< Back

Project Accountant

  • Location:

    London, England

  • Sector:

    Accounting & Finance

  • Job type:

    Interim

  • Salary:

    £300 - £400 per day

  • Contact:

    Cobalt Recruitment

  • Contact email:

    info@cobaltrecruitment.com

  • Job ref:

    JN -062021-73735_1624382241

  • Published:

    22 June 2021

  • Expiry date:

    21 August 2021

Our client is one of the most exciting real estate developers that we deal with. From the unique brand to the innovative concepts and products that they take to market this business is different from others in its space, with its foundations firmly rooted in the real estate and property market.

The successful candidate will be assisting on a great project, working very closely with the real estate teams to update cash flow models. The project accountant will also be responsible for development drawdowns at a very exciting and transformative period for the business!

Principal duties and responsibilities

  • Accounting and regular reporting for a range of projects and joint ventures, including reviewing information produced by JVs or other external parties

  • Liaising with joint venture, funding partners, external auditors and attending regular project team meetings

  • Working, advising and business partnering with the internal project teams

  • Working with the real estate teams to update and maintain cash flow models and reconciliations to ledgers on a monthly basis, including calculation of development and trading gains, profit shares and bonus calculations

  • Provide input in the annual statutory reporting process managed by the Operations team, including the preparation of consolidated accounts and calculating the businesses share of JV companies

  • Responsible for development drawdowns, including equity and loan requests for development facilities and forward funded projects

  • Supervising and reviewing the work of other Project Accountants and helping to raising the productivity and performance of the Project team

  • Transactional support and managing cash in and outflows for acquisitions and disposals, together with the administration of setting up new companies

  • Taking ownership of the financial aspects of projects, reviewing trial balances for companies on a monthly basis, budgeting and responsibility for delivering the group 15-month cash flow, including cash flow and profit projections

  • Support with tax compliance, statutory and legal obligations, including VAT returns managed by the Operations team

Person Specification

In addition to the already mentioned duties, the post holder is expected to carry out any other duties reasonably expected with the general level of the post

  • Commercial real estate experience with proven post qualified experience in the real estate industry

  • Good technical accounting knowledge in respect of real estate

  • Experience of producing statutory financial statements, including working papers for consolidated accounts

  • Extensive experience of debt and equity draw downs

  • Experience of Qube and Caseware desirable

  • Experience of working with teams outside of the Finance function

  • Highly organised, ability to prioritise, ability to work under pressure, multi-task and excellent attention to detail

Please get in touch ASAP if you want your CV to be sent to this role!