Project Accountant

Our client focusing on Infrastructure development in Africa, urgently looking to employ an Project Administrator Sandton, Johannesburg.

Start date January 2016 or earlier if possible.
The salary is R800k – R1 million per annum.

REQUIREMENTS:
• Bachelor Degree in Finance, Accounting or a relevant field
• 5-10 years’ experience in the field of Project Accounting
• Computer literacy with advanced experience on MS Excel
• Good understanding of Project Management
• Good understanding of budgets and timelines
• Knowledge of project contracts

• The person must be able to work in a fast paced working environment and be able to manage pressure.
• Must have projects experience but it would be of an advantage if the person has worked on construction projects/gas or oil pipeline projects etc.

DUTIES AND RESPONSIBILITIES:
• Create the project accounts in the accounting system
• Maintain project related accounting records, including contracts, invoices, statements….
• Authorize access to project accounts
• Review and cost supplier invoices related to specific projects and forward to project manager for approval
• Authorise transfers of expenses into and out of accounts related to specific projects
• Record time sheets for work completed on or related to specific projects as may be required
• Review and provide variance analysis on the project costs (actual to budget to forecast) to Management
• Communicate and report on project financial position to Management
• Prepare and track all project accruals for activities incurred not yet invoiced, based on agreed milestones
• Communicate and provide feedback to the Cost Engineer when additional details are requested.
• Liaise with the Finance Corporate team to ensure there is alignment between the cost accounting in the project and in the books of the Group.
• Provide any additional costs reports as may be necessary to the group and to JV partners
• Prepare Quarterly Board reports for the JV partners and the Board of our client
• Close out project accounts upon project completion and transfer the costs to the asset register
• Compile information for internal and external auditors when required.
• Compile and submit tax returns related to projects
• Provide a report to management on the remaining funding available for projects