Job Summary
The Project Accountant is responsible for managing, tracking, and reporting all financial aspects of ongoing real estate development projects. The role ensures accurate budgeting, cost control, financial compliance, and timely reporting to support decision-making and successful project execution.
- Minimum Qualification : Degree
- Experience Level : Entry level
- Experience Length : 2 years
- Working Hours : Full Time
Job Description/Requirements
Responsibilities:
- Manage and monitor project budgets, cash flow, and overall financial performance.
- Track project expenditures and ensure all costs align with approved budgets.
- Prepare and maintain detailed cost reports for stakeholder updates.
- Generate monthly, quarterly, and annual financial reports for each project.
- Reconcile project accounts, including vendor invoices, payments, and retention fees.
- Handle project billing, revenue recognition, and cost allocations.
- Ensure timely posting of all project-related financial transactions.
- Enforce internal financial controls, company policies, and statutory compliance.
- Support internal and external audits with accurate project documentation.
- Verify contractor payment requests, work progress certifications, and change orders.
- Liaise with procurement, contractors, and consultants on invoicing and payment issues.
- Maintain organized records of contracts, agreements, variations, and project commitments.
- Work closely with the project management team to provide financial insights and guidance.
- Attend project review meetings and report on budget performance and cost variances.
- Assist in assessing financial feasibility and cost implications of new project proposals.
Requirements:
- Minimum of a B.Sc. qualification
- Minimum of 2-3 years of experience
- Strong knowledge of project costing, material, and site expense tracking and reconciliation of project accounts.
- Ability to prepare job cost summaries, support procurement documentation, and liaise with site teams.
- Proficient in Microsoft Excel and accounting software.
- Organized and detail-oriented.
- Ability to meet deadlines with minimal supervision.
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