Project Accountant at Insiteful Solutions

Position Brief

• Reporting directly to the Head of the institution, the Project Accountant will be responsible for maintaining accurate accounts and records relating to funds from international multi-lateral agencies and funds earmarked for specific projects
• S/he will ensure that all financial transactions comply with set policies and procedures, international and local financial standards, and internal controls.

Principal Accountabilities

• Ensuring timely input of data required for preparation of monthly financial statements; checking completeness and validity of payments before posting into general ledger.
• Ensuring availability of relevant information for the preparation of balance sheets in a timely manner, as will be stipulated in the terms of engagement
• Preparation of Projects periodic Financial Reports, Statement of Expenditures (SOE) and accounts replenishments.
• Managing, updating and reconciling all project accounts
• Ensure that project expenditures are in compliance with the appropriate donors policy and regulations.
• Monitor the financial and budget- implementation of project work plans and provide on regular basis an informed report to the management.
• Periodic reconciliation of applicable bank accounts and creditor/debtors accounts to ensure their correctness and give recommendations on how to resolve any differences
• Checking all payments from project accounts to ensure accuracy and that all amounts are accounted for
• Ensure that Receivables and Payables are duly recorded and followed up on for prompt settlement
• Develop, maintain, and analyse budgets, preparing periodic reports that compare budgeted costs to actual costs.
• Prepare payments by verifying supporting documentation, obtaining payment authorization and preparing payment advice/cheques.
• Monitoring and reinforcing internal controls and any other duties that may be assigned from time to time

Key Skills and Qualifications

• Chartered Accountant (Associate/Fellow/Member of the Institute of Chartered Accountants of Nigeria (ICAN) or its international equivalent) with a minimum of Bachelor's Degree in Accounting or Finance
• At least 3 years’ experience working with project funds from donor agencies and multi-lateral organizations
• Knowledge of at least two major accounting software packages
• Knowledge of IPSAS standards and procedures for financial reporting
• Must be willing to periodically work outside normal office hours

Compensation

• A competitive total-cost-to-employer benchmarked on current market rates.