Project Accounting

Qualifications:
Education & Experience:
● Bachelor’s degree in Accounting, Finance, or related field.
● Proven experience in construction accounting or project accounting roles for at least 5 years.
● Familiarity with construction industry standards, cost control methods, and financial reporting practices.

Responsibilities:
Financial Management & Reporting:
● Maintain detailed financial records for multiple construction projects.
● Prepare and review project budgets, forecasts, and cost reports.
● Monitor project expenses, ensuring alignment with budgets and identifying cost variances. ● Track project costs, including labor, materials, equipment, and subcontractor expenses. ● Manage accounts payable (AP) and accounts receivable (AR) specific to project activities. ● Generate and submit accurate financial reports to stakeholders.
Billing & Invoicing:
● Prepare and submit progress billings and invoices in accordance with contract terms. ● Ensure timely collection of payments and manage cash flow for projects.
● Reconcile project-related accounts and ensure correct allocations.
Compliance & Documentation:
● Ensure adherence to company policies, accounting standards, and regulatory requirements. ● Manage project-related documentation, such as variation orders, contracts, and purchase orders.
● Assist with internal and external audits by providing relevant documentation and explanations.
Collaboration & Support:
● Work closely with business development manager, quantity surveyor, site supervisors, and procurement teams to align financial objectives with project milestones.
● Provide financial insights and analysis to support decision-making.
● Assist with resolving financial discrepancies or disputes.