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Principal Accountant


Devonport, Plymouth, GB, PL1 4SG

Onsite or Hybrid:  Hybrid

Job Title:              Principal Accountant
Location:              Plymouth, Devon + Hybrid Working Arrangements
Compensation:    Up to £49,943 (Dependent on Experience) + Benefits
Role Type:            Full time / Permanent
Role ID:                SF54996


At Babcock we’re working to create a safe and secure world, together, and if you join us, you can play your part as a Principal Accountant at our Devonport site.


The Role
As a Principal Accountant, you’ll have a role that’s out of the ordinary. Providing accurate and timely financial information and advice relating to all areas of responsibility, to Business Unit and Programme Managers, to enable them to exercise effective financial control over the area to maximise value for money, cashflow and profitability; the role also, plays a part in the identification of future threats and overall trend analysis. 


Day-to-day, you’ll be taking part in frequent contract pricing activity to support strategic business growth, as well as the production and analysis of accounts in accordance with the issued monthly timetable. In addition, you'll be expected to lead financial performance reviews, as well as manage and coach members of staff:


  • Maintain the integrity of data that supports the accounts maintaining full audit trails for both internal and external audit purposes.
  • Oversight and consolidation of monthly performance packs for management reviews in conjunction with the respective operational teams. These packs are also to be prepared on a quarterly basis for Senior Management review.
  • Leading financial performance reviews with operational stakeholders and Senior Management.
  • Maximise profitability of the programme and ensure timely and accurate cash recovery in accordance with the contract terms and conditions.
  • Coordination and consolidation of Cost Certificates / statements for MoD in accordance with the contract terms and conditions.


This role is full time, 35 hours per week and provides hybrid working arrangements with 3 days in the office / onsite and 2 days working from home.


Agile working may be available to employees in some instances, applying the principles of fairness and consistency whilst ensuring that the overriding business needs can be appropriately met. We are happy to consider flexible, blended working, including part-time, condensed hours, and job sharing. Please ask about alternative patterns of work at interview. 


Essential Experience of the Principal Accountant:

  • Excellent working knowledge of Excel.
  • High quality standards and attention to detail.
  • Good interpersonal skills with ability to communicate effectively at all levels.
  • Sound technical knowledge.
  • Experience of IFS and / or Business Analytics is an advantage but, not essential.
  • Ideally, you'll have expereince of managing staff but, this is not neccassary.


Qualifications for the Principal Accountant: 

  • You must hold a recognised accounting qualification (ACCA, ACA, ACMA, CIMA, ICAEW, ICAS) or equivalent / similar.


Security Clearance
The successful candidate must be a sole UK national who is able to achieve and maintain Security Check (SC) security clearance for this role.


Many of the positions within our company are subject to national security clearance and Trade Control restrictions. This means that your eligibility for certain roles may be affected by your place of birth, nationality, current or former citizenship, and any residency you hold or have held. Further details are available at United Kingdom Security Vetting: clearance levels - GOV.UK (


What we Offer: 

  • Generous holiday allowance 
  • Matched contribution pension scheme, with life assurance
  • Employee share scheme 
  • Employee shopping savings portal
  • Payment of Professional Fees
  • Reservists in the armed forces receive 10-days special paid leave 
  • Holiday Trading is a benefit that allows the majority of employees to buy additional leave or to sell up to one working week of annual leave from their annual entitlement
  • ‘Be Kind Day’ enables employees to take one working day's paid leave a year (or equivalent hours) to undertake volunteering work with their chosen organisation or registered charity
  • Flexible working – we give people more options to better integrate their work and personal life, whilst ensuring that business needs are met. 
  • Autonomy to perform the role.
  • Opportunities to develop your career.


Babcock International 
For over a century Babcock, has helped to defend nations, protect communities and build a better world. To continue, we must adapt, advance and be a sustainable business with a shared goal. 


We are a disability confident committed employer. If you have a disability or need any reasonable adjustments during the application and selection stages, please email with the subject header ‘Reasonable adjustments requirement’. We’re committed to building an inclusive culture where everyone’s free to thrive. We are happy to talk about flexible working – please ask about alternative patterns of work at interview.


Closing date: 24/07/2024



Job Segment: CSR, Management

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