAP, BFC and Proliance experience an advantage
  • Knowledge of construction VAT rules an advantage
  • Evidence of strong communication skills
  • Sound commercial experience, ideally in a similar environment
  • Knowledge of construction accounting an advantage
  • Knowledge of CIS an advantage