Job Summary
A Project Accountant (with experience from the Building/Construction/Estate Management Sector).
The Project Accountant position is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected.
Responsibilities & Duties
Create project accounts in the accounting system
Maintain project-related records, including contracts and change orders
Authorize access to project accounts
Authorize the transfer of expenses into and out of project-related accounts
Review and approve supplier invoices related to a project
Review and approve time sheets for work related to a project
Review and approve overhead charges to be applied to a project
Review account totals related to project assets and expenses
Investigate project variances and submit variance reports to line manager
Confer with receivables staff regarding unpaid contract billings
Report on project profitability to management
Report to management on any opportunities for additional billings
Report to management regarding the remaining funding available for projects
Create or approve all project-related billings
Investigate all project expenses not billed to clients
Approve the write off of any project-related billings that cannot be billed to or collected from clients
Close out project accounts upon project completion
Create and submit government reports and tax returns related to projects
Compile information for internal and external auditors, as required
Review and advice management on subcontract agreements
Manage and communicate job cash flow
Manage subcontractor payment distribution
Assist Project Manager in identifying the need for additional services
Issue project performance reports
Advise project team of accounting procedures and policies
Review owner contracts to ensure all terms and requirements are being met
Contribute to accounting team meetings with knowledge sharing and process improvement ideas
Assist with re-estimates to ensure revenue and cost is recorded
Ensure accuracy of Profit and Loss statements
Enter cash receipts and reconcile bank statements.
Requirements Qualification:
Bachelor’s degree in Accounting/related courses.
Masters degree in Management, Finance or Accounting will be an added advantage.
Minimum Experience:
At least 7 – 8 years of experience in Project Accounting, Finance.
Sector Experience:
Building/Construction/Estate Management experience is a MUST without which applicants will not be considered for the opening.
Professional Membership:
Associate Membership of ACCA, ICAN or other relevant professional association is required.
Skills & Competencies:
Previous experience as a Project Accountant for a construction project is highly desirable
Sufficient accounting experience in a busy, tightly managed business environment, including: monthly reporting, budget preparation, financial modelling and cash flow reporting
Extensive experience in the use of diverse accounting software’s
Relevant experience or understanding of financial reporting standards
Strong Project Management and administrative skills
Strong relationship building skills and ability to manage relationships with key clients or stakeholders across the organization
Ability to work under pressure Sense of initiative, high sense of honesty and integrity
Good command of MS office (Word, advance Excel, PowerPoint, accounting softwares).
Applicants should forward CV’s to: mgtpositions@stresert.com using “PRAC” & the name of current/past construction/estate management companies worked as subject of application e.g “PRAC MIKA CONSTRUCTION” Shortlisted applicants will be invited for interviews.
Apply via :
mgtpositions@stresert.com
