Project Finance & Cost Accountant

Responsibilities:

• Prepare, monitor, and manage project budgets to ensure effective cost control and financial accountability.
• Track project expenditures, commitments, and actual costs against approved budgets.
• Prepare cost estimates, financial forecasts, and cash flow projections for ongoing and proposed projects.
• Analyse project costs and identify variances, cost overruns, and opportunities for cost reduction.
• Maintain accurate financial records, including invoices, receipts, payment vouchers, and project-related transactions.
• Monitor project cash flows to ensure adequate funding for planned activities and operational requirements.
• Review contractor invoices, supplier bills, purchase orders, and payment requests for accuracy and compliance with contractual terms.
• Reconcile project accounts, bank statements, supplier balances, and other financial records regularly.
• Prepare periodic project financial reports, cost summaries, and budget performance analyses for management.
• Work closely with project managers, procurement officers, engineers, and other stakeholders to monitor project spending and financial performance.
• Ensure project expenses are properly documented, authorised, and allocated to the correct cost centres.
• Monitor material, labour, equipment, and overhead costs to ensure efficient resource utilisation.
• Support tender preparation, cost planning, financial evaluations, and project feasibility assessments.
• Assist with financial audits by providing relevant project accounts, supporting documents, and cost records.
• Ensure compliance with applicable accounting standards, tax regulations, company policies, and financial procedures.
• Monitor contract budgets, payment schedules, retention amounts, and variations to approved project costs.
• Identify financial risks and recommend measures to improve cost efficiency and protect project profitability.
• Prepare monthly, quarterly, and year-end project financial statements and management reports as required.
• Maintain an organised filing system for project budgets, contracts, invoices, payment records, and financial documentation.
• Support the preparation of project financial forecasts and funding requirements to facilitate effective planning and decision-making.
• Perform other project finance, cost accounting, and financial management duties as assigned by management.

Requirements:

• A minimum of 5 years of experience
• A minimum of a degree in a related field
• Strong Microsoft Excel skills.
• Critical thinking and practical problem-solving.
• Excellent communication and organisational skills.
• Ability to manage multiple priorities and meet deadlines.
• Strong attention to detail and commitment to accurate reporting
• Able to respond to audit queries relating to Property, Plant and Equipment (PPE).