Project Accountant Bucharest

Project Accountant
Bucureşti
Bucharest, Bucharest, Romania

Since 1998, we've been active in the Human Resources consulting market, providing regional coverage across four key areas of expertise: recruitment and selection, personnel leasing, assessment centers and consultancy. As leaders in Transylvania, we've expanded our reach to embrace a culture of continuous improvement, thereby strengthening our position in the Romanian and also regional market. This commitment underscores our dedication to evolve alongside the dynamic needs of our clients and the
- changing landscape of the business environment.

Our success stems from the professionalism of our services, the multidisciplinary expertise of our consulting team and our ongoing collaboration with those who rely on our consultancy services.

Building
- term partnerships with clients across diverse industries such as IT&C, automotive, outsourcing, pharma, banking, FMCG and more, is our primary objective.

Our commitment to client orientation, teamwork, flexibility, excellence, dedication and responsibility reflects our aim to bring added value to our services.

Responsibilities:

• Business Partnering with Project Managers, Project Delivery Teams and Senior Operations Management

• Develop strong working relationships with PMs and Ops teams through appropriate combination of face time and remote working

• Provide support to promote financial knowledge and understanding of
  - finance staff within our operations teams

• Attendance on portfolio overview meetings with Ops management

• Become trusted partner with Ops teams to help unlock complex financial issues

• Attend all project reviews in portfolio

• Proactively raise finance queries ahead of the review so that these can be clarified as part of the review process

• Partner with and challenge project teams during the review to bring clarity on project related finance issues

• Provide support to the Ops teams in preparing for Go/No Go reviews and Healthy Starts

• Early identification and understanding of movements in project portfolio KPI's to help inform Ops teams of potential financial risks / opportunities

• Communication of financial issues on projects to project teams

• Explain to the wider business (primarily Ops & Finance Leadership) potential/actual project risks & opportunities to the P&L and working capital of the end market and ensure communication is tailored and clearly articulated to this wider audience

• Expert systems user to support PM's and DPM's in use of Workbench when required

• Able to explain revenue recognition principles to
  - finance staff

• Ensuring revenue expressed across projects at month end is in line with revenue recognition rules

• Advising on impact of changes in project finances that have wider financial implications eg Loss Provisions/Write Backs and specifically understand impacts to both P&L and Balance Sheet

• Understand the impact on Revenue Recognition of any unusual contractual issues on projects

• Understand contractual agreements and implications on project set ups in Workbench

• Work with the project teams to understand any specific billing and payment requirements of contracts and project cashflows

• Identify aging Unbilled and AR positions to engage the project team in timely remedial actions

• Assist in providing guidance to Ops teams on the requirements for Do
  A approvals where business is operating at risk

• Monitor for potential breaches in Do
  A approval process

• Assist in preparation of Do
  A approval requests for month end process

• Help identify actions which may help
  - risk Do
  A positions whilst awaiting client contract T’s and C’s confirmation and contract change processes

• Meet month end deadlines to ensure timely reporting and posting of revenue events, Unbilled and Loss provisions

• Ensure consistent application of accounting standards across all projects in portfolio and support Ops teams in understanding of documentation requirements to support revenue recognition principles and SOX compliance

• Special projects and other duties as assigned

Knowledge/Experience:

• Bachelor’s degree in Economics;
• 3-4 years’ experience as a project accountant/ financial analyst/ revenue recognition accountant;

• Demonstrable experience operating in a complex, fast paced, international business environment;

• Fluent in English (oral and written);

• Strong analytical &
  - solving skills essential;

• Ability to manage details but also understand the “big picture”;

• Excellent written and verbal communication skills;

• Flexibility to work on a late shift (3PM to 11PM);

• Identifies and executes initiatives and continuous improvements;
• Extensive operations interface and collaboration.