Project Accountant - Aberdeen

Ref: 62 Date Posted: Monday 26 Jul 2021

Vero has been exclusively appointed by a leading energy services company in Aberdeen to recruit an operationally focused accountant into this newly created role. Our client is recognised as one of the leading organisations in their sector globally, operating at the forefront of technology with a continuous drive for innovation and product development.


Following it’s acquisition by a major private equity firm, our client is building a brand new team of high performing professionals to accelerate their growth both locally and into new international markets. Due to this it’s an incredibly exciting time to join with first class career development opportunities available.


The Opportunity:


To join a global market leading organisation in a highly operational, business facing finance role at a critical time following significant private equity investment.


Role Overview:


The Project Accountant will report into the Group Finance Manager and will act as the key finance business partner to a range of stakeholders including Project Managers, Project Teams, Commercial, Statutory Auditors and various external advisors.


Areas of responsibility:


  • Works as a business partner to the Project Manager in understanding the contractual obligations in terms of production milestones and revenue recognition in accordance with IFRS 15
  • Responsible for the financial control, accounting and reporting of projects
  • Continually review and challenge project costs, ensuring cost control compliance and project risk management, identifying and reporting potential budget risks at the earliest opportunity
  • Support Commercial Team with the provision of financial data and assistance for tenders
  • Provide financial support and advice to Project Managers
  • Take ownership for inclusion of costs or taxes where changes in law have taken place


Main tasks:


  • Prepare Project Status Reports for projects, providing support to Project Managers at the monthly review meetings with directors
  • Prepare all sales invoices for the group, in accordance with the contract terms and taking account of local non-corporate taxes
  • Prepare weekly receivables report along with details of any disputes or queries
  • Prepare monthly gross margin report to include actuals and forecasts
  • Prepare accurate and timely monthly project revenue and cost accruals in accordance with the period-end timetable Maintain all balance sheet reconciliations and entries related to the projects
  • Provide monthly cash flow forecasts, supported as required with variance analysis
  • Support Project Managers in the production of Variation Orders
  • Prepare monthly man-hour report in agreed format and issue to Project Managers
  • Provide all project related information to statutory auditors as requested
  • Provide input on project related financials for the inclusion in local tax filings
  • Other ad-hoc activities as required


Who are we looking for:


  • Qualified accountant preferred, although strong consideration given to part or qualified by experience applicants with relevant skills
  • Extensive experience in an operational finance position
  • Proven track record of identifying and implementing improvements, particularly in strengthening financial controls and reducing business risk
  • Self-motivated, able to work alone and as part of a team
  • Flexible and able to meet tight deadlines
  • Excellent communication and interpersonal skills
  • Willing and demonstrable ability to take ownership and responsibility


In return our client is offering a very competitive salary and benefits package. Hybrid office and home work is also available.


To discuss further or to note interest please apply below.