Project Accountant

at  BAE Systems

LOCATION(S): UK, EUROPE & AFRICA : UK : GUILDFORD || UK, EUROPE & AFRICA : UK : GLOUCESTER || UK, EUROPE & AFRICA : UK : LEEDS || UK, EUROPE & AFRICA : UK : LONDON

BAE Systems Digital Intelligence is home to 4,500 digital, cyber and intelligence experts. We work collaboratively across 10 countries to collect, connect and understand complex data, so that governments, nation states, armed forces and commercial businesses can unlock digital advantage in the most demanding environments.
As the Project Accountant within the Project Performance team you will have responsibility for ensuring the delivery of timely, accurate and insightful project and management financial information to business and finance stakeholders. You will partner effectively with Business Unit Delivery leads and BU Finance Business Partners to ensure that accounting and reporting of project performance is efficient and effective. You will be responsible for reviewing the outputs of other team members and coaching team members where necessary.
This role will support our International Government business, which provides differentiated technology-based solutions which enable Government organisations across the world to find and stop threats, manage risks and operate securely and effectively in the digital world.

Core Duties / Key Accountabilities:oCore Duties / Key Accountabilities re Duties / Key Accountabilities

• Act as a trusted advisor to the business
• Deliver and review outputs of project accounting financial processes:

o Project set-up – ensure appropriate consideration of IFRS15 revenue recognition in the set-up of all new projects and use of accounting structures to optimise financial information
o Project forecasting – work collaboratively with BU stakeholders to ensure the requirements for financial forecasting on projects are understood and delivered
o Orderbook – own the monthly orderbook reconciliation process and associated analysis of backlog and secured revenue profile
o Project trading – ensure there is an appropriate process for using project forecasts to inform the trading of project revenue and gross margin with review and validation with business stakeholders

o Reporting and analysis – ensure insightful financial reporting of project performance using the SSR and other reporting mechanisms as appropriate

• Management and Project Accounting - manage month-end process to create project and business area P&L, BS and Cash Flow and present this information to leaders
• Management Reporting - review first draft financial / management reporting for use with business stakeholders
• Budgeting/Forecasting - provide support to Finance Business Partners in terms of historic financials and inputting into financial models
• Cash flow and Management – oversee interface into Shared Services team to ensure bills raised in a timely manner; work with business stakeholders to drive cash collection
• Financial Control - take ownership and responsibility for reviewing/approving reconciliations including order book, project and business area financial reconciliations (e.g. working capital, SSR)

Other adhoc tasks as required
Qualifications: ACCA / CIMA / ACA Qualified
Location - This role will be hybrid and ideally based out of our Guildford office but we can also consider Leeds, London or Gloucester

• Act as a trusted advisor to the business
• Deliver and review outputs of project accounting financial processes