Project Cost Control Accountant - Imperial Workforce : Job Details

Project Cost Control Accountant

Blyth - 2 days working from home, 3 days office based

Flexible hours Monday to Friday

Negotiable Salary

The Cost Engineer would be responsible for the project costing function on key projects; providing project cost management information to the key stakeholders and the monitoring, controlling, and forecasting of the costs during the Project lifecycle.

The Cost Engineer would develop the role further in acting as the crucial link between projects and the company’s finance and treasury departments by timely and accurate project financial planning, forecasting, budgeting and modelling.

• Ensure timely and accurate reporting to all stakeholders, including; AC, ETC, EAC, variance analysis, risk analysis, threats and opportunities, forecast by general ledger, accruals, and cash flow forecast.
• Ensure the timely flow of information for reporting purposes, including; data collection (POs, purchase invoices, timesheets, schedule of works, day rates, DPRs, contracts, subcontracts, etc.) and liaising with project departments.
• Assisting with the delivery weekly and monthly updates to key stakeholders as required, including minutes and action items.
• Weekly and monthly cost reports (cashflow, actual costs to date, forecasting)
• Liaising internally with project managers, department heads and budget holders
• Data manipulation analysis
• Ensuring data is correct and accurately input into the CMS for projects; reviewing labour summaries, reviewing project Pos, supplier invoices, project schedule, day rate build up etc
• Inclusion and participation in monthly project cost review meetings
• Assist with the development, management, and maintenance of an appropriate cost model system to ensure timely, well-adapted, and accurate reporting
• Assist with the implementation of a business intelligence tool and dashboard reports.
• Assisting with ensuring approved procedures are in place, adhered to, appropriate, and are maintained.
• Complete and communicate tender feedback forms to the commercial department promptly.
• Manage cash flow, reporting, and liaising with treasury on cash flow forecasting.
• Collaborating directly with the finance department in ensuring the efficient flow of critical data to ensure the accurate and timely company month-end reporting and forecasting.
• Ensure relevant reporting of data related to VOs
• Monitor KPIs and identify the cause of any unexpected variances.
• Develop and continually improve project budgeting, financial projections, and operating forecasts
• Ad-hoc business performance reporting.
• Develop financial models and analyse them to support strategic initiatives.

Requirements

• Timely and accurate completion of weekly and monthly cost reports
• Timely and accurate flow of information
• Adequately resourced function
• Engage with Project Managers, the Project Team and Contractors to attain accurate project forecast
• Management of the Cost Management System