• Application Deadline: Tue, 10 Dec 2024 00:00:00 GMT
• Position: Project Accountant (Construction Industry)



• Job Type Full Time



• Qualification BA/BSc/HND



• Experience 2 years



• Location Lagos




• City Lekki




• Job Field Finance / Accounting / Audit 
  
  

Job Description

• We are looking for a highly skilled Project Accountant to manage the financial aspects of our construction projects.


• The successful candidate will be responsible for overseeing project budgets, forecasting, tracking costs, and ensuring accurate financial reporting.


• This role requires strong analytical abilities, a solid understanding of accounting principles, and experience in the construction industry.

Key Responsibilities

Project Budgeting & Forecasting:

• Prepare and maintain project budgets and forecasts, ensuring alignment with contract terms, change orders, and project timelines.


• Monitor and track project expenses, identifying any discrepancies and working with project managers to resolve issues.


• Analyze cost reports, project profitability, and cash flow to ensure project financials are on track.

Billing & Invoicing:

• Prepare and submit progress billings, change orders, and final invoicing in accordance with project timelines and contract requirements.


• Coordinate with project managers and clients to ensure timely payment and resolve any billing-related issues.

Cost Tracking & Reporting:

• Maintain accurate records of all project costs, including labor, materials, subcontractors, and overheads.


• Provide detailed monthly financial reports, including cost analysis and variance reports, to senior management.


• Ensure all financial transactions are recorded and reconciled in compliance with accounting standards and company policies.

Job Costing & Financial Analysis:

• Perform detailed job costing, analyze project variances, and assist in identifying cost-saving opportunities.


• Collaborate with the project team to identify and resolve any financial discrepancies or issues.

Compliance & Audit:

• Ensure that all financial documentation, including contracts, invoices, and change orders, complies with industry regulations and company policies.


• Assist with internal and external audits as required.

Collaboration & Communication:

• Work closely with project managers, estimators, and senior management to provide financial insights and support decision-making.


• Participate in project meetings to provide financial updates and assist in managing the financial health of the project.

Qualifications

• Bachelor’s Degree in Accounting, Finance, or a related field (or equivalent work experience).


• Minimum of two(2) year of experience in accounting or project accounting, preferably within the construction industry.


• Strong understanding of construction accounting principles, including job costing, change orders, and progress billing.


• Proficiency in accounting software (e.g., Sage 300, Procore, Viewpoint, QuickBooks, or similar).


• Advanced Excel skills (e.g., pivot tables, VLOOKUP, data analysis).


• Knowledge of industry standards, regulations, and financial reporting requirements.


• Excellent organizational skills with the ability to manage multiple projects and deadlines.


• Strong attention to detail and analytical skills.


• Ability to work independently and as part of a team, with excellent communication skills.

Preferred Qualifications:

• CPA or CMA designation preferred, but not required.


• Experience with construction management software or ERP systems.


• Previous experience in a project accounting role for a large-scale construction firm, particularly with ready-mix concrete projects.