About Nomad Digital
Nomad Digital is the world's leading provider of passenger and fleet connectivity solutions to the railway industry. Founded in 2002, and headquartered in the UK, currently serving more than 80+ global customers - in more than 40 countries - Nomad designs, builds, deploys and manages passenger Wi-Fi and on-board passenger infotainment systems. Nomad also provides remote online condition-based monitoring and maintenance solutions for optimising fleet management, operational performance and improving fuel economy.
Nomad Digital are currently on the look out for a Project Accountant to join the business on a part time basis (0.6 FTE) in our Newcastle Office. This is a global role supporting the business in driving accurate cost collection and to drive margin improvements through the reporting and analysis of project costing. It also requires the successful candidate to take responsibility for a portfolio of project accounts and application of revenue recognition methodology across the group.
This role would be a great fit for a high performing finance professional looking to move into a Project Accountant role or someone who has experience of working with project accounts and is motivated to support the team through a period of transformation.
Please note we are currently only able to accept applications from candidates able to commute to our office in Newcastle Upon Tyne 1-2 days per week
Job Purpose:
- To oversee and manage all financial aspects of a portfolio of projects, from initial bid submission to project closure.
- To track all project invoicing, costs & cashflow vs budget, and report on variances.
- To collaborate with Project Managers to maintain the project Estimate at Completion, margin, & project risks & opportunities.
- Application of revenue recognition methodology in accordance with IFRS15.
Essential Duties & Responsibilities
- To be a business partner for and provide strong operational support to project managers by advising on best practice procedures with projects and their accounting principles.
- To be responsible for the preparation and maintenance of accurate monthly project accounts for a portfolio of O&M & Delivery projects across the group within set deadlines. Ensure adherence to appropriate accounting standards (IFRS15: Revenue from Contracts with Customers).
- To prepare project budgets/forecasts when required, and to ensure adherence to budget commitments and cash milestones.
- To deliver timely and accurate monthly reconciliation of WIP and POA to the ERP system.
- To be responsible for driving continuous improvement and efficiency in reporting and tools by the education and effective communication to the project teams.
- To drive continuous improvement within designated areas of responsibility.
- To approve purchase orders in line with Delegation of Authority.
- To perform such other ad hoc responsibilities which may be required from time to time.
- To adhere to the principles of all Nomad Values, Health and Safety guidelines and Ethics practices.
- To support the sales and bid teams in preparation of the bid cost models, assisting in tender sign off processes ensuring all internal controls and commercial approvals are adhered to.
- To manage all KPI reporting for Programme Leads ensuring that this is delivered on a regular basis in line with reporting schedules.
- To ensure adherence and be accountable for all project accounting and regulatory policies to include revenue and cost recognition, local government accounting policies etc.
- To challenge cost forecasts and drive margin protection and improvement plans through working closely with project managers on the risk register and savings and opportunity lists.
- To advise and drive margin improvements through the reporting and analysis of project costing and train and suggest and activate changes on an as-needs basis.
Qualification & Experience Requirements
- Would suit a high performing Finance professional seeking a move into a project accounting role
- Professional qualification (CIMA, ACA, ACCA) or equivalent
- Degree preferred
- Knowledge of finance, accounting, and budgeting principles
- Exposure to long term contract accounting but not essential
- Experience in Competitive tendering an advantage but not essential
- Proficient in Microsoft Office, especially Word and Excel
- Experience with an ERP system (NetSuite an advantage)
Key Behavioural Competencies
- Attention to detail with the ability to provide accurate and timely information to a high standard
- Ability to work well in pressurised situations and think proactively in a fast-paced environment
- Ability to plan, organise and prioritise workload, including co-ordinating with others and ensuring that statutory and other deadlines are met.
- Ability to multitask effectively ensuring timelines are met
- Excellent verbal and written communication skills, including ability to effectively communicate with internal and external stakeholders up to and including Senior Executives
- To work as part of a team and independently to deliver a common goal or objective
- A continuous improvement mindset
- A proactive and diplomatic approach and a commitment to producing high quality work
- Able to work flexibly to meet the needs of a geographically diverse team
- Ability to manipulate large volume of data and experience of carrying out detailed analysis of data and to provide the results that are easily understood to external auditors and senior management
- Robust and able to challenge when appropriate
Benefits:
- Health Care Cash Plan
- Life Assurance
- Critical Illness Cover
- Contributory Pension Scheme via Aviva
- Car Lease Scheme
- Workplace Nursery Scheme
- 25 Days of Annual Leave with enhanced leave based on tenure
- Annual Leave Purchase Scheme
- Employee Referral Scheme / Employee Recognition Scheme
- Enhanced Family Leave entitlements
Our Commitment:
Nomad Digital is committed to being an inclusive and diverse employer, as well as providing equal opportunities in employment and freedom from unlawful discrimination on the grounds of age, race, ethnic or national origin, sex, pregnancy and maternity, marital or civil partnership status, sexual orientation, gender reassignment, disability, religion or beliefs.
We encourage and welcome all job applicants, especially those from diverse backgrounds and ensure everyone is treated equally and without discrimination.
Where possible we are happy to consider flexible working arrangements or appropriate reasonable adjustments on request. To discuss further, please email [email protected].
Job Segment: Accounting, ERP, Finance, Technology
