Project Accountant
South East Water
Reporting to the Financial Performance Manager, you will be responsible for acting as a supporting project accountant to senior programme and delivery manager teams.
In this 1 year fixed term contract role, you will be accountable for helping to manage and track the costs of major projects and/or enhancement schemes.
You will collaborate with and support senior managers and the project teams to deliver operational and financial efficiencies through monitoring expenditure, conducting variance analysis, and providing solutions to optimise financial management.
This ensures you can help the programmes of work manage their costs effectively whilst improving efficiency in a complex and evolving industry.
***Please note, this is a one year fixed term contract***
Main responsibilities:
- Support financial planning, budgeting and forecasting processes to align with corporate targets, internal controls and compliance with all regulatory standards.
- Provide financial analysis with insightful commentary to influence key business decisions, enhance operational efficiency and optimise financial performance across the business.
- Track and analyse financial key performance indicators (KPIs) and metrics, supporting insights that drive accountability and continuous improvement.
- Support value creation by providing financial and commercial support during contract negotiations and the execution of commercial deliverables.
- Help develop full project financial lifecycle plans and providing synergy solutions between initiatives.
- Help support the costing and valuing of SoWs and raising subsequent Purchase Orders in collaboration with project managers, procurement, and external suppliers to effectively manage costs.
- Support key business transformation initiatives, including digital and automation projects, to enhance reporting capabilities and operational financial efficiency.
- Act as a trusted financial advisor to senior management and cross-functional teams, translating complex financial data into manageable financial actions.
- Ensure the integrity of financial data and systems by maintaining a robust internal controls framework, and ensure strict compliance with all regulatory and accounting standards.
- Help maintain meticulous records, managing the invoice query process and ensuring accurate cost coding.
- Proactively collaborate with internal and external auditors to manage and mitigate financial risks, ensuring transparency and accuracy in all financial reporting.
- Advise and educate the finance team and wider business, fostering a culture of innovation, continuous improvement and professional growth.
- Supporting the finance team in adapting processes with new tools & technology to optimise and drive productive ways of working.
- Elevate the organisation's financial acumen by helping to design and deliver targeted training programs.
Skills / Qualifications / Experience
- Bachelor's degree in Accounting & Finance,Part-Qualified Accountant (CIMA, ACCA, ACA) or Qualified by Experience.
- Good understanding and knowledge of IAS 16 & IAS 38 pertaining to the recognition, measurement and disclosure of assets in financial statements.
- The ability to review financial data, conduct in-depth variance analysis and leverage expertise in tools like Workday Finance with advanced Excel (and Google Sheets) to translate and present large datasets into clear actionable business insights for senior project & programme managers.
- Good verbal and written communication skills to present financial information with authority and confidence, enabling you to clearly and simply convey key variance commentary that is transparent for senior leaders.
- The ability to ensure budget compliance via strong reporting and analytical skills. Tracking actual costs against forecasts whilst providing potential solutions for savings and identifying any potential overspends.
- The ability to monitor and control costs and to anticipate future challenges and opportunities and develop a proactive, solutions-oriented mindset to solve complex problems and navigate ambiguity whilst ensuring that your client group is kept informed, involved and supported in their projects.
- An ability to build strong relationships, influence key stakeholders and negotiate effectively without direct authority, acting as a trusted project advisor to the programme management office.
- The ability to support the delivery of projects, including finance transformation, finance process improvement initiatives and system implementations, by helping to support and drive the change.
- Support major project initiatives and/or enhancement schemes, helping to track and follow up on cost saving initiatives.
- An understanding of Lean and Six Sigma methodologies to help identify and implement process improvements that drive financial efficiency.
- Experience in a junior cost controller role, driving key business decisions and influencing the optimisation of financial performance.
- An ability to support end-to-end financial planning cycles, including annual budgeting and rolling month forecasts with variance analysis.
- Experience in supporting projects to improve efficiency and reduce costs, including multiple process improvement initiatives.
- An ability to ensure compliance with procurement processes and helping to manage vendor invoices within tolerance levels.
- An ability to collaborate and synergize within the department whilst supporting a high-performance culture across the programmes.
We know the communities we serve are diverse. We recognise creativity comes from diversity not similarity. That's why we are enthusiastic about creating inclusion across age, race, gender, ethnicity, religion and identity. You will experience our dedication to equal opportunities and fair treatment for all: through your recruitment, employment and career progression with South East Water.
Benefits package:
- Excellent Stakeholder pension scheme, up to 10% employer contribution.
- 5 weeks holiday plus bank holidays per annum, increasing to 6 weeks with length of service.
- Flexible annual leave policy to buy or sell holiday leave.
- Paid volunteering days.
- Cycle to work scheme.
- Health cash plan.
- Life assurance.
- Wellbeing related benefits.
- To apply for this position, please submit your CV on our career's website.
- It is necessary for you to have the legal right to work in the UK when you begin employment with South East Water.
- Additionally, as part of the employment offer, you will need to pass background, identity, and employment referencing checks.
South East Water kindly asks that recruitment agencies refrain from submitting CVs to our employees or associates without explicit invitation from our HR Resourcing team. CVs sent on a speculative basis will not be acknowledged and will not assume any responsibility for fees or commissions in the event that we hire a candidate who applied directly or subsequently introduced by an instructed agency.
Compensation package:
£45,000 - £55,000 p.a. (dependent on experience)
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