Description

Position Statement

The Project Management Accountant is responsible for overseeing the financial aspects of projects, ensuring accurate budgeting, forecasting, cost control, and financial reporting. This role acts as a bridge between finance and project teams, providing insights that support strategic decision-making and project success.

Key Responsibilities

• Develop and maintain project budgets and forecasts in collaboration with project managers/finance manager
• Monitor project costs, identify variances, and provide timely financial analysis.
• Prepare monthly project financial reports, including profit and loss statements and cash flow projections.
• Ensure compliance with internal financial controls and external regulatory requirements.
• Track and manage project billing, revenue recognition, and cost allocations.
• Participate in build kick-off sessions ensuring that relevant SLA, customer POs, etc. are in place before the commencement of projects.
• Assist the projects team to ensure quality and spec of build is per customer requirements.
• Support project audits and provide documentation as required.
• Liaise with procurement and finance teams to ensure accurate cost tracking.
• Advise project teams on financial risks and opportunities.
• Tracking of project costs against customer PO (GP tracking).
• Assist in the development of financial models for new projects or proposals.
• Assist with approvals with budget and timeline of the project objectives.
• Work with the procurement and stock team to ensure availability of stock for projects, in line with approved rate cards, also limiting excess stock.
• Ensure timely payments of sub-contractors as per project milestones.
• Review of ageing of projects with PMO finance manager to ensure accuracy and validity.
• Ensure contractor AP accounts reconciled to supplier statements at month-end.
• Tracking of retentions held.