TThe Project Accountant is responsible for providing financial management, reporting, and control for assigned projects. It ensures accurate budgeting, cost tracking, revenue recognition, and compliance throughout the project lifecycle.

Job Summary:

The Project Accountant is responsible for providing financial management, reporting, and control for assigned projects. It ensures accurate budgeting, cost tracking, revenue recognition, and compliance throughout the project lifecycle. Working closely with finance teams, and operational departments, the role supports informed decision-making and maintains financial integrity.

Key Responsibilities: 

Project Financial Management

• Prepare and maintain project budgets, forecasts, and cost control reports.
• Track, monitor, and analyze project expenditures against approved budgets.
• Validate and process project-related invoices, purchase orders, and payment certificates.
• Ensure proper allocation of costs to the correct project codes and cost centers.

Reporting & Analysis

• Prepare monthly project financial statements, dashboards, and variance analyses.
• Report on project profitability, cash flow, and work-in-progress (WIP).
• Provide timely financial insights to project managers and senior management.
• Support preparation of project audits and external reporting requirements.

Billing & Revenue Management

• Prepare and review client billing according to contract terms and milestones.
• Ensure revenue recognition aligns with IFRS and internal accounting policies.
• Follow up on outstanding receivables and support collection efforts.

Compliance & Controls

• Ensure all project financial activities comply with internal controls, policies, and statutory requirements.
• Maintain accurate and complete project financial documentation.
• Assist in year-end audit processes and support compliance audits.

Collaboration & Stakeholder Engagement

• Work closely with project managers to interpret financial performance and guide decision-making.
• Liaise with procurement, operations, and finance teams for accurate cost tracking.
• Participate in project review meetings and provide financial insights.

Job Requirements:

• Bachelor’s degree in Accounting, Finance, or related field.
• Professional qualifications (ACCA, CIMA, ACA, CPA) are an advantage.
• 3-4 years accounting experience, preferably in project-based industries (engineering, construction, energy, IT, etc.).
• Strong knowledge of project accounting principles and cost control.
• Proficiency in financial reporting and analysis.
• Solid understanding of revenue recognition and budgeting
• Strong attention to detail and accuracy.
• Good planning and coordinating skills.
• Analytical mindset with emphasis on root cause and prevention.
• Must be available to work odd hours and meet tight deadlines.
• A team player with good communication and interpersonal skills.
• Being a Self-starter and self-motivated is critical.