Contract Accountant

Balfour Beatty has an exciting opportunity for a Contract Accountant to join our Living Places business unit to work in Telford and Wrekin.

Role Purpose:

• Responsible for all aspects of management reporting and financial control of the appointed contract(s) and as a member of the contract management team, contributing to the overall strategy and performance of the contract to meet agreed business and service objectives.

As a Contract Accountant you will:

• Act as a Business Partner to the appointed contracts;
• Work with operational management on the preparation and delivery of business plans, budgets and quarterly forecasts;
• Implement and own a robust contract forecasting process;
• Ensure compliance with statutory and company procedures;
• Monitor financial & non-financial KPIs focusing on contractual profitability issues, commercial risks, working capital and related cash flows;
• Work with operational management on cost control and monitoring and control of overheads;
• Provide financial evaluation for all contract initiatives and commercial changes;
• Operate the companys risk framework to identify and manage the required outcome of potential risks and opportunities;
• Establish good working relationships with other team members and contribute to overall team objectives;
• Understand and meet customer requirements, agreeing and implementing service levels and utilising feedback to improve service delivery;
• Promote and maintain the company values.

• Prepare monthly contract performance schedules, including profit & loss, balance sheet and cash flow together with commentary and analysis;
• Responsible for preparation of contract quarterly forecasts, annual budget and input to 3YP;
• Proactively support and influence contract management;
• Preparation and monitoring of performance improvement plans (PIPs);
• Understand and report on contract risks and opportunities;
• Review and monitor WIP and over-measure balances;
• Control WIP model and produce month end WIP/Overmeasure balances;
• Preparation and reporting of activity analysis (service lines, pain/gain, lump sum, etc);
• Review and control of contract stock;
• Calculate variances to POS model;
• Safeguard the assets of the contract and ensure adequate and appropriate controls are in place.

Personal Qualities and Experience:

• Recognised Accountancy Qualification;
• A minimum of five years post qualification relevant experience;
• Good financial & commercial acumen with knowledge of budgetary control, profit & loss accounts and financial reporting;
• Thorough knowledge and experience of risk management;
• Ability to analyse complex data with accuracy;
• Strong IT skills and knowledge of MS Office, Excel, Word etc;
• Good communicator and strong inter-personal skills.

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

The way we live our lives is changing fast: where and how we live, work, travel, shop, relax and socialise. The evolving nature of our society means we all need to shape our environment to meet a complex array of individual and collective needs.

Living Places works in partnership with Local Authorities to consult, finance, design, build and manage the essential place infrastructure that local communities and national economies need to prosper and grow.

We are right at the heart of a dynamic place shaping agenda that brings Local Authorities, local communities, Central Government, and the Private Sector together to create safe, sustainable, flexible and dynamic public spaces geared to community social need, economic growth and personal well-being as well as being environmentally sustainable.

The provision of maintenance services for highways is only a small part of what is really needed. Our focus has moved beyond the road to deliver the potential of the street: a dynamic public place that connects and combines local community and business needs, encourages social interaction and helps pedestrians, motorists, bus riders, and cyclists to coexist safely. Building great public spaces with resource efficient assets enables functional, flexible and inspirational places to be at the heart of the community.

At Balfour Beatty we are committed to creating a diverse workforce and an inclusive culture where everyone can be themselves and reach their full potential, not only because this is the right thing to do, but because it makes us a better business. To ensure we deliver on this commitment, we have a UK Diversity and Inclusion Action Plan which sets out the wide range of targeted, proactive, measurable steps we are taking to make this a reality. You can read our UK Diversity and Inclusion Action Plan in full at www.balfourbeatty.com/value_everyone

To help and support us with our desired commitment to create an inclusive culture we are members of WISE, enei, Business Disability Forum and Women into Construction. In 2020, we signed the Audeliss and Involve Open Letter to demonstrate our commitment to taking key long term and sustainable actions on Black Inclusion. Balfour Beatty is also a Gold Award holder in the Ministry of Defence 'Employer Recognition Scheme' and actively encourage applications from Armed Forces personnel, veterans and reservists.

As a Disability Confident Employer, we are committed to working with people who have disabilities and long-term health conditions to remove barriers for them in obtaining employment. We are also committed to offering applicants with a disability an interview if they meet the minimum requirements for the role.

Further information on Disability Confident can be found at: https://disabilityconfident.campaign.gov.uk/

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