Project Accountant

4 weeks ago

Delhi, India AKM Global Full time

Required Experience and Skills· Strong knowledge of accounting principles and project accounting practices.· Excellent reconciliation and financial control skills.· Experience in pricing, costing, or bid support for projects.· Proficiency in ERP/financial systems.· Advanced Excel and financial modelling skills.· Strong attention to detail with an analytical mindset.· Effective communication and stakeholder management abilities.· Ability to prioritize and manage multiple projects simultaneously.· Bachelor’s degree in Accounting, Finance, or related field.· Professional qualification (ACCA, CIMA, CPA) or part-qualified.· 2–5 years’ experience in project accounting, management accounting, or financial analysis.· Hands-on experience with pricing models, cost estimation, or bid support.· Background in project-driven industriesLocation: Delhi/GurgaonKey ResponsibilitiesProject Accounting and Financial Management· Responsible for the accurate set up and maintenance of project accounts in line with company policies and contractual agreements.· Monitor project budgets, forecasts and expenditures to ensure accuracy and alignment with approved financial plans.· Track revenue recognition and ensure timely invoicing in accordance with contract terms.· Conduct variance analysis and support project managers with financial insights and recommendations.Pricing and Commercial Support· Support project and commercial teams in the preparation of pricing models and bids.· Provide financial input to project proposals, including cost estimates, margin analysis and pricing scenarios· Ensure pricing decisions align with company financial objectives and compliance requirements.· Analyse project cost structures to identify opportunities for efficiency and improved profitability,Reconciliation and Controls· Perform monthly reconciliations of project accounts, ensuring all transactions and recorded accurately.· Reconcile project-related sub-ledgers (e.g., costs, revenues, WIP, accruals, prepayments) with the general ledger.· Investigate discrepancies and ensure corrective actions are taken promptly.Reporting and Analysis· Prepare accurate and timely financial reports for projects, including profitability, cash flow, and cost analysis.· Provide commentary on project performance, highlighting risks and opportunities.· Assist in preparation of management reports and presentations for senior stakeholders.Compliance & Audit Support· Ensure compliance with accounting standards, tax regulations, and funding requirements.· Support internal and external audits by preparing project-level reconciliations, schedules, and documentation.· Maintain up-to-date project records and audit trails.Stakeholder Engagement· Partner with project managers and commercial teams to support financial planning, pricing, and performance monitoring.· Liaise with clients, suppliers, and internal teams to resolve financial queries.· Act as the finance point of contact for assigned projects.

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