Project Accounting

Roxel is an Anglo‑French Company that designs, develops and manufactures a range of solid propellant rocket motors for use in tactical missiles. Its operations are spread across several sites in the UK and France and it has an annual turnover of about £250M and nearly 1000 staff, with 300 in the UK.

The UK operations are entirely based at Summerfield, Kidderminster where we now have a requirement for a Finance Manager – Project Accounting.

• Promote zero harm objective by operating in accordance with any Health, Safety and Environmental policies and procedures to ensure the safety and wellbeing of staff and visitors and pro‑actively promote and support SWIM.
• Ensure safe methods of working are utilised in all processes targeting zero harm.
• Ensure Health and Safety standards are fully communicated and understood by relevant stakeholders.
• Project Accounting Oversight:
  Manage the full project lifecycle financially, including budget setup, monitoring, forecasting, and reporting. Ensure all project accounting is in compliance with company policies and relevant accounting standards (IFRS
  15).
  • Weekly sales forecast data
  • Monthly Contract Status Report (CSR)
  • Project cashflows forecasts – including agreement of payment plans with customer
  • Variance analysis to budgets
  • Hedging of foreign payments
  • Supporting of Customer invoicing
  • Support in the preparation of quarterly estimate at completions (EAC) inline with IFRS
    15 / FRS
    102
  • Tracking of Variation of Price (VoP) indices and annual invoicing Support the preparation of annual budgets / 5‑year plan
  • Involvement in bids and order intake to ensure the financial risk and rewards are clearly understood
• Strategic
  
  Collaboration:
  
  Liaise effectively with the Programmes Managers and other project stakeholders to establish and implement best practices for project financial tracking, analysis, and reporting.
• Process Improvement & Training:
  Identify opportunities for process improvements within the project accounting function. Design and deliver training sessions to the project accounting team and project managers on best practices, systems, and compliance requirements.
• Financial Integration & Forecasting:
  Create and maintain a strong collaborative link with the financial accounting department to support accurate and timely cash forecasting, budget preparation, and the development of the company’s 5‑year financial plan.
• Reporting & Analysis:
  Prepare and present comprehensive project financial reports, including variance analysis, to senior management and project stakeholders. Provide insights and recommendations to support decision‑making.
• Compliance & Auditing:
  Ensure all project accounting activities are audit‑ready and support internal and external audits as required.
• To perform any other duties necessary, as requested to by the business to carry out job function.

• Using SMART objectives, ensure expectations are clear to maximise efficient productivity and achievement of targets through adequate staffing levels.
• Support and document the teams’ development by carrying out regular PDR’s for team members.
• Target 100% attendance by monitoring and managing attendance levels for the team, including conducting of return to work interviews, absence reviews and hybrid working when required.
• Ensure adequate staffing levels are met by managing leave requests.
• Address and resolve performance issues in a timely manner using techniques such as informal performance counselling up to and including disciplinary hearings as appropriate.
• Implement training and development activities in line with skills required to encourage multi‑skilling and reduction of single point failures.
• Provide training and guidance to employees for relevant process.
• Lead by example, providing a positive environment and influence amongst the team.
• Support and mentor the team in trouble‑shooting techniques providing guidance as required.
• Encourage team working and sharing of best practices amongst the team and business.

• A professional qualification such as CIMA / ACCA or equivalent.
• IT literate with experience…