Project Accountant (Real Estate/Construction Experience) at Netconstruct Nigeria Limited

Job Summary

• The Project Accountant manages financial activities related to real estate projects, ensuring accurate accounting, budget management, and compliance with economic policies.
• This role provides critical financial insights, supports project teams, and ensures project profitability through effective cost control and reporting.

Key Responsibilities

Project Financial Management:

• Oversee the financial aspects of projects from inception to completion.
• Monitor project budgets, ensuring they are adhered to and reporting any variances.
• Prepare project cost forecasts and financial performance analyses.

Accounting and Record-Keeping:

• Maintain accurate financial records for all project-related transactions.
• Post transactions to the general ledger and reconcile accounts as needed.
• Ensure timely invoicing to clients and follow up on receivables.

Budgeting and Cost Control:

• Develop and monitor project budgets in collaboration with project managers.
• Identify potential cost overruns and recommend corrective actions.
• Track expenses against budgets and provide monthly variance reports.

Reporting:

• Prepare financial reports for management, including profit and loss statements, balance sheets, and project cash flow analyses.
• Provide periodic updates on project financial performance to stakeholders.

Compliance and Risk Management:

• Ensure compliance with company policies, financial regulations, and tax laws.
• Conduct internal audits to verify financial accuracy and adherence to budgets.
• Highlight financial risks to project success and propose mitigation strategies.

Collaboration:

• Work closely with project managers, procurement teams, and other departments to align financial management with project timelines and objectives.
• Liaise with external auditors, contractors, and clients regarding financial matters.

Cash Flow Management:

• Monitor cash flow for projects and ensure adequate funding is available.
• Manage payments to contractors, vendors, and suppliers in line with approved budgets.