PROJECT COST ACCOUNTANT

SUMMARY:
Be an integral part of the project team, ensuring that projects are done within budget and all project costs are accounted for Areas of experience: Construction IFRS and related standards Monitor, investigate variances and approve expenses on progress of projects Maintain and review the GL and reconcile Balance Sheet accounts

POSITION INFO:

KEY PERFORMANCE AREAS:

1. Develop, update, analyse and report on all Project Cost and Variance:

• Responsible for reporting on budget against actual on a monthly basis for contract expenditure
• Develop, implement and maintain a strategy focusing, tracking, analysing and reporting on project cost.
• Develop, implement and maintain a strategy for tracking and setup of estimating budgets and cost control

2. Compile reports

• Create and maintain reports to accurately reflect the current budgets, invoices and committed costs, cost to complete estimates, budget variances and cash flow projections.
• Ensure that intercompany transactions are captured and ensuring that inter-company loan accounts balance.
• Maintain and prepare monthly trends using the long-term costs plans as the basis. Develop the reports that compares monthly trends between long term cost plan, actual budget and project charter.
• Reconciles long term cost plans (LTCP''s) prepared by PMID to finance records in GL.
• Prepares and submit monthly status reports and progress performance evaluations to various stakeholders.
• Prepares monthly managements reports on expenditure on projects, ensuring reconciliation on GL and PMID reports.

3. Manage the interface with Finance

• Update current policies and procedures to suit new developments and changes within the organisation and where necessary, develop new policies and procedures.
• Establish standards methods and procedures to be used by other divisions
• Maintain quality assurance and control on assigned projects schedules.

4. Backup Assistant Management Accountant

• Performs other duties as assigned by management.
• Prepare lessons learned on completed projects.

REQUIREMENTS

• BCOM Accounting or equivalent.
• Honours degree will be advantageous.
• 5 years experience in financial & Management Accounting reporting environment.
• Preferably experience in project cost accounting on construction projects.
• Budget management, preparation and consolidation experience is a must.

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