Jobs in Penny Pot

We are seeking an Assistant Project Accountant to support financial control and project accounting activities across a diverse portfolio of contracts and service delivery streams. This is a hands-on role within a growing finance function, offering exposure to revenue recognition, contract accounting, project reporting, and month-end accounting in a dynamic project-led environment.

Salary: £27,000 - £29,000 per annum.

The successful candidate will play a key role in ensuring the accuracy of project financial reporting, maintaining contract accounting schedules, supporting month-end close processes, and partnering with operational stakeholders to improve financial visibility across the business.

Key Responsibilities

Prepare monthly revenue recognition calculations and contract accounting schedules, including WIP, accrued and deferred revenue.
Support project accounting activities, ensuring costs, margins, and contract positions are accurately recorded and maintained.
Prepare month-end journals, accruals, reconciliations, and balance sheet reviews across project-related accounts.
Maintain project financial data, ensuring transactions are allocated correctly and financial records remain accurate.
Produce project reporting and supporting analysis, including P&L and balance sheet reporting.
Monitor timesheet completion and support utilisation and time recovery reporting across the business.
Raise customer invoices, process credit notes, and support query resolution alongside Credit Control.
Support project setup and closure activities, ensuring financial structures and controls are in place.
Assist with audit requirements and preparation of year-end supporting documentation.
Identify opportunities to improve processes, controls, and reporting efficiencies.

Requirements

Part-qualified or fully qualified ACA, ACCA, CIMA, or equivalent, or qualified by experience.
Strong understanding of double-entry bookkeeping, accruals accounting, and balance sheet reconciliations.
Experience within project-based, contract, engineering, construction, manufacturing, or professional services environments.
Understanding of revenue recognition and contract accounting principles.
Experience working with ERP systems and strong Excel skills.
Comfortable handling large volumes of financial data and producing accurate reporting.
Strong communication skills with the ability to work effectively with both finance and non-finance stakeholders.
Ability to manage multiple priorities and work to tight month-end deadlines.

Desirable

Experience of percentage-of-completion or long-term contract accounting.
Exposure to project costing, WIP accounting, and contract asset/liability reporting.
Experience supporting external audits and year-end processes.
Knowledge of FRS 102, IFRS, or other relevant accounting standards.
Experience within a growing or fast-paced business environment.

Personal Attributes

Highly organised with excellent attention to detail.
Curious and analytical approach to financial data.
Proactive and persistent in resolving issues and obtaining information.
Collaborative team player with strong stakeholder management skills.
Continuous improvement mindset with an interest in process optimisation.This is an excellent opportunity for an ambitious accounting professional to develop specialist project accounting expertise within a commercial and growing organisation, while gaining exposure to complex contract accounting and business partnering activities.

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