Project Accountant at Stretchit Concept Limited

SUMMARY

The project accountant position will be accountable for monitoring the progress of projects, investigating variances/ discrepancies, and ensuring that project billings are issues to customers and clients and payments collected in timely manner.

The Project Accountant will also be responsible for providing high-level financial analysis on a portfolio of projects through their life cycle and must thoroughly understand the financial components of a project and proactively work with Project Managers to monitor and analyze project performance against budget.

Principal Accountabilities:

• Create project accounts in the accounting system for each project and tracks profitability.
• Maintain project-related records, including contracts and change orders.
• Track access to project accounts
• Monitor the transfer of expenses into and out of project-related accounts.
• Review and track supplier invoices related to project, ensure detailed and accurate information is provided.
• Review and track time sheets for work related to a project.
• Review and track overhead charges to be applied to a project.
• Review account totals/ milestones related to project assets and expenses- project team and SBCs and sending reports when project finished to show the position of the project.
• Investigate project variances and submit variance reports to related personnel with consequence management.
• Confer with receivable staff regarding unpaid contract billings and ensure this is done within the stipulated time.
• Report on project profitable to management on a weekly basis
• Report to management on any opportunities for additional billings
• Report to management regarding the remaining funding available for projects vis- a vis budget agreed for the project.
• Create or approve all project-related billings to customers and ensuring prompt payments by following up aggressively without been reminded.
• Investigate all project expenses not billed to customers.
• Respond to requests for more details from customers by ensuring all Pos are received and billed accordingly in timely manner.
• Track and chase POs, Payments, ensure necessary supporting documents are submitted and daily updates given.
• Close out project accounts upon project completion by ensuring all JCCs are duly signed and invoiced for and send final profitable reports on such project.
• Crete and submit government reports and tax returns related to projects.
• Compile information for internal and external auditors, as required.
• Maintains company’s confidence and protects operations by keeping financial information confidential.
• Reconcile financial discrepancies by collecting and analyzing account information.
• Secure financial information by completing database backups.
• Summarizes current financial status by collecting information, preparing balance sheet, profit and loss statement, and other reports on a quarterly basis and End of year.
• Contribute to team effort by accomplishing related results as needed with no mistakes.
• Send weekly report on the company’s payment tracker/ invoice tracker.

SKILLS/QUALIFICATIONS

• A degree in Accounting or Finance (or equivalent) with 4 - 6 years accounting experience in a corporate setting.
• Minimum of 2 years’ experience in project Accounting
• Recognized professional accreditation (ICAN, CPA, CIMA, ACCA etc.) is an added advantage.
• Proficient in the use of Microsoft office suite.
• Familiar with the use of financial and accounting software applications.
• Experience in preparing budgets, financial reports, statements, and projections for use by management.
• Conversant with federal and state financial regulation, applicable laws and regulations.
• Excellent communication, presentation skills and ability to work independently.
• Ability to identify, flag and solve problems from start to finish.
• Thorough knowledge of and ability to apply extensive expertise to complex principles and
• Ability to multi-task, manage multiple projects financial transactions and meet deadlines as required.