Assistant Project Accountant

Job Description

This is a great opportunity to join a dynamic and forward-looking business and a department which is at the very heart of the organisation’s future success. This role is perfect for a candidate looking for long term career growth with Siemens. You will have opportunities to participate and help deliver initiatives, which add variety to the role and help build your skills as a finance professional of the future. While supporting financial management of a suite of projects within the Project Delivery organisation.

What are my responsibilities?

Project Mobilisation

  • 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.
Project Forecasting and Reporting
  • 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.
  • Assist with the analysis of new project forecasts, developing a view on adaptability, timing, risk and opportunity. Review and, if necessary, challenge with both WPM and PM before finalising.
  • Ensuring all change is accurately incorporated in cost and value, including approvals for submitting contract variations and including unagreed variations in forecast final value.
  • Working with other parts of the project team as necessary
  • Ensure all project audit requirements are dealt with in a timely and professional manner.
Functional Reporting and Forecasting
  • Assist with project reports and forecasts ensuring they are submitted to Central Finance on time, accurate and approved.
  • Provide relevant supporting commentary where required on variance analysis
Month End
  • Assist with accruals journals relating to each project.
  • Ensure the correct trading margin % and verify the traded position
  • Assist with commentary on traded position and financial status/movement where necessary
Accounts Receivable
  • Lead or support the setup, submission and processing of Payment Applications, certificates and invoices, including all postings to the ledger.
  • Actively monitor the payment cycle ensuring any required actions are taken to improve the cash position, chasing payments with supplier where necessary
  • If dealing with cost reimbursable contracts, ensure timely and accurate provision of all supporting information to enable issuing, approval and payment of project turning points in a timely manner.
Other Responsibilities
  • Maintenance of the project and WBS within the ERP Project Ledger.
  • Ensure any foreign exchange risk is handled in accordance with Company policy.
  • Ensuring robust systems are in place for handling project site costs, local cash books or banking facilities.
  • Compliance with all Group accounting policies, but in particular with the long term contract accounting policy.
  • Strive to continuously improve financial processes and systems.
  • Support ad hoc studies and projects where required.

Measures for success

  • Assistant Project Accountant seen as a key partner and team player by PM, WPM’s and Finance
  • Assist with all budgets and forecasts, together with key risks, issues and opportunities, are owned, approved and understood by all appropriate parties.
  • All submissions are accurate, on time and relevant

What do I need to qualify for this job?


  • Starting to study or completed Professional Accounting 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 IT knowledge (Such as Excel skills)


  • 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 377,000 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.

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 you 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 critical 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 where all our vacancies are in an accessible format. We welcome the opportunity to discuss flexibility requirements with our applicants to encourage agile working and innovation.

#li-mb1 #insmo

Organization: Siemens Mobility

Company: Siemens Mobility Limited

Experience Level: not defined

Full / Part time: Full-time

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