Location
Glasgow, Scotland
Hours
Full Time
Salary
Negotiable
About the Role
We are seeking an ambitious and experienced Project Accountant to join our Finance team in Glasgow supporting the successful delivery of major Engineering, Procurement and Construction (EPC) projects. The role involves managing the financial activities of long-term high-value projects, ensuring accurate reporting, effective cost control, and compliance with company policies and accounting standards. You will work closely with project managers, finance teams, and wider stakeholders to monitor project financial performance and support informed decision-making. This role is ideal for someone who enjoys building relationships across different teams and using financial data to support successful project delivery.
Key responsibilities include financial management and reporting of EPC projects from initiation to completion, monitoring project costs, commitments, accruals, provisions, and actual expenditure against approved budgets, identifying cost overruns or unfavourable variances, managing project P&L and acting as a Finance Business Partner with project owners. You will track direct labour, materials, subcontractor costs, overhead, and other project-related expenses, support cash-flow forecasting and project financial planning, work with project teams to establish milestone/project completion percentages to recognise revenue, assist with month-end and year-end financial close activities, manage multi-currency reporting, FX exposure, and intercompany recharges, assist with audits, and provide financial information when required. Additional responsibilities include supporting project teams in costing/accounting perspectives at the tendering stage, performing ad hoc tasks to support the Head of Finance and Finance Manager, and providing general finance support to the Finance team.
About our project in Port of Nigg, Highland: Sumitomo Electric is constructing a state-of-the-art subsea transmission cable factory in the Scottish Highlands, contributing significantly to the UK Net Zero Target by supporting critical electricity transmission infrastructure to connect and deliver renewable energy, including offshore wind, to UK consumers and beyond. The factory will create more than 150 highly skilled jobs and maximise utilisation of the local supply chain for cable production and transmission system construction.
Experience
- Part qualified or newly qualified accountant (ACCA/ICAS/CIMA) with 3-5 years project accounting experience
- Experience in the construction industry is essential, ideally with knowledge of CIS and reverse charge
- Sound understanding of IFRS 15 Revenue Recognition
- Experience working in a Japanese company is desirable
- Experience with inventory accounting and cost control is preferred
- Ability to work effectively with both finance and non-finance stakeholders
- Excellent attention to detail and accuracy
- Must have the right to work in the UK
About you
Ambitious, detail-oriented, and collaborative individual who enjoys working across teams to support project success through financial insight and control.
Qualifications
Part qualified or newly qualified accountant (ACCA/ICAS/CIMA) with relevant project accounting experience.
