Finance Project Accountant - AMEC

About the Role
This position involves financial control of assigned projects, working closely with the Project Manager to secure and enhance project profit forecasts and cash curves. The successful candidate will be responsible for providing visibility and control of working capital, forecasting financial performance, and ensuring effective financial close-out of projects, with a focus on operational excellence and risk reduction.

Accountabilities

• Accountable for the financial control of assigned projects, collaborating with the Project Manager to enhance the “As Mobilised” forecast Gross Profit and cash flow.
• Provide clear visibility and control of project working capital, including Accrued Income, Accounts Receivables, Work in Progress (WIP), Goods Received Not Invoiced (GRNI), and Accounts Payable.

Prior to Project Mobilization

• Collaborate with the Project Manager to understand key contractual terms and assumptions in the “As Bid” Gross Profit forecast.
• Ensure clarity regarding budget elements between internal and external labor required for project delivery.
• Verify the identification of necessary equipment and logistics to forecast project costs reliably.
• Establish and maintain project revenue and cost baseline, submitting differences for approval as necessary.
• Manage the creation of customer sales orders and job codes in Navision, ensuring compliance with revenue and cost budgets.
• Ensure accurate financial inputs into Mercury and BFT before project execution.
• Oversee timesheet and purchase records throughout the project execution phase.
• Work with invoicing coordinators for timely approvals and invoicing of completed work.
• Ensure monthly project performance sign-off includes key performance indicators.
• Maintain project financial forecast integrity throughout the lifecycle, ensuring reconciliation of various software systems.
• Ensure effective financial close-out and archiving of project financial documentation.

Responsibilities

• Monitor project commitments, accruals, contingencies, and management reserves.
• Support cost forecasting and monitor project financial performance against budget/forecast, identifying variances.
• Implement cost control measures as necessary and participate in deep-dive project reviews.
• Collaborate with business line teams for accurate variance explanations and client rate charges.
• Ensure timely monthly close with accurate reversals, analyses of timesheets, and supplier invoices.
• Manage revenue recognition per applicable accounting standards and contract terms.
• Provide comprehensive GP analysis and prepare KPIs for project performance reporting.
• Conduct profitability reporting for projects and support management decision-making in risk management.
• Ensure clarity on client disputes and support collections efforts.
• Process financial journals and maintain data integrity across systems; support audits and financial governance.
• Execute financial close-out processes, maintaining documentation for audit, legal, and compliance purposes.
• Address escalated issues regarding service delivery and liaise with various teams for resolution.

Experience Requirements

• Essential:
  • Higher educational qualifications, CA/CIMA equivalent.
  • Previous experience in a business partnering role in a medium-sized organization.
  • Comprehensive knowledge of accounting team operations and integrated ERP systems.
  • Proficient in Microsoft Excel.
• Preferred:
  • Further education qualifications.
  • Experience in organizations undergoing rapid change.

Anticipated Skills

• Technical Discipline Expertise:
  • 3-5 years of accounting experience in a project environment.
  • Experience managing long-term contracts.
• People & Communication:
  • Fluently convey information and clarify project details.
  • Establish relationships with various teams including Project Managers and procurement.
• Problem Solving & Decision Making:
  • Ability to condense complex information into actionable insights.