Project Accountant

Location: Chennai

 Company Overview


Proserv is an industry leading controls technology company with an extensive brand heritage reaching back 60 years. We operate in over 60 countries worldwide, working from 14 global sites. By combining technical ingenuity with design, engineering, manufacturing and field service expertise, we create innovative solutions that can be applied to standardised systems.

Our people are fundamental to the success of our organisation and remain at the heart of our achievements. At Proserv, we aim to develop our business around a valued and motivated workforce that encourages personal development and allows our people to flourish and realise their fullest potential.


Role Synopsis

The Project Accountant role is an important link between the Operations and Finance teams.The Project Accountant has the overall responsibility of providing the Management team with accurate and timely information on financial forecasts, along with providing robust Project controls to ensure correct project creation, accurate reporting of costs and revenue, timely raising of invoices along with ensuring bonds are tracked and managed accordingly.


Key Accountabilities (includes, but not limited to the following)

Monthly reconciliations


Work in progress.

Revenue and cost of goods sold.

Billing in excess of sales and sales in excess of billing.

Project accruals (cost accruals, loss making project accruals).

Liquidated Damages.

Client invoicing

Ensuring timely creation of invoices in-line with contract T&C’s.

Ensure accurate tracking in AX for cashflow purposes.

Weekly metrics production to highlight slippages.

Project Forecasting

Provide weekly reporting of actual costs hitting projects (material, Labour) and drive the business to meet these targets.

Control the collation of operational inputs into financial forecast alongside cashflow forecast (Production, Engineering, Project Management and Supply Chain).

Provide detailed variance analysis of movement week over week supported by Project Managers.

Support the ‘estimate at completion’ project specific forecasting, providing detailed movement vs bid and previous EAC.

Ensure project updates are reflected in AX.

Track any potential LD risk on ongoing projects, and work with Contracts Manager to ensure these are adequately reported and mitigated where possible.


Ensure accurate tracking of existing bonds.

Liaise with credit controller on extensions of bonds in-line with T&C’s.


Work with Proposals function on cashflow calculations, and advising on costing changes based on previous similar work.

Lead continuous Financial and Commercial awareness training in conjunction with Contracts Manager to ensure Project team can operate at a world-class standard.

Any other delegated responsibilities as instructed by Line Management within the timeframe specified in a safe and efficient manner to meet business requirements such as petty cash, AP invoice scanning, general journals bookings for month end).


Compliance Requirements

Proserv have a Business Ethics Policy (‘the policy’) which provides guidance to all employees in their day to day roles as well as helping you and the business comply with the law at all times. The incumbent must read, understand and comply with, at all times, the policy along with all other corresponding policies, procedures and directives.


QHSE Responsibilities

Demonstrate a personal commitment to Quality, Health, Safety and the Environment

Apply Proserv, and where appropriate Client Company’s, Quality, Health, Safety & Environment Policies and Safety Management Systems

Promote a culture of continuous improvement, and lead by example to ensure company goals are achieved and exceeded




  • University degree in the field of Finance and/or Financial Management
  • CIMA or ACCA part or fully qualified.


  • 5+ years’ experience working in a Project Accounting role.
  • Experience working in a manufacturing environment.


  • Microsoft Dynamics (AX 2012) experience.
  • Working knowledge of percentage of completion accounting.


How To Apply 

If you are interested in this position please:

  • Complete the personal details contained in the application below then click Apply. (Apply to also)
  • Remember to attach your CV, this is a mandatory requirement of the application process. 
  • Attach any other documentation/covering letter you think may assist with your application – please note that it is preferable that certificates, qualifications etc are not sent at this stage.

Please note that Proserv assess all applications based on merit.  Should a suitable candidate be identified, Proserv reserves the right to close the recruitment process prior to the advertised date.  Only those candidates considered to be suitable will be invited to interview.

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