Project Accountant

Job Description

Job Category : Interims
Location :County Hall, Somerset Council
Hours Per Week : 37.00
Start Date : Immediate Start
Start Time :09:00
End Time :17:30
Salary: £342.26
Job Title – Project Accountant
Directorate – Finance & Procurement
Reporting to – Strategic Finance Business Partner – Place
Role purpose
The Project Accountant at Somerset Council will be responsible for overseeing and managing financial aspects of various Economic Development Regeneration Capital projects within the council. This role involves ensuring accurate financial planning, budgeting, and reporting for these projects, while maintaining compliance with relevant regulations and standards. The postholder will collaborate with project teams to provide financial insights and support, ensuring that projects are delivered within budget and on time. This role requires a strong understanding of accounting principles, project management methodologies, and the ability to analyse financial data to inform decision-making. The postholder will play a key role in facilitating the integration of financial processes across different projects, promoting continuous improvement and efficiency in financial management practices. Additionally, the Project Accountant will be responsible for liaising with stakeholders to communicate financial performance and risks, and to develop strategies for mitigating financial issues. This position demands excellent organisational skills, attention to detail, and the ability to work effectively in a dynamic and collaborative environment.
Accountabilities
• Develop and manage capital project budgets, ensuring alignment with overall financial goals.
• Monitor projects and provide regular financial reports to stakeholders.
• Conduct financial analysis to identify trends, variances, and potential risks.
• Ensure compliance with financial regulations and council policies.
• Collaborate with project teams to provide financial guidance and support.
• Prepare and present financial performance reports to senior management.
• Prepare relevant grant applications and government returns
• Facilitate the integration of financial processes across multiple projects.
• Conduct post-project financial reviews to identify lessons learned and areas for improvement.

Knowledge
Strong understanding of accounting principles and practices.
Knowledge of project management methodologies.
Familiarity with relevant financial regulations and compliance requirements.
Knowledge of budgeting and financial planning processes
Understanding of risk management in financial contexts.
Awareness of financial software and tools used in project accounting.
Experience
Proven experience in accounting and financial management.
Experience in managing project finances.
Experience in preparing and presenting financial reports.
Experience in collaborating with cross-functional teams.
Experience in conducting financial analysis and identifying trends.
Experience in public sector financial management.
Qualifications / Registrations / Certifications
Bachelor’s degree in accounting, Finance, or related field.
Professional certification in accounting (e.g., ACCA, CIMA).
Certification in project management (e.g., PMP, PRINCE2).
Master’s degree in accounting, Finance, or Business Administration.
Additional training in financial software and tools.
Continuous professional development in accounting and project management.
Skills
Excellent analytical and problem-solving skills.
Strong organisational and time management skills.
Effective communication and presentation skills.
Ability to work collaboratively in a team environment.
Proficiency in financial software and tools.
Ability to adapt to changing project requirements and priorities.