Cost Accountant at Mshel Homes Ltd

Job Summary

Mshel Homes Limited seeks a detail-oriented Cost Accountant to provide accurate cost analysis, financial control, and contract cost reporting across the company's real estate development and construction projects.

Key Responsibilities

• Monitor and track all costs associated with construction and real estate contracts, ensuring expenditures remain within approved budgets.
• Review and validate contractor and subcontractor invoices, progress claims, and payment certificates against contract schedules and work done.
• Prepare and maintain contract cost schedules, cash flow projections, and cost-to-complete estimates for all active development projects.
• Analyse contract variations, change orders, and claims — assessing financial impact and advising the Contract Management team accordingly.
• Identify and escalate cost overruns, irregularities, or financial risks early, with recommended corrective actions.
• Prepare monthly, quarterly, and project-end cost reports highlighting budget vs. actual performance, variances, and financial risks.
• Conduct detailed cost analysis covering materials, labour, plant, and overhead to support informed financial decision-making.
• Reconcile contract costs in the accounting system and ensure accurate allocation to relevant project cost centres and general ledger accounts.
• Support the preparation and management of project budgets, conducting ongoing variance analysis and recommending cost control measures.
• Assist in contractor and supplier evaluation, reviewing BOQs, pricing schedules, and rate analyses to ensure value for money.
• Ensure all contract cost transactions are properly documented and compliant with company financial policies, accounting standards, and Nigerian regulatory requirements.
• Support internal and external audit processes by providing accurate cost data, documentation, and financial records as required.

Qualifications & Requirements

• Bachelor's degree or HND in Accounting, Finance, Quantity Surveying, or a related discipline.
• Professional certification or membership in ICAN, ACCA, CIMA, or NIQS is an added advantage.
• Minimum of 3–5 years of experience in cost accounting or project cost control, preferably in construction or real estate.
• Demonstrable experience in reviewing BOQs, contract valuations, and contractor payment certifications.
• Proficiency in advanced Microsoft Excel and accounting/ERP software; familiarity with Nigerian tax regulations (WHT, VAT) applicable to construction contracts.

What We Offer

• Competitive salary and performance-based incentives.
• Opportunities for professional growth and development.
• A collaborative and innovative work environment.
• The chance to make a meaningful impact within the real estate industry.