Cost/Project Accountant at International Energy Services Limited (IESL)

Job Objective: Responsible for project accounting and reporting, cost control & analysis, support project budgeting, investigating variances, approving expenses, monitoring and controlling of projects costs. Ensures project vendors are timely paid with valid and approved documentation and project billings issued to customers are dully receipted.

Job Responsibilities:

•  Create project accounts/ WBS in the accounting system.
•  Provide cost control, oversight and prepare financial forecasts on all projects.
• Maintain and support project controls with project-related records, including contracts and change orders.
• Authorize access to project accounts and the transfer of expenses into and out of project-related accounts.
•  Review and approve supplier invoices related to a project, time sheets for work related to a project and overhead charges to be applied to a project.
• Review account totals related to project assets and expenses.
• Investigate project variances and submit variance reports to management.
• Confer with receivables staff regarding unpaid contract billings.
• Report to management on project profitability, any opportunities for additional billings and funding available for projects
• Create or approve all project-related payments to vendors.
•  Create or approve all project-related billings to customers.
•  Investigate all project expenses not billed to customers.
• ·Close out project accounts upon project completion.
• Create and submit government reports and tax returns related to projects.
• Compile information for internal and external auditors, as required.
•  Any other related duties assigned from time to time.

Qualifications/Requirements:

•  Bachelor’s degree in Accounting or a Finance related field.
•  Must be a qualified Chartered Accountant
•  Certification in Project Management and possession of MBA is an added advantage.
•  Proficient use of Microsoft office tools is a must, (Microsoft Excel, Word, and PowerPoint are essential)
•  Engineering qualification/certification is an added advantage.
• Proficiency in accounting software (SAP- FICO)
• Strong knowledge of project contract, cost analyst, budgeting techniques, financial control practices and reporting
• At least 5 years of experience in Project & Cost Accounting.
• Experience and knowledge of Oil & Gas is an added advantage.