Assistant Project Accountant

Recruiter
Siemens Public Limited Company
Location
Derby
Posted
28 Sep 2017
Closes
03 Nov 2017
Sector
Accountancy
Contract Type
Permanent
Hours
Full Time
From our Rail Automation entity, Siemens are looking to recruit an Assistant Project Accountant. This role will be responsible for the financial management of project delivery within theCentral Portfolio. What are my responsibilities? Project Forecasting and Reporting - Review and analyse project actual and forecast spend to support Work Package Managers (WPM) and the Project Manager (PM) in the financial control and forecasting of their budgets - Analyse new project forecasts, developing a view on robustness, timing, risk and opportunity. Review and, if necessary, challenge with both WPM and PM before finalising - Ensuring all change is properly incorporated in cost and value, including approvals for submitting contract variations and including unagreed variations in forecast final value - Maintain for each project the P&L, balance sheet, order book and cashflow on behalf of the PM - Completion of financial elements of the PDR. Support the PM in overall review of the PDR and attend the monthly PDR meeting - Working with other parts of the project team as necessary eg Commercial function, prepare project reporting to the client where required - If dealing with cost reimbursable contracts, ensure all project audit requirements are dealt with in a timely and professional manner Functional Reporting and Forecasting - Ensure all project reports and forecasts are submitted to Central Finance on time, accurate, and are understood and approved, where necessary, by the PM and Regional Finance Manager - Provide meaningful supporting commentary where required or necessary - Act as the independent conscience of the project ensuring the integrity of the financial status and forecast, escalating issues or concerns where necessary Month End - Review and amend, where necessary, project accruals related to internal and agency staff, materials, expenses and major subcontractors - Ensure the correct trading margin % and verify the traded position - Provide commentary on traded position and financial status/movement where necessary Accounts Receivable - Manage or support the set up, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger - Actively monitor the payment cycle ensuring any required actions are taken to maximize the cash position - If dealing with cost reimbursable contracts, ensure timely and accurate provision of all supporting information to enable issuing, approval and payment of project milestones in a timely manner Other Responsibilities - Maintenance of the project within the Project Ledger - Compliance with all Group accounting policies, but in particular with the long term contract accounting policy - Aim to continuously improve financial processes and systems - Support ad hoc activities and projects where required What do I need to qualify for this job? - Working towardsCIMA/ACCA or equivalent (essential) - Experience of working in a complex engineering, contracting or manufacturing environment (essential) - Experience of working in multi-discipline teams (essential) - Intermediate Microsoft Excel user (essential) and SAP experience is desirable - Basic understanding of management accounting including experience processing timesheets and reconciliation - Basic understanding of forecasting and month end procedures TheSiemens Mobility Division with approximately 3,500 employees, focuses on sustainable technologies for metropolitan areas and their infrastructures. Its offering includes products, systems and solutions for intelligent traffic management, rail-bound transportation, smart grids, energy efficient buildings, and safety and security. The Division comprises the divisions Rail Systems, Rail Automation, Traffic Solutions, and Rail Electrification. #Li-VH1 How do I apply? We are looking forward to receiving your online application. Please ensure you complete all areas, of the application form, to the best of your ability as we will use this data to review your suitability for the role. What else do I need to know? Siemens is dedicated to quality, equality, and valuing diversity, and we welcome applications that reflect the diversity of the communities within which we work. The Siemens Mobility Division with approximately 90,000 employees, focuses on sustainable technologies for metropolitan areas and their infrastructures. Its offering includes products, systems and solutions for intelligent traffic management, rail-bound transportation, smart grids, energy efficient buildings, and safety and security. The Division comprises the divisions Rail Systems, Rail Automation, Traffic Solutions, Rail Electrification and Edinburgh Tram. Siemens offers a comprehensive reward package which includes a competitive basic salary, bonus scheme, generous holiday allowance and pension. Through our flexible benefits scheme you can select benefits that best suit your lifestyle, including private healthcare.
This job was originally posted as www.jobsite.co.uk/job/959207105