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Project Accountant

Job description

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PROJECT ACCOUNTANT

LONDON, UK

Our client is a well-established, UK-based, asset management firm specialising in the origination, development, investment and management of real, renewable energy and power generation assets. We are currently recruiting for a Project Accountant to join the team working on Battery Energy Storage projects, you’ll report to the Head of Development and support the Finance teams in relation to accounting, reporting, and controlling topics.

RESPONSIBILITIES:

Management of project finances:

  • Ensures the accuracy of cost and pricing calculation

  • Ensures the accuracy of project finances as well as the accurate recording and reporting of such transactions in the relevant systems, e.g., SAP

  • Attends commercial project status meetings and is responsible for updating the forecast and cost monitor accordingly

  • Prepares commercial documentation for regular project status meetings and ensures the accuracy of the commercial project data (i.e., FC, MIKA, cash flow)

  • Undertakes invoicing according to project progress and contractual terms and ensure proper payment allocation

  • Ensuring timely applications for payment from the customer are made

  • Ensures compliance with KX FRG (Financial Reporting Guidelines) and local GAAP requirements

  • Supports the Head of Developmentin the identification and reporting of non-conformance costs

Risk and claim management:

  • Together with the HODIdentifies, assesses, responds, monitors, reports, escalates all financial and commercial risks, e.g., calculation, tax, insurances, currency

  • Together with theHODattends the risk workshops and supports with the maintenance and reporting of risk within the project tools

  • Performs the credit risk analysis for potential customers & suppliers, together with Global Procurement for suppliers

Supports the CPM with compliance to standards, rules, and regulations:

  • Ensures compliance with relevant tax regulations, e.g., PATAC, NCM, PE management (tax returns, transfer pricing, delegation concepts)

  • Ensures the compliance with export control regulations

  • Ensures the compliance with hedging/currency regulations

  • Ensures proper handling of bank accounts including petty cash, if applicable

  • Ensures correct methodology for evaluation of risk and opportunities as defined, e.g., in FRG, PM guide

  • Ensures adherence of revenue recognition rules and accountancy practices, guidelines, and any specific regulations

  • Ensures the adherence to internal controls (RIC), incl. ICFR

  • For cross border projects:synchronizes contract structure with tax and delegation concept; preparation and signature of NCM mandatory documents

Collaboration:

  • Actively participate in both internal and where required external project related meetings (e.g., team members, managers, customers)

  • Builds strong relationships and cooperates closely with other individuals within the project team and within the wider business

Management of stakeholders:

  • Ensures efficient communication with all relevant internal Contract Management, Project Management, Work Package Mangers

  • Ensures proper execution of all tasks with all relevant stakeholders, i.e., SFS (e.g., financing, insurance, guarantees, currency & commodity hedging), CF (e.g., AC, Taxes, Treasury, Audit), RIC incl. OR, Legal and Compliance, HR (incl. Delegation process), ECC, Customs, external auditors etc

  • Interacts with all relevant stakeholders to ensure the execution of all issues regarding project financing

  • Monitors the performance of partners/subcontractors through the review of the cost monitor and SAP

What do we require from you:

  • Experience of financially controlling external customer projects

  • Proven experience in Accounting and Controlling, Reporting, Planning, Budgeting & Forecasting

  • Qualified accountant ACCA/ACA/CIMA or equivalent

  • Part Qualified candidates with an intention to complete the qualification will also be considered

  • Expertise in SAP and MS Office

  • Process oriented person with strong analytical skills

  • Exposure to risk management is an advantage

  • Self-organised individual with the ability to adhere to timelines

  • Accurate in work preparation and diligent in documentation

  • Strong communicator with experience of working in multi-disciplinary teams

  • Appreciation and interest for the industry we operate in

  • Progression minded individual with willingness to learn and develop

Remuneration and Rewards

  • £40,000 - £55,000 Base Salary

  • 24Days Holiday + Bank Holidays

  • Hybrid/Remote work available

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