Project Accountant

Project Accountant

Responsibilities

• Budgeting and forecasting: Managing a project budget, including forecasting future costs and revenue.
• Cost accounting: Tracking and analysing project costs against collected revenue
• Financial reporting: Developing Project Financial Metrics, preparing financial reports and presenting financial information to project stakeholders
• Financial risk management: Identifying and managing financial risks associated with the project, such as cost overruns or revenue shortfalls.
• Contract management: Ensuring that financial terms of contracts with clients and vendors are adhered to and managing any financial disputes that may arise.
• Cash flow management: Managing the flow of cash in and out of the project to ensure that there is always enough cash on hand to cover expenses

Output

• Project budget: A detailed and accurate project budget that outlines all of the expected costs and revenue
• Monthly financial reports: financial reports that track the project's financial performance against the budget, including actual costs, revenue, and any variances from the budget.
• Cash flow projections: Forecasts of the project's cash flow over time, including expected inflows and outflows of cash, to help ensure that there is always enough cash on hand to cover project expenses.
• Risk assessments: Identification and assessment of financial risks associated with the project, along with strategies to mitigate those risks.
• Financial analysis: Analysis of project finances to identify areas for cost savings or revenue growth opportunities.
• Invoicing and billing: Management of invoicing and billing processes to ensure that clients are accurately billed for project work and that vendor invoices are paid on time.
• Cost Management of the Project: As per the respective budget and the relevant work breakdown structures

Experience

• Minimum of 3+ years working experience within Industrial / Engineering Companies in Accounting
• Experience in public sector projects, mining or power utility sector will be an advantage
• Exposure to NEC3 contract project would be an advantage

Qualifications

• BCom Accounting degree or similar
• Completed SAICA Articles (med to large sized company) or audit experience for large projects