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Project Accountant

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Project Accountant

£45,000 – £49,000

Uxbridge/Hybrid

Looking for an exciting new role where no two days are the same? Want to make the role your own? Need something else than just the regular monthly routine? This could be just the role for you.

This is a newly created role for a Project Accountant to join a locally respected Not-for-Profit organisation in Uxbridge. This position has been created in recognition of the need to maximise grant funding, support applications, manage the financials (spend against budget) of a significant capital project as well as general capital expenditure. The role will support the Finance Director to develop/manage a rolling cashflow forecast for the projects.

This is an excellent opportunity to work closely with the Finance Director as well as senior leaders of the organisation to use your commercial acumen.

Detailed duties will include:

  • Accurate accounting for all projects, including establishment of required project and/or account codes in finance system to record receipt of income and/or grant funding and budgeted spend.
  • Notify stakeholders of receipt of funds and follow up status of project spend and completion.
  • Review actual expenditure against budget on a regular basis and review and discuss variances with budget holders. Prepare draft funding claims and/or expenditure returns for submission to relevant authorities.
  • Monitor and identify new opportunities for grant or other funding, provide assistance to relevant departments with preparing and submitting bids for funding.
  • Business Partnering with non-finance managers in order to develop processes and the understanding of financial requirements
  • Receive and log capital expenditure requests as part of the budget setting process, liaise with stakeholders to ensure all relevant information is received, advise on the status of requests, establish project codes if required and monitor spend against budget.
  • Ensure procurement policies and processes are adhered to, including receipt of three quotes or formal tender process depending on the estimated value of the spend.
  • Ensure actual capital expenditure is within approved budget, identify potential or actual cost overruns for review and consideration.
  • Ensure all capital expenditure is recorded in the fixed asset register and depreciated in accordance with the rates set out in the Financial Regulations.
  • Develop and maintain a rolling cashflow forecast to record expected receipt of funds and payment of capital and other project expenditure.
  • Identify minimum and maximum cash requirements and assist in developing effective cash management strategy.

In order to be successful in the role, we are looking for experience of project accounting, to be able to set up and monitor budgets for specific projects. Ideally you will have experience of managing capital projects and/or research grants from an accounting perspective.

You will have a keen eye for detail, so that grant funding is set up correctly to be not only compliant but to maximise the spend. Working with a number of senior stakeholders, excellent communication skills are paramount.

This role is based in Uxbridge and will be on site for c4 days per week though much less during quieter periods. Fantastic benefits include generous pension scheme of 20% and extremely attractive holiday entitlement of 37 days.

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