Our client is based in Romford, Essex. Due to an upturn in business, a need has arisen for a Project Cost Accountant. You will be reporting to the Finance Director and working alongside the Management Accountant.
Primary Responsibilities:
- Maintaining & Producing the Orderbook monthly
- Using the Orderbook to forecast revenue by month and year
- Review of the WIP & Accrued Revenue schedule to identify exceptions
- Liaise with Operations to investigate exceptions
- Recommend financial adjustments where projects fall outside of budget
- Assist with ledger journals, accruals, prepayments & production of MI
- Further duties will be given as the review procedure develops.
Orderbook
- Update the orderbook files with the 'Year-to-Date' values for revenue and
cost of sales
- Add new projects that have been entered onto Project Accounting since previous and remove any completed projects.
Revenue Forecast
- Using the updated Orderbook provide a revenue forecast for both capital works projects
- Capital Works will be the remaining value of budgeted revenue
- Service and Maintenace will be the balance of the contract remaining, monthly
- (Particular care to be taken with service contracts to ensure revenue is stable)
- Exception Reporting
- Using the updated Orderbook look for projects that appear to have gross margins below expectations or revenue that should have been raised
- Capital Works, revenue previously forecast in the period
- Service, revenue missing for a period(s)
- Investigation
- Contact the relevant Project Managers to discuss the identified exceptions
- Distinguish between timing differences and errors
This role is based in the office 5 days a week.
Salary is £40,000-£45,000 dependent on experience
Working hours 40 hours, 8am to 5pm, one hour lunch
09/09/2024
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