Balfour Beatty

Company Accountant

North East/ Newcastle, UK
Not disclosed
22 Feb 2024
01 Mar 2024
Approved employers
Approved employer
Contract type
Full time
Experience level
Qualified accountant

Company Accountant

About the role

Balfour Beatty Investments has an exciting opportunity for a Company Accountant to join our Investments team on a 12 Month FTC in Newcastle.

Role Profile:

To provide the accounting function for concessions to meet concession, lender, shareholder and statutory reporting requirements.

What you'll be doing

As a Company Accountant, you will:

  • Produce monthly management accounts and provide commentary thereon (including variance analysis) to concession deadlines;
  • Prepare statutory accounts and act as first point of contact with auditors;
  • Prepare annual budgets and periodic updates to support 6-monthly updates for lenders;
  • Make payments to subcontractors and lenders to contractual timescales;
  • Liaise with lenders in respect of loan agreement financial administrations;
  • Prepare VAT and CIS returns;
  • In conjunction with the Finance Manager, maintain the Finance Policies and Procedures Manuals;
  • Produce cash flow forecasts, manage treasury deposits and control company bank balances;
  • Liaise with Finance Manager to determine technical accounting calculations as required (e.g. IFRIC 12 for PFI and similar concession arrangements);
  • Take ownership of all General Ledger accounts and ensure that invoices, payments, receipts and month-end journals are processed accurately and with required authorizations;
  • Ensure that the concessions' financial transactions are carried out in accordance with its contracts and accounting policies and standards and that reliable accounting records are maintained;
  • Produce Balance Sheet account reconciliations;
  • Liaise with internal audit function and resolve issues identified;
  • Prepare Corporation Tax quarterly payment calculations and provide information to tax advisers relating to annual computations and returns;
  • Complete any other additional duties such as the Head of Concession Finance, Finance Manager or Concession management team may reasonably require;
  • Commit to Balfour Beatty Investment Information Security Policy;
  • Commit to Balfour Beatty Build to Last Agenda;
  • Commit to Balfour Beatty Values of Integrity, Teamwork, Excellence and Respect;
  • Commit to Balfour Beatty Zero Harm Agenda.

Who we're looking for

Personal Qualities & Experience


  • Educated to degree level or equivalent standard;
  • Qualified or nearly qualified accountant;
  • Good practical accountant;
  • Able to work with technical accounting concepts;
  • IT literate especially with Excel and Word;
  • Able to work and communicate effectively with colleagues at a range of levels;
  • Able to act on own initiative and prepared to ask for guidance;
  • Able to perform a number of different tasks and to prioritise own workload to ensure deadlines are met, whilst producing accurate work;
  • Quick to assimilate and work effectively with new information.
  • Desirable:
  • PFI experience;
  • Familiarity with SUN Accounts software.

Why work for us

Day in, day out, our teams deliver amazing projects in challenging conditions; developing, managing and maintaining the vital infrastructure and public spaces that modern economies, societies and communities rely on.

About us

Balfour Beatty Investment develop, finance, manage and operate public and private infrastructure projects.

We are responsible for raising and structuring finance to help customers achieve goals that might otherwise be unattainable. We also invest directly in infrastructure assets, particularly where there are opportunities to manage the project upon completion and enhance operational efficiency.

We work closely with other SBUs to secure and deliver these projects, accessing the wide range of expertise and the strength of Balfour Beattys balance sheet to maximise the value from each opportunity.

In the UK we manage and operate a substantial portfolio of infrastructure projects covering a wide range of sectors including healthcare, highways and street lighting, student accommodation, residential/PRS, energy and transmission, waste and biomass.

Historically we were a major participant in the UK PFI/PPP programme and our portfolio currently includes projects secured over a period of 20 years between 1996 and 2016.

Here in the UK our business comprises 3 main activities :

  • New Business identifying, developing and financing new projects
  • Concession Operations delivering a comprehensive management service to our investment projects. This includes facilities maintenance services to several projects under the Balfour Beatty Communities brand.
  • Portfolio Management valuing and maximising the financial return from our equity investmentsThe Investments SBU also has a successful business in the US which includes Balfour Beatty Communities, a subsidiary dedicated to developing and operating privatised military housing, and multifamily housing, as well as Balfour Beatty Campus Solutions, a leading provider of large capital project financing, development and construction solutions for the higher education market.

For further information, and to apply, please visit our website via the “Apply” button below. 

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