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Our client is an ethical and forward-thinking engineering group. They have a proven track record to tackle bespoke engineering projects of any size in any sector from telecommunications, outdoor media, structural and architectural, floodlighting & gantries and defence and radar solutions.
With their Head office based in Braintree, Essex, and a headcount of 120 employees, they are a trusted partner to the UK’s leading mobile network operators.
They are seeking a Telecoms Project Accountant to join their dynamic finance team. This is an exciting opportunity for an enthusiastic finance professional to gain hands-on experience in project accounting within the fast-paced telecoms industry.
Key Responsibilities:
- Project Financial Management:
o Assist in the financial management of telecom projects, ensuring accurate accounting and timely reporting.
o Support in preparing project budgets, forecasts, and cost tracking for multiple telecoms projects.
o Monitor project expenditures against budgets and highlight variances to the Operations team.
- Cost Control and Analysis:
o Track project-related expenses, ensuring they align with approved budgets and contractual agreements.
o Assist in the analysis of cost trends and provide insight into cost overruns, savings, or risks.
o Work with project managers to ensure costs are properly allocated and managed throughout the project lifecycle.
- Revenue Recognition:
o Assist in the calculation and recognition of project revenue in accordance with applicable accounting standards.
o Ensure project billing is completed on time, and revenue is correctly recorded based on project milestones and customer contracts.
- Project Accounting Support:
o Assist in maintaining accurate project accounting records, including the posting of project-related invoices, costs, and revenues.
o Support month-end and year-end closing activities, including project reporting, reconciliations, and accruals.
o Support in preparing project financial statements and internal financial reports for senior management.
- Financial Reporting:
o Prepare periodic project reports including budget vs. actual, profit and loss, cash flow projections, and project performance KPIs.
o Support the preparation of financial data for internal and external audits related to telecoms projects.
o Conduct regular audits to ensure data accuracy and mitigate financial risks
o Manage internal reporting tasks to all stakeholders - management, investors, and external bodies
- Collaboration and Communication:
o Liaise with project managers, engineers, and external stakeholders to provide financial insights and updates on project status.
o Support communication between the finance team and operational teams to ensure alignment on project financial objectives.
o Assist in resolving any project-related finance issues, including queries from project teams and suppliers.
Requirements
- Qualified or working towards a professional qualification
- Knowledge of accounting principles, revenue recognition and cost management
- Proficiency in accounting software
- Previous experience in accounting/finance, with project accounting being an advantage
