Project & Cost Accountant Job at International Energy Services Limited

An International Energy Services Company is currently recruiting suitably qualified candidates to fill the position below:

Job Position: Project & Cost Accountant

Job Location: Ikoyi, Lagos
Employment Type: Full Time

Job Objective

  • Accountable for monitoring the progress of projects, cost control, cost analysis, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected

Job Responsibilities

  • Create project accounts in the accounting system.
  • Create or approve all project-related billings to customers.
  • Investigate all project expenses not billed to customers.
  • Close out project accounts upon project completion.
  • Provide cost control, oversight and prepare financial forecasts on all projects
  • Maintain project-related records, including contracts and change orders.
  • Authorize access to project accounts and the transfer of expenses into and out of project-related accounts.
  • Review and approve supplier invoices related to a project, time sheets for work related to a project and 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 management.
  • Confer with receivables staff regarding unpaid contract billings.
  • Report to management on project profitability, any opportunities for additional billings and funding available for projects
  • Create and submit government reports and tax returns related to projects.
  • Compile information for internal and external auditors, as required.
  • Any other related duties assigned from time to time.
  • Collect cost information and maintain an expenses database
  • Construct data accumulation systems
  • Analyze and report profit margins
  • Prepare (monthly, quarterly and annual) cost forecasts
  • Assisting in month-end and year-end closing
  • Identify and recommend cost-effective solutions

Key Responsibility

  • He/she monitors the progress of projects, investigates variances, approves expenses, and ensures that project billings are issued to customers and payments collected
  • They may also assist with the development of the financial aspects of the business case for each proposed project.

Job Qualifications

  • B.Sc
  • Experience: 6 - 10 years.

Method of Application
Interested and qualified candidates should send their Application in MS Word to: and copy using the Job Title as the subject of the email.

Click here to Apply