Our client in the telecommunications industry is looking to hire a Project Accountant for a 12-month contract to be based in Midrand.
Role Overview :
A project accountant plays a crucial role in managing the financial aspects of specific projects within an organization. They are responsible for tracking project expenses, ensuring budgets are adhered to, and forecasting financial outcomes. Additionally, they analyze financial data to provide insights and recommendations to project managers and stakeholders, helping them make informed decisions. Ultimately, their role is essential in maintaining financial discipline and transparency throughout the project lifecycle.
Minimum Requirements:
- BCom Accounting degree or similar
- Completed SAICA Articles (med to large sized company) or audit experience for large projects
- Minimum of 3+ years working experience within Industrial / Engineering Companies in Accounting
- Experience in public sector projects, mining or power utility sector will be an advantage
- Exposure to NEC3 contract project would be an advantage
Key Responsibilities:
- Budgeting and forecasting: Managing a project budget, including forecasting future costs and revenue.
- Cost accounting: Tracking and analysing project costs against collected revenue.
- Financial reporting: Developing Project Financial Metrics, preparing financial reports and presenting financial information to project stakeholders.
- Financial risk management: Identifying and managing financial risks associated with the project, such as cost overruns or revenue shortfalls.
- Contract management: Ensuring that financial terms of contracts with clients and vendors are adhered to and managing any financial disputes that may arise.
- Cash flow management: Managing the flow of cash in and out of the project to ensure that there is always enough cash on hand to cover expenses.
- Monthly financial reports: Financial reports that track the project's financial performance against the budget, including actual costs, revenue, and any variances from the budget.
- Cash flow projections: Forecasts of the project's cash flow over time, including expected inflows and outflows of cash, to help ensure that there is always enough cash on hand to cover project expenses.
- Risk assessments: Identification and assessment of financial risks associated with the project, along with strategies to mitigate those risks.
- Financial analysis: Analysis of project finances to identify areas for cost savings or revenue growth opportunities.
- Invoicing and billing: Management of invoicing and billing processes to ensure that clients are accurately billed for project work and that vendor invoices are paid on time.
- Cost Management of the Project: As per the respective budget and the relevant work breakdown structures.
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