Accountant at Domeo Resources International (DRI)

Main Function

• The Accountant will be responsible for managing the company's financial operations. This includes project cost accounting, contract billing, subcontractor payments, and compliance with industry-specific financial regulations.
• The role requires a results-driven professional who can maintain financial accuracy across multiple active projects while supporting the overall financial health of the organization.

Role Responsibilities
Project Cost Accounting:

• Set up and maintain cost codes and cost centers for each construction project.
• Track and allocate project expenditures including labour, materials, equipment, and subcontractor costs.
• Prepare and review job cost reports to monitor project profitability and budget performance.
• Identify and report cost overruns, variances, and financial risks on active projects to management.
• Liaise with project managers and site teams to ensure accurate and timely cost data.

Contract Billing & Revenue Recognition:

• Prepare progress billings, interim valuations, and final accounts in line with contract terms.
• Manage the processing of client invoices, retention deductions, and variation claims.
• Apply appropriate revenue recognition principles (e.g., percentage of completion) for ongoing contracts.
• Monitor receivables and follow up on outstanding payments from clients and partners.

Subcontractor & Vendor Management:

• Process and verify subcontractor payment certificates and invoices in line with contract agreements.
• Manage accounts payable for suppliers, vendors, and subcontractors, ensuring timely and accurate payments.
• Reconcile subcontractor accounts and resolve payment disputes as required.
• Ensure withholding tax (WHT) deductions are correctly applied and remitted on subcontractor payments.

General Finance & Accountin

• Maintain accurate general ledger entries and ensure all financial transactions are properly recorded.
• Perform monthly bank reconciliations and ensure all accounts are balanced and up to date.
• Prepare monthly, quarterly, and annual financial statements for management review.
• Support the preparation of annual audits and liaise with external auditors.

Budget & Cost Control:

• Support the preparation of project budgets and company-wide annual budgets.
• Monitor actual costs against budgets across all projects and departments.
• Provide financial analysis and recommendations to reduce costs and improve margins.
• Implement cost-control measures and enforce financial policies across project sites.

Compliance & Taxation:

• Ensure accurate and timely filing of VAT, PAYE, WHT, CIT, and Pension obligations.
• Maintain compliance with FIRS, LIRS, and other relevant regulatory authorities.
• Ensure construction contracts comply with applicable tax and financial regulations.
• Organize and maintain financial records to support internal and external audits.

Payroll & Treasury:

• Coordinate monthly payroll processing for office and site-based staff, including casual and contract labor.
• Manage petty cash, site impress accounts, and fund disbursements across project locations.
• Monitor cash flow and prepare projections to support project financing and working capital management.
• Maintain banking relationships and oversee fund transfers and payments.

Asset & Equipment Accounting:

• Maintain the fixed asset register, including construction equipment, vehicles, and machinery.
• Record asset acquisitions, disposals, and depreciation accurately.
• Track equipment usage costs and allocate to relevant projects.
• Support periodic asset verification and reconciliation exercises.

Reporting & Communication:

• Prepare timely and accurate financial reports for management, including project-level and company-level summaries.
• Communicate financial performance and risks clearly to project managers and senior leadership.
• Provide mentorship and guidance to junior finance staff and interns.
• Escalate significant financial issues or discrepancies to management promptly.

Qualifications and Requirements
Education and Certifications:

• Bachelor's Degree or HND in Accounting, Finance, or a related field.
• Professional certification (ACA, ACCA, ICAN, or equivalent) is required or in advanced stages of completion.

Experience:

• Must have 3 – 5 years of relevant accounting experience, preferably within the construction, engineering, or real estate sector.
• Demonstrated experience with job costing, contract billing, and project-based financial management.
• Familiarity with subcontractor payment processes and construction contract administration is a strong advantage.

Skills:
Accounting & Financial Skills:

• Strong knowledge of accounting principles (GAAP/IFRS) and construction financial processes.
• Proficiency in job costing, progress billing, and contract revenue recognition.
• Experience with tax computations, statutory filings, and regulatory compliance in Nigeria.

Analytical & Organizational Skills:

• High attention to detail with strong numerical and analytical ability.
• Ability to manage finances across multiple simultaneous projects and meet strict deadlines.
• Strong organizational skills with a systematic approach to documentation and record-keeping.

Technical Skills:

• Advanced proficiency in Microsoft Excel and other Microsoft Office tools.
• Working knowledge of accounting or construction management software (e.g., QuickBooks, Sage, Procore, SAP, or similar).
• Ability to generate and interpret financial reports from accounting systems.

Communication & Leadership:

• Strong written and verbal communication skills.
• Ability to collaborate effectively with project managers, site supervisors, and non-finance stakeholders.
• Demonstrated ability to supervise and develop junior finance team members.

Professionalism & Integrity:

• High level of integrity and discretion in handling confidential financial information.
• Professional attitude with a strong commitment to accuracy and accountability.
• Adaptable and effective in a fast-paced, project-driven work environment.