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Finance Project Controller - Permanent

Ref code: AGB99100853
Finance Part Qualified, Finance Qualified
£55k - 65k per year + attractive benefits
Chesterfield, Derbyshire, England
Permanent
Hybrid Working

An exciting, project driven finance role working for a leading UK-wide, global LSE listed specialist engineering contracting business.

UK t/o - £100m

Group t/o - c.£3bn

 

About the business

I'm delighted to be working in exclusive partnership with a leading player in the engineering sector boasting a strong market share and a global footprint with a consistent, repeat customer base and profitable business model.

With Group t/o around £3bn, a strong order book and strong growth plans for the future, this is an exciting time to join the organisation following restructure.

 

About the role

You'll be joining the business working from their East-Chesterfield site with close access to the M1. The role will be underpinned by the following aspects:

  • Assist in driving improved project financial performance
  • Ensuring integrity, accuracy and consistency in financial reporting and working capital management across a portfolio of Projects and Warehouses/Yards
  • Ensuring effective financial control, project forecasting and reporting, understand variances to plan and provide support to decision-making across the entire project life cycle from bidding to close

This role demands a commercially aware individual with a firm understanding of project accounting including revenue recognition, cost management, contract agreements, billing, and financial analysis.

Key Roles and Responsibilities

Operations
Pre-contract assessment
- Input to bid submissions on risk/exceptions basis e.g. contract conditions, cost assumptions, payment terms/cash flow, fx risk, bonding etc.
- Undertake customer credit risk assessments, reviewing available credit insurance levels & exposure and proposing appropriate terms/mitigation strategies

Project maintenance
- Validate initial project budget and set up in ERP (e.g. revenue basis) on award. Oversee changes in project status in ERP

Project performance review
- Attend & input to weekly & monthly project/branch weekly financial summaries including presentation to senior management
- Analyse, investigate and explain variances to plan
- Validate weekly revenue in line with Keller policy including reconciliation to production and project manager adjustments
- Support project managers as applicable in identifying & tracking change opportunities
- Monitor/ensure completeness & accuracy of project cost (GRNI, materials, labour, equipment, expenses) including cost accruals and loss provisions
- Support project managers in ensuring quality & phasing of end forecast revenue and costs
- Monitor weekly project dashboard performance
- Accurate reporting of work in hand

Business Budgeting & forecasting
- Support project managers & branch management in preparing branch/office budgets, quarterly forecasts (and one month look forward).
- Accurate reporting of work in hand

Cash & working capital
- Monitor aged unbilled revenue, change proposals and aged/overdue cash & retentions & escalate with project managers, customers, legal team & credit insurers as required
- Assist in cash allocation for customer receipts
- Oversee periodic inventory and asset counts
- Prepare/input to weekly cash forecasts
- Support billing process such as preparing customer applications and invoices
- Coordinate, monitor and chase issuance & collection of outstanding bonds

Process discipline
- Monitor supplier invoices on hold and oversee clearance by the shared service centre / operating business
- Drive process discipline - e.g. adherence to group standards and internal controls, purchase order compliance, timely receipting, billing, forecasting

Joint Venture & Consortium accounting
- Manage JV set up and ensure compliance with reporting requirements
- Preparation of JV recharges and billing

Indirect costs
- Monitor indirect costs including equipment and labour utilisation and over/under recovery vs target

Customer
- The role will collaborate closely with project managers & site teams, procurement, finance shared services and senior branch leadership to ensure effective financial control, project forecasting and reporting, understand variances to plan and provide support to decision-making across the entire project life cycle from bidding to close-out

About you

You will come from a project-based, commercially driven finance role with a strong background in cost management.

You will ideally be a qualified accountant, however individuals with strong experience in essential areas will be welcomed to apply.

  • Strong commercial acumen
  • Challenge and influence where required
  • Strong analytical skills with ability to identify trends, interpret and explain complexity, identifying opportunities for improvement
  • Proven experience in construction project-based accounting, including tracking and managing project costs, revenue recognition, WIP and milestone billing
  • Effective communicator and strong interpersonal skills with ability to articulate financial information to project managers and other stakeholders
  • Problem solving - pro actively approach to identifying challenges & proposing solutions
  • Strong organisational, time management and presentation skills
  • Resilience - can prioritise tasks effectively and can work to deadlines under pressure.
  • Ability to manage a range of tasks across multiple stakeholders
  • Collaborative - team player and works effectively with project and operational teams
  • Flexibility - adapts to changes in business priorities, project environment and accounting next practice
  • Proficient in using ERP solutions
  • Strong Excel and analytical skills

Why join this organisation?

With an impressive global reach, this organisation offers excellent career progression opportunities for the right candidate. 

You can expect:

  • Salary up to £65,000 depending on experience 
  • Pension matched to 7%
  • 26 days + statutory holiday
  • 1 day p/w working from home, with some flexibility around working hours
  • Various other benefits in line with a company of this size (high street discounts etc)

Maximum notice periods considered are 3 months, with ideal candidates able to start sooner.

For more information and to express interest in the role, please submit your CV or contact Aj Blyth / Kerry Newham at SF Recruitment. 

Please note that full eligibility to work in the UK is required for this role, and visa sponsorship cannot be provided.

 

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AJ
Arthur (AJ) Blyth
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