Project Accountant Jobs at Stretchit Concept Limited

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Project Accountant

Job Type Full TimeQualificationBA/BSc/HNDExperience4 - 6 yearsLocationLagosJob FieldFinance / Accounting / Audit
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.

Method of Application

Interested and qualified candidates should forward their CV to: [email protected] using the position as subject of email.