Project Accountant

Stresert Services Limited - Our client, one of the leading Property Development Companies in Nigeria, is recruiting to fill the position below:

Job Title: Project Accountant

Location: Lagos

Job Summary

• 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.
• 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 softwares
• 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).