Project Accountant

We are looking for Project Accountant who will be responsible for managing the financial aspects of assigned projects, ensuring accuracy in cost tracking, budgeting, forecasting and compliance with financial policies. The role involves working closely with project managers, finance teams, and external stakeholders to ensure projects are completed within budget and financial risks are minimised.

• Monitor and track project budgets, actual costs, and variances.
• Prepare financial reports, forecasts, and variance analyses for management.
• Assist in cash flow management and project financial planning.

2. Budgeting & Cost Control

• Assist in the preparation of project budgets and cost estimates.
• Review and approve project-related expenses, invoices, and purchase orders.
• Identify potential cost overruns and recommend corrective actions.
• Assist with interim payment certificate and claims
• Assist with contract price adjustment calculation for both customer and suppliers

3. Compliance & Auditing

• Ensure all financial transactions comply with South African Revenue Service (SARS) tax regulations, including VAT and PAYE.
• Maintain proper documentation and records for internal and external audits.
• Assist in the preparation of audit files and support external auditors as required.

4. Accounts Payable & Receivable

• Process invoices and payments related to project expenditures.
• Reconcile project accounts and resolve discrepancies.
• Monitor outstanding receivables and liaise with clients on payments.

5. Stakeholder Coordination

• Work closely with project managers to ensure financial goals align with project objectives.
• Liaise with procurement, finance, and administrative teams to streamline processes.
• Communicate financial updates and risks to relevant stakeholders.

Qualifications and Experience

• Bachelor’s degree in Accounting, Finance, or a related field.
• Professional certification (e.g., SAIPA, SAICA, CIMA, ACCA) is an advantage.
• Minimum 3–5 years of experience in project accounting, cost accounting, or financial management.
• Experience in the construction, engineering, or contracting industry is preferred.
• Knowledge of FIDIC and NEC contract suits is an advantage.
• Knowledge of South African tax regulations, VAT, and IFRS compliance.