Senior Project Accountant at Raycon & Company Nigeria Limited

Main Responsibilities

• Managing project budgets and financial forecasts
• Tracking project expenses and revenue
• Reviewing contracts and ensuring financial compliance
• Providing financial analysis and recommendations
• Collaborating with project teams and stakeholders
• Attend project kick off meeting. Review contracts. Note items concerning financial matters such as billing requirements, change order procedures reimbursable v. non-reimbursable costs, allowable mark-ups, fee structure and retainage requirements.
• Obtain the contract and review with Estimating and Project Management to properly assign phase codes and enter original budget into accounting system.
• Generate progress payment forms for billing. Check for accuracy, job name, math errors, previous billings, and past due balances. Do not process statements for billing but review all statements to ensure that all invoices have been processed.
• Prepare monthly requisition for Project Managers’ review. Include all costs for the month including labor, general conditions, subcontractor invoices, insurance, and all applicable taxes. Make sure that the current labor rates, as per contract documents, are being used. Check that the insurance and tax rates are current.
• Work with Project Manager to update and balance all cost reports for status reports monthly. Review budget adjustments before posting. Assist the Project Manager in tracking budget and allowance expenditures.

Requirements
Education and Qualifications:

• Bachelor’s Degree in Accounting, Finance, or related field required. CPA certification preferred.

Work Experience:

• Typically requires 8 years of experience in Accounting or Finance roles, with exposure to project accounting or cost management.

Essential Skills:

• Financial analysis and reporting
• Budgeting and cost tracking
• Contract review and compliance
• Attention to detail and accuracy
• Communication and collaboration