MAIN PURPOSE OF ROLE
As a Project Cost Accountant, you will support the delivery of cost management and project controls services, with a particular focus on invoice processing, cost administration, and financial reporting. Working closely with project teams, commercial teams, and the supply chain, you will help ensure project costs are accurately recorded, validated, and reported.
Your responsibilities may include:
- Supporting the implementation and maintenance of cost control systems and processes to track project budgets, commitments, actual costs, and forecasts.
- Processing, validating, and reconciling supplier invoices to ensure accuracy and compliance with project and contractual requirements.
- Assisting with the creation and maintenance of Cost Breakdown Structures (CBS) aligned to project Work Breakdown Structures (WBS).
- Supporting the setup and management of Purchase Orders (POs), Work Orders (WOs), and requisitions to ensure accurate cost capture and reporting.
- Monitoring invoice status, resolving discrepancies with suppliers and internal stakeholders, and ensuring timely payment processing.
- Assisting in the production of accruals and helping to ensure actual costs are accurately reflected within project reporting cycles.
- Maintaining cost records, supporting month-end reporting activities, and contributing to forecast updates.
- Supporting the change control process by providing cost and invoice-related information where required.
- Validating supplier and subcontractor cost data to improve the accuracy of project cost reporting and forecasting.
- Assisting in the preparation of cost reports, expenditure analysis, and financial summaries for project teams and management.
- Supporting compliance with contractual requirements, including NEC and FIDIC principles where applicable.
- Working collaboratively with project controls, planning, commercial, finance, and procurement teams to ensure cost information is accurate and up to date.
- Identifying and escalating cost, invoice, or payment issues that may impact project performance.
- Developing knowledge of cost engineering principles, project controls processes, and industry best practices.