Project Accountant at Alfred & Victoria Associates

Location: Port Harcourt, Rivers
Department: Finance & Accounts

Job Summary & Purpose

• This role must ensure accurate reporting and analysis of Project’s financial transactions.
• It will also be responsible for effectively managing the project’s financial resources as well as recommending strategies for managing operational costs and ensuring profitability of the project.
• Timely, accurate and regular reporting of project’s performance is an integral part of this role.

Organisational Relationships:

• Reports to: Group Head, Human Resources and Office Services
• Direct Reports:
  • Deputy Head, NCDMB, Learning and Development
  • Learning Management System Administrator

Internal Relationships:

• Group finance
• Procurement
• HR

External Relationship:

• Project Manager
• Financial Controller.

Responsibilities

• Liaise with the Project Manager to develop project budget in line with project schedules.
• Review the project budget with the financial controller (FC).
• Prepare and present periodic reports on performance of the project.
• Prepare and present reports on profitability of the project, investigate and report on variances of project revenue and costs.
• Ensure project cost is monitored regularly to avoid over spends, Ensure the cost incurred is commensurate to level of activities.
• Ensure timely issuance of invoice upon completion of milestone & follows up to ensure inflows are received for pending receivables.
• Prepare funding request, to be jointly reviewed by the Project Manager based on needs of the project.
• Ensure funds released for projects are properly managed.
• Ensure applicable taxes are deducted from vendors invoices and ensures remittance of taxes are made as at when due.
• Ensure accuracy and periodic reviews of all project related payables with account payable team and financial controller.
• Ensure that all project activities (Revenue, costs, receivables, receipt) are properly captured into the accounting software.
• Ensure accuracy and periodic review of project billings/receivable and accrued revenue/value of work done with project manager and Financial controller.
• Ensure that receivable reconciliation is done on a daily, weekly and monthly basis.

Person Specifications

• Academic Qualification: First Degree in Finance/ Accounting / Economics
• A Post graduate degree will be an added advantage
• Professional Qualification: Relevant professional qualification e.g. Institute of Chartered Accountants of Nigeria (ICAN), Association of Certified and Chartered Accountants (ACCA)
• Experience: A minimum of 3 years relevant experience. Exposure to Construction or Oil & Gas industry will be an added advantage.

Key Skills & Competencies:

• A thorough knowledge of standard contract terms and how they are applied in the billing process.
• Ability to work well with others under deadline situations and respond to changes in priorities.
• Good written and verbal communication skills and strong organizational skills.
• Ability to work independently, take initiative, set priorities and see projects through to completion.
• Employ problem-solving skills and analysis, and report problems to the Project Manager or Financial controller, as necessary.

Key Performance Metrics
Performance Area:

• Recording of transactions
• Reporting on project
• Billing timing and accuracy
• Project accounting reports.

Performance Indicators:

• Completeness and accuracy
• Complete and on time
• Complete and on time
• Complete, accurate and on time.

Salary
Very Attractive.