Cost Accountant, FP&A Analyst, Project Cost Accountant

This role requires an experienced individual capable of managing cost performance and financial reporting in a contracting or projects environment.

Position: Management Accountants, Cost Accountants, Finance Analysts, FP&A Analysts or Project Cost Accountants

£36k to £52k depending on experience

We are recruiting a Management Accountants, Cost Accountants, Finance Analysts, FP&A Analysts or Project Cost Accountants who will be pivotal in maintaining financial control and accountability within project budgets and costs. The role requires an individual with strong analytical skills and a proactive approach to financial management in a project-based environment.

Key Responsibilities and Accountability's:

• Budget Management: Maintain and update project cost-to-complete budgets to align with the original scope and as-sold financial position, working closely with budget holders. Ensure budgets are updated to reflect actual project progress and trends.
• Forecasting and Cost Validation: Assist in estimating forecasts and validate actual costs incurred, including materials, labour, production costs, supplier invoices, and travel expenses. Ensure data accuracy in all cost records.
• Budget Challenge and Analysis: Critically assess the project's budget at completion by analysing productivity, earned value, cost ratios, and market trends. Validate the accuracy of budget estimates and identify areas for adjustment.
• Risk Mitigation and Recovery Plans: Develop recovery or mitigation plans in collaboration with project managers and functional leaders, ensuring alignment with project timelines and budgets to manage financial risks.
• Cost Control and Monitoring: Monitor and control cost fluctuations, comparing these against the current project scope, progress, and previous forecasts. Ensure all financial data reflects up-to-date information on cost movement.
• Financial Reporting and Transparency: Provide clear and transparent financial data, presenting cost status, budget deviations, and root causes at project and management reviews. Communicate financial risks and forecasts to budget holders.
• Reconciliation with Finance: Coordinate with the Finance Controller to ensure alignment between project financial data and the official books.
• Schedule Alignment and Sales Pacing: Work with the project planner to align costs and schedules, ensuring accurate time-phased cost forecasts and supporting overall sales pacing.
• Claims and Dispute Support: Provide support for claims analysis and dispute resolution, ensuring that any financial discrepancies are well-documented and justified.

Qualifications and Experience:

• Educational Requirements: Degree in Engineering (with strong financial knowledge) or Finance (with familiarity with project scopes, particularly for high-voltage substations).
• Professional Experience: can demonstrate experience in cost control, project controls, or project management, especially on large, complex, or turnkey infrastructure projects.
• Risk Management: Proficient in using risk management tools and differentiating cost estimates based on their reliability and associated risk factors.
• This role is ideal for a detail-oriented financial professional who can bring both analytical skills and practical financial oversight to our project teams. If this aligns with your expertise, we encourage you to apply.

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