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

Job Description

• The Project Accountant will be responsible for ensuring the financial health and compliance of projects throughout their lifecycle.

Responsibilities
Financial Planning & Analysis:

• Develop project budgets in collaboration with project managers and stakeholders.
• Monitor and analyze project costs against budget, providing regular variance reports.
• Forecast cash flow needs for each project and ensure adequate liquidity.

Cost Management:

• Track and record all project-related expenses, including materials, labor, and subcontractor payments.
• Ensure proper allocation of costs to specific projects and phases.
• Review and approve purchase orders and vendor invoices for project-related expenses.

Financial Reporting:

• Prepare monthly, quarterly, and annual financial reports for each project, highlighting key financial metrics and trends.
• Provide detailed financial performance reports to management, including profit margins and return on investment (ROI).

Compliance & Audit:

• Ensure all project financial activities comply with company policies, tax regulations, and relevant accounting standards.
• Facilitate audits by maintaining accurate and up-to-date financial records.
• Coordinate with external auditors and provide necessary documentation during project audits.

Risk Management:

• Identify and mitigate financial risks associated with projects, such as cost overruns and delays.
• Implement and enforce internal controls to safeguard project assets and resources.

Liaison & Collaboration:

• Work closely with project managers, procurement teams, and other departments to ensure financial alignment.
• Act as the primary point of contact for financial queries related to projects.
• Support contract negotiations by providing financial insights and cost analyses.