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Project Accountant Profile
Key Achievements:
Streamlined project reporting processes, reducing preparation time by 30%.
Identified cost savings and efficiencies across projects, saving £100,000 / $120,000 annually.
Improved project financial tracking, enhancing revenue recognition and cash flow management.
Developed project dashboards and reporting templates, increasing visibility for project managers.
Assisted in recovering overdue project revenues, successfully retrieving £50,000 / $60,000.
Duties & Responsibilities:
Manage project accounting, including revenue recognition, costs, and budgets.
Prepare and review project financial statements, forecasts, and management accounts.
Track project costs, ensuring accurate allocation and coding of expenses.
Monitor project budgets and highlight variances to project managers and senior management.
Support project financial planning, including forecasting, budgeting, and cash flow analysis.
Prepare project status reports and dashboards for internal and client stakeholders.
Assist in billing, invoicing, and revenue recognition in line with project contracts.
Reconcile project accounts and intercompany transactions as necessary.
Provide ad-hoc financial analysis for project decision-making and investment evaluations.
Liaise with project managers, operations, and finance teams to ensure accurate financial reporting.
Implement and maintain internal controls, policies, and procedures for project accounting.
Support month-end and year-end close processes for project accounts.
Assist in audits, providing schedules, reconciliations, and supporting documentation.
Maintain accurate records of project-related assets, prepayments, and accruals.
Analyse project financial performance, identifying risks and opportunities.
Contribute to process improvements, enhancing efficiency and reporting accuracy.
Mentor and support junior staff on project accounting practices and reporting.
Ensure compliance with statutory, regulatory, and professional accounting standards.
Prepare ad-hoc reports and analysis for senior management and clients.
Uphold confidentiality, professional ethics, and integrity in all project accounting activities.
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