Project Accountant

Posting Details Posted: August 14, 2023 Full-Time Locations Showing 1 location 42 Earlham Street, Covent Garden 3rd Floor London, UK WC2H 9LH, GBR 42 Earlham Street, Covent Garden 3rd Floor London, UK WC2H 9LH, GBR +0 more less Job Details Description ABOUT WATG WATG is the world's preeminent destination and hospitality design firm. We are employee-owned, 77 years young, and home to nearly 400 creative, globe-trotting professionals located remotely and in our offices in California, New York, Honolulu, London, Singapore, and Shanghai. We are known for our 'people and planet first' approach to design, applying a hospitality ethos to the development of all shapes and sizes. From initial feasibility studies to the finishing touches, we operate as an integrated, multidisciplinary practice globally. Along with our interior design studio, Wimberly Interiors, we specialize in hospitality, gaming + entertainment, urban + mixed-use, and high-end residential design. WATG is hiring a Project Accountant for our office in London. ROLE  The Project Accountant provides senior-level assistance with project accounting, project setup and maintenance, project health reviews, client billings, collections, accounts payable, revenue recognition, and management reports. The Project Accountant carries out responsibilities in accordance with the organization’s policies and applicable laws. The position reports to the Project Accounting Manager. RESPONSIBILITIES  Contracts Reviews project contracts for financial details to ensure compliance with the project Sets up projects in the accounting system, liaising with Project Managers (PM) and Senior Leaders (SL) regarding budgets (fee flows); phase set up to assist with project monitoring for the life of the project. Ensure that submitted information follows accounting standards and client requirements Maintains contract paperwork and files, invoices, aging A/R, change orders, vendor and subcontractor documents, and other specified logs for project tracking Accounts Receivables Prepares client fees, expenses, consultant invoices, account statements, reports, and other records Posts cash receipts and sends notifications to relevant parties, logging and reporting details daily Responsible for billing and cash flow projections Leads and coordinates collection efforts with PMs and SLs; initiates stop-work procedures and third-party collections efforts to minimize company exposure Attends monthly collections calls with updated AR status for comments Prepares and sends weekly collections reports to Managing Director, Project Managers, and Senior Leaders Accounts Payables Performs Accounts Payable (AP) duties, including coding, coordinating review and approvals, researching vendor payment inquiries, and releasing PWP consultants’ invoices Project Health Reviews project WIP, revenue, backlog, budget variances, and profitability, and ensures all billable expenses are billed; tracks latest comments on project and WIP status Leads project health reviews with PMs and SLs Reviews weekly Net Service Revenue (NSR) reports to ensure revenue is captured by the proper projects/phases and makes revenue adjustments and/or transfer efforts Performs quarterly internal spot audits of select projects, reviews project setup for accuracy, analyzes project costs in relation to contract budgets and contract terms Provides end-to-end project accounting management from project creation to close-out Miscellaneous Tasks/Ad-Hoc Reporting Implements and executes proper controls to proactively support, monitor and communicate budget, actual status, and labor hours, consultants, and expenses for projects; develops and issues timely reports Identifies opportunities and areas for improvement, offers suggestions, and implements procedures, processes or tools to improve efficiency and productivity Performs additional accounting responsibilities and supports special projects and ad-hoc analyses Provides global PA coverage as needed REQUIREMENTS  Bachelor’s degree in accounting, finance, or related field 8+ years in a mid-sized professional services organization with project (revenue) accounting duties Proficient in the general ledger, payroll, accounts receivable, and accounts payable Proficient in Microsoft Office, accounting software, order processing, databases Fosters teamwork and project leadership Ability to organize multiple priorities in a high-paced environment, making sound decisions with independence Excellent written and verbal communication skills Highly organized and problem-solving abilities Strong interpersonal skills and diplomacy Must handle confidential information in a highly sensitive manner WATG is an Equal Opportunity Employer.   #LI-SW1 Qualifications Skills Behaviors : Motivations : Education Experience Licenses & Certifications