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Project Financial Management Specialist

2 weeks ago

Naas, Co Kildare, Ireland beBeeFinancial Full time €50,000 - €60,000
Financial Project Officer Job Description

The Financial Project Officer plays a critical role in supporting the financial management of projects. This includes robust analysis, reconciliation, reporting, and process implementation.

The successful candidate will have strong analytical and communication skills, as well as proficiency in Microsoft Excel and financial management systems.

Key responsibilities include customer profitability analysis, invoicing, debtor reconciliations and recovery, month-end reporting, and sub-contractor process implementation.

The ideal candidate will have a Bachelor's degree in Finance, Accounting, Business, or a related field, and 2+ years' experience in a similar financial/project accounting role.

Required skills include financial accuracy and accountability, analytical thinking and problem solving, strong communication and collaboration, results-driven and process-oriented behavior, and the ability to work independently and multitask.

  • Customer Profitability Analysis:
    • Conduct regular and ad-hoc profitability analysis for project customers.
    • Identify key cost drivers and revenue streams to improve project margins.
    • Work closely with project managers and business analysts to support pricing strategies.
  • Invoicing:
    • Prepare and process timely and accurate customer invoices in line with contract terms.
    • Ensure proper documentation and approvals are in place before issuing invoices.
    • Monitor invoice discrepancies and resolve issues with relevant stakeholders.
  • Debtor Reconciliations & Recovery:
    • Perform regular debtor account reconciliations, ensuring alignment with customer statements.
    • Follow up on outstanding receivables and implement strategies for timely debt recovery.
    • Maintain and update the debtor aging report and escalate overdue accounts where necessary.
    • Reconcile bank statements against company records regularly.
    • Investigate and resolve discrepancies in a timely manner.
    • Liaise with the finance team to ensure all transactions are accurately recorded.
  • Month-End Reporting:
    • Generate invoicing summaries and project-related financial reports.
    • Support month-end close activities, ensuring accurate project revenue and expense recognition.
    • Assist in preparing reports for internal stakeholders, including variance analysis.
  • Sub-Contractor Process Implementation:
    • Develop and implement financial processes for managing subcontractors.
    • Ensure subcontractor invoices and payments align with project budgets and deliverables.
    • Maintain compliance with internal controls and contractual obligations.

Benefits and Qualifications:

  • Education:
  • Bachelor's degree in Finance, Accounting, Business, or a related field.
  • Experience:
  • 2+ years' experience in a similar financial/project accounting role.
  • Skills:
  • Financial accuracy and accountability, analytical thinking and problem solving, strong communication and collaboration, results-driven and process-oriented behavior, and the ability to work independently and multitask.

Working Conditions:

  • Office-based with occasional remote work as required.