Assistant Project Accountant Siemens Mobility have an exciting opportunity for an Assistant Project Accountant to join our Rail Infrastructure team in Birmingham. Our Team and what we do: As market leaders across rail, road and logistics, Siemens Mobility Limited are pursuing the goal of networking various transportation systems with one another to move people and goods efficiently - complete mobility! Your role, and what you’ll be doing: Supporting the Finance Manager, the Assistant Project Accountant will provide specifically defined financial & administrative controls for our Birmingham based Rail projects, cost centres and bid projects. To provide timely & accurate information to ensure that Corporate Governance requirements are fully met. Whatever your background, you’ll love your prospects at Siemens. The projects are stimulating, the mindset is innovative, and the rewards are excellent! With Siemens, you’ll receive training and support, and be encouraged to take ownership of your role from day one. What will be my Responsibilities? 1. Project Mobilisation a. Undertake a handover from the Tendering and Estimating team of the financial elements of a successful bid, including the baseline value and budget of the smaller scale projects. 2. Project Forecasting and Reporting a. Assist with the review and analysis of project actuals and forecast spend to support Work Package Managers (WPM) and the Project Manager (PM) in the financial control and forecasting of their budgets. b. Assist with the analysis of new project forecasts, developing a view on robustness, timing, risk and opportunity. Review and, if necessary, challenge with both WPM and PM before finalising . c. Ensuring all change is properly incorporated in cost and value, including approvals for submitting contract variations and including unagreed variations in forecast final value. d. Working with other parts of the project team as necessary e. Ensure all project audit requirements are dealt with in a timely and professional manner. 3. Functional Reporting and Forecasting a. Assist with project reports and forecasts ensuring they are submitted to Central Finance on time, accurate and approved. b. Provide meaningful supporting commentary where required on variance analysis 4. Month End a. Assist with accruals journals relating to each project. b. Ensure the correct trading margin % and verify the traded position c. Assist with commentary on traded position and financial status/movement where necessary 5. Accounts Receivable a. Manage or support the setup, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger. b. Actively monitor the payment cycle ensuring any required actions are taken to maximize the cash position, chasing payments with supplier where necessary c. If dealing with cost reimbursable contracts, ensure timely and accurate provision of all supporting information to enable issuing, approval and payment of project milestones in a timely manner. 6. Other Responsibilities a. Maintenance of the project and WBS within the ERP Project Ledger. b. Ensure any foreign exchange risk is managed in accordance with Company policy. c. Ensuring robust systems are in place for managing project site costs, local cash books or banking facilities. d. Compliance with all Group accounting policies, but in particular with the long term contract accounting policy. e. Aim to continuously improve financial processes and systems. f. Support ad hoc studies and projects where required. What do I need to qualify for this job? Essential · Starting to study Professional qualification. · Strong communicator with the ability to challenge and influence others · Desire and ability to work closely and develop productive relationships with both finance staff and other project functions. · Strong organisational/planning skills · Intermediate Excel skills Desirable · Relevant contract accounting experience · A high level understanding or core contract terms and conditions which have a financial aspect About us We’re Siemens. A collection of over 381,000 great minds who are all making the future and you could be one of them. We have offices across the UK, full of talented individual’s helping us to challenge the today and work towards a brighter tomorrow. Want to join us and be a Future Maker? We’re excited to hear that you would like to join us here at Siemens. Our people love it here and we want you to be a part of helping us make real, what matters. We are looking forward to receiving your online application. Please ensure you complete all areas, of the application form, to the best of your ability to help us review your suitability for the role. We will be in contact as soon as possible with an update on your application. What else do I need to know? Our compensation package includes a competitive salary, holiday allowance and pension. We celebrate the fact that our employees are individuals and have different wants and needs. With this in mind, we have a flexible benefits scheme where you can tailor your benefits package to suit you. If we all thought the same, we would never think of anything new. That’s why we recruit great minds from all walks of life. We recognise that building a diverse workforce is essential to the success of our business, therefore we encourage applications from a diverse talent pool. We are proud to announce that we have partnered with VERCIDA, the UK's largest diversity and inclusion focused careers site Organization: Siemens Mobility Company: Siemens Mobility Limited Experience Level: not defined Job Type: Full-time