Project Accountant

Double Dynasty Holdings Sdn Bhd; Kuching; On-site; MYR 70,000 - 110,000; Full time

Job summary

DD Group of Companies is seeking a Project Accountant to join the Finance team and oversee financial performance of projects. You will work with Project Managers and other departments to ensure costs, revenue, cash flow and profitability are accurately monitored and controlled.

The role requires a degree in accounting or finance, and professional qualifications are advantageous. 3–5 years of project accounting experience in construction or project-based industries is preferred, with strong

Qualifications

• Bachelor's Degree in Accounting, Finance or related field.
• Professional accounting qualification such as ACCA, CPA, MIA or equivalent is advantageous.
• 3–5 years of relevant accounting experience, preferably in construction, engineering or project-based industry.
• Experience in project accounting, project costing or project financial reporting preferred.
• Strong analytical, numerical and problem-solving skills with good attention to detail.
• Proficient in Microsoft Excel and accounting/ERP systems.
• Good communication and interpersonal skills with Finance and non-Finance teams.
• Familiarity with progress claims, variation orders, subcontractor costs, retention, WIP and cost-to-complete is advantageous.

Responsibilities

• Prepare and maintain project budgets, cost codes and financial records.
• Monitor project costs and expenditure against approved budgets and identify potential cost overruns.
• Track project costs including materials, labour, subcontractors, equipment and other project-related expenses.
• Monitor project revenue, progress claims, billing, collections and retention sums.
• Prepare project profitability reports, budget-versus-actual analysis and variance reports.
• Prepare project cost forecasts and monitor cost-to-complete and projected profitability.
• Monitor variation orders, claims and other commercial matters affecting project financial performance.
• Assist with project cash flow monitoring and monthly financial reporting.
• Work closely with Project Managers, Quantity Surveyors, Procurement and other departments on project financial matters.
• Ensure accurate cost allocation, proper documentation and compliance with accounting policies.
• Highlight financial risks, cost pressures and potential project issues to management.
• Assist with month-end closing, WIP, accruals, audits and other project accounting matters.

Skills

Analytical skills

Numerical skills

Problem-solving

Attention to detail

Communication skills

Interpersonal skills

Education

Bachelor's Degree in Accounting, Finance or related field

ACCA/CPA/MIA or equivalent

Tools

Microsoft Excel

ERP systems

Job description

We are looking for aProject Accountantto join our Finance team and take responsibility for monitoring the financial performance of our projects.

You will work closely with Project Managers and other departments to ensure project costs, revenue, cash flow and profitability are accurately monitored and effectively controlled.

Job Responsibilities:

• Prepare and maintain project budgets, cost codes and financial records
• Monitor project costs and expenditure against approved budgets and identify potential cost overruns
• Track project costs including materials, labour, subcontractors, equipment and other project-related expenses
• Monitor project revenue, progress claims, billing, collections and retention sums
• Prepare project profitability reports, budget-versus-actual analysis and variance reports
• Prepare project cost forecasts and monitor cost-to-complete and projected profitability
• Monitor variation orders, claims and other commercial matters affecting project financial performance
• Assist with project cash flow monitoring and monthly financial reportingWork closely with Project Managers, Quantity Surveyors, Procurement and other departments on project financial matters
• Ensure accurate cost allocation, proper documentation and compliance with accounting policies
• Highlight financial risks, cost pressures and potential project issues to management
• Assist with month-end closing, WIP, accruals, audits and other project accounting matters

Requirements:

• Bachelor's Degree in Accounting, Finance or a related field
• Professional accounting qualification such asACCA, CPA, MIA or equivalentis an advantage
• Minimum 3–5 years of relevant accounting experience, preferably in the construction, engineering or project-based industry
• Experience in project accounting, project costing or project financial reporting is preferred
• Strong analytical, numerical and problem-solving skills with good attention to detail
• Proficient in Microsoft Excel and accounting/ERP systems
• Good communication and interpersonal skills, with the ability to work effectively with both Finance and non-Finance teams
• Familiarity withprogress claims, variation orders, subcontractor costs, retention, WIP and cost-to-completewill be an advantage.

DD Group of Companies is a well-established group involved in oil palm plantations, palm oil milling, property development, as well as hotels operations. The Group has operation mainly in East & West Malaysia