Project Accountant

About the Role

Project Accountant – Permanent position – Inchinnan, Glasgow

The Project Accountant will ensure accurate and timely reporting of long‑term projects and services – actual and forecast financial performance, both from a project performance and Financial Accounting perspective in accordance with IFRS
15 and other applicable accounting standards. This includes robust challenge of costs to drive continuous cost improvement throughout the project life cycle.

They will implement cost management best practices and apply them consistently across all projects to proactively identify cost variances, risk areas and mitigations, assisting delivery of project and customer requirements in a cost‑effective manner.

To work closely with Project Managers to ensure they understand the financial performance of their respective projects and assist in communicating this to the wider business as required. Projects vary in length from 1 year to 5 years and value from £1m to £30m. The role is expected to build strong relationships across the business with bids, operations, supply chain, procurement, project management, planning, project controls and commercial teams.

You will need a flexible approach to working as the role will be based in Inchinnan, Glasgow, with an expectation to travel as required to support bids and project teams.

• Preparation of detailed project baseline cost and revenue budget and regular EAC reforecasts in collaboration with the Project team and presentation to stakeholders as required.
• Perform Value of Work Done (VOWD) assessments throughout the project life, compare to planned progress, identify and mitigate slippage and escalate issues to management.
• Prepare and populate project‑specific forecasting and cost tracker models; highlight performance improvements.
• Provide project monthly revenue and profit margin information, including intercompany information for actuals, forecasts and annual budget process in accordance with IFRS
  15.
• Prepare and document accounting‑based papers to support the accounting treatment for the project covering appropriate accounting standards and update as required.
• Conduct cost variance analysis and sensitivity analysis and identify opportunities, risks and mitigations for the Project Manager.
• Ensure costs are correctly allocated to cost accounts/work orders, review correct coding of requisitions, purchase orders, contracts, invoices, variations, reconciling costs to the General Ledger and investigating variances.
• Facilitate and participate in lessons‑learned sessions on project delivery and feed feedback to responsible functions to improve future delivery.
• Manage multi‑currency project reporting and FX exposure.
• Manage intercompany recharges, cost allocations and project‑related billing.

• Strong focus on uplifting the quality and standard of output of the finance team while driving deeper financial insight through active business partnering.
• Objective‑oriented with a detailed mindset, delivering results.
• Effective problem solver with excellent people management skills.
• Collaborative with team members, senior management, executives and third parties such as auditors.
• Clear communicator of complex financial information in an understandable manner.
• Excellent analytical review skills and ability to prioritise tasks and manage time.

• ICAS/ACCA/CIMA qualification.
• Proven track record in a similar role (e.g., Project Management Accountant, Cost Controller) and industry (e.g., Oil & Gas, engineering, manufacturing).
• Proficient user of Microsoft Excel.
• Experience with ERP systems (e.g., Glovia, SAP, Oracle).
• Experience working with multi‑currency projects.
• Understanding of intercompany accounting and multi‑entity structures.

Competitive benefits tailored to the division.

Opportunities for career growth and visibility across the organisation.

A supportive, inclusive culture that values your ideas and contributions.

Work that truly makes a difference in safety, innovation, and global capability.

James Fisher is a global engineering services company with over 50 years of experience…