Job Description

The cost controller role is critical to the business to ensure commitments and costs incurred on Design & Build and Services contracts are accurately reflected in the job cost ledger and monthly reporting.

Duties

• Ensure that un-invoiced costs are validly and accurately accrued

• Compile payment certificates for all sub-contract payments which accurately reflect past payments made, % of claims accepted and variation orders accepted, pending and rejected.

• Review forecast costs to complete on Design & Build contracts with Project Managers and business controller on a monthly basis, arriving at an independent opinion of the accuracy of the costs forecast to completion and risks remaining on the contracts; based on this independent assessment, be confident and persistent in explaining the assessment and reasons for having arrived at that conclusion.

• Update and control of main projects cost report in company’s ERP system.

• Assist Project Managers in completing detailed monthly contract reporting, including analysis/quantification of contract risks.

• Challenge Project Managers based on information and figures extracted from the system.

• Regular review and updating of contract cash flow forecasts.

• Open and maintain contract accounting files for each D&B contract (including copies of all contracts, major subcontractors, variations to contracts and milestone invoicing issued to customers)

• Quickly develop an understanding of commercial risks on contracts and how these risks may impact upon company Profit & Loss account and / or cash flows.

• Work with VWS Risk Management department to obtain Parent Company Guarantees and / or bank guarantees as required for contracts. Manage collection and release of bank guarantees provided by subcontractors. Work with Financial Controller on a quarterly basis to ensure timely and accurate reporting of company’s Off Balance Sheet commitments.

• The job controller will be trained and assist will be provided on a daily basis by the Business Controller in order to achieve the duties listed here above.

Benefits:

• Bike to work scheme
• Company events
• Company pension
• Employee discount
• Flexible schedule
• Life insurance
• On-site parking
• Private medical insurance
• Sick pay
• Work from home

Schedule:

• 8 hour shift

Work remotely:

• Temporarily due to COVID-19

COVID-19 precaution(s):

• Remote interview process

Required Knowledge, Skills, and Abilities

Be fully qualified with a recognized professional accounting body. Previous experience of accounting for long term contracts considered essential. Ability to understand and interpret complex construction/engineering contracts, identifying inherent risks and assessing the likelihood of such risks crystallizing and the impact of such on Profit and Loss account and cash flow. Possess excellent spreadsheet skills and good general IT “literacy”. Understanding of basic concepts of treasury accounting (e.g. forward currency hedge accounting) Ability to develop working relationships with Project Managers, Senior Engineers and Senior Management. Demonstrate ability to solve problems. Must be able to lead and work in a team environment. Experience: Accounting: 5 years (required)