Job Opportunities

Job Description

Our client, market leader in the Engineering - Project Management Sector is looking to hire a Project Accountant based in Sandton

The Project Accountant will be instrumental in managing the company's financial operations. This role includes preparing financial statements, analysing financial data, generating monthly reports, and ensuring adherence to accounting standards. Additionally, the Project Accountant will work closely with various departments to support financial planning, budgeting, and strategic decision-making

Duties and Responsibilities:

Financial Reporting & Analysis

• Prepare management accounts, project reports, and project cash flow statements, ensuring accuracy and compliance with accounting standards
• Conduct financial analysis, including variance, profitability, and trend analysis, to provide actionable insights and recommendations
• Generate monthly, quarterly, and annual financial reports for internal and external stakeholders
• Assist in preparing regulatory filings, such as tax returns and government reports

Management Accounting, Project Reporting & Reconciliation

• Maintain the general ledger and ensure the accuracy and integrity of financial data for management accounting and project reporting
• Perform month-end and year-end closing activities, including journal entries, accruals, and reconciliations
• Conduct regular account reconciliations to identify and resolve discrepancies promptly
• Support the implementation and enhancement of accounting processes and internal controls

Budgeting & Forecasting

• Collaborate with the finance team to develop bi-annual budgets and periodic financial forecasts
• Monitor actual financial performance against budgeted targets and provide variance analysis
• Assist in preparing budget reports and presentations for the Executive Committee and key stakeholders
• Submit bi-annual budgets to the group company
• Offer recommendations to optimize costs and improve expenditure management

Banking

• Verify bi-monthly payments for approval and processing
• Conduct Forward Exchange Contract revaluation for managerial review

Accounts Receivable

• Prepare and issue debtor invoices and statements
• Perform month-end and year-end closing activities for Accounts Receivable
• Conduct monthly accounts receivable revaluations within the ERP system
• Prepare weekly and monthly debtor reports for internal stakeholders

Costing

• Perform project cost accounting, including budgeting and cost tracking, for managerial review
• Work with project managers and cross-functional teams to develop project budgets and cost estimates
• Analyse project costs monthly, comparing actual expenditure against budgets, and provide variance analysis reports
• Update contract costing in the ERP system

Compliance & Audit Support

• Ensure adherence to relevant accounting principles, standards, and regulations.
• Support internal and external audits by providing required documentation and explanations
• Assist in implementing and maintaining internal controls to safeguard company assets

Teamwork, Development & Training

• Contribute to the development and implementation of accounting policies and procedures
• Collaborate with teams across finance, engineering, commercial, and drawing office functions to resolve accounting-related issues and enhance financial processes
• Stay updated on changes in accounting regulations and apply them as necessary

Minimum Requirements:

Education and Experience:

• Bachelor's degree in accounting, Finance, CIMA or related field
• Minimum 5 years' experience in Management or Project Accounting, preferably within the engineering or metallurgy industry
• Experience with financial software and ERP system

Knowledge and Skills:

• Strong proficiency in financial analysis and financial reporting 
• Advanced proficiency in MS Excel and other MS Office applications  
• Exceptional attention to detail and accuracy
• Strong analytical abilities with a problem-solving mindset
• Excellent communication and interpersonal skills