Project Accountant - Medui

WSP; Johannesburg; On-site; ZAR 400,000 - 600,000; Full time

Job summary

A leading engineering consultancy is seeking a Project Accountant for their Medupi project. This role involves project financial management, contract administration, and working closely with project teams to ensure financial governance. Ideal candidates will have strong organizational skills, relevant qualifications, and a background in project finance.

Qualifications

• Relevant financial experience, preferably in a commercial background.
• Proficient with Microsoft Office Suite, especially Excel.
• Sound knowledge of project structures in consultancy.

Responsibilities

• Accountable for monitoring project progress and variances.
• Responsible for cost control and contract compliance.
• Preparation of financial forecasts and project risk registers.

Skills

Accounting Software

Organizational skills

Construction Experience

GAAP

Cost Accounting Standards

Education

Degree in Business & Finance / Accounting / Commercial

CIMA Certification

Tools

Microsoft Excel

Oracle Project Accounting

QuickBooks

Job description

• To apply for this position kindly email your updated CV in MS Word format to and indicate the job title AND reference number in the subject line.

Closing Date for Applications :

• 29 April 2015

Position :

• Project Accountant Medupi

Company :

• Parsons Brinckerhoff Africa (Pty) Ltd Finance Department

Company Profile :

Parsons Brinckerhoff is a professional engineering consultancy with 14000 employees who work in approximately 150 offices around the world. We assist public and private clients to plan develop design construct operate and maintain critical infrastructure projects globally.

Parsons Brinckerhoff is owned by WSP Global Inc.

In Africa we have 5 offices and employ approximately 400 people

Geographic Location :

• Bryanston Gauteng province South Africa

Industry :

• Engineering Consulting and Power Generation
Duration :

Job Description

Please Quote Reference :

• PB201593

Application Process :

To apply for this position kindly email your updated CV in MS Word format to and indicate the job title AND reference number in the subject line.

Closing Date for Applications :

29 April 2015

Position :

Project Accountant Medupi

Company :

Parsons Brinckerhoff Africa (Pty) Ltd Finance Department

Company Profile :

Parsons Brinckerhoff is a professional engineering consultancy with 14000 employees who work in approximately 150 offices around the world. We assist public and private clients to plan develop design construct operate and maintain critical infrastructure projects globally.

Parsons Brinckerhoff is owned by WSP Global Inc.

In Africa we have 5 offices and employ approximately 400 people

Geographic Location :

Bryanston Gauteng province South Africa

Industry :

Engineering Consulting and Power Generation

Duration :

Permanent

Position Summary :

Parsons Brinckerhoff is seeking a Project Accountant to provide project control and contract administration on projects and bids within the divisions in particular : Contract Administration Planning & Scheduling Cost Control Billings & Collections. The incumbent will also be accountable for monitoring the progress of projects and investigating variances in cost and revenues as well as working directly with Project Managers Bid Managers and Divisional Directors in delivering projects on time and within budget. Provide Commercial / Financial sign off to confirm accuracy and compliance with process and policy ensuring projects have valid forecast PFSs prior to period end. Actively strive to reduce DSO raise legitimate VOs on existing projects and ensure financial governance within Project Accounting. Reporting to the Project Accounting Manager.

Responsibilities :

Contract Administration

Review of contract

Monitor contract compliance

Project setup within Oracle maintenance reporting and closure

With the assistance of a Financial Analyst ensure that each project is funded in accordance with signed contracts

Preparation of subconsultant agreements and intercompany task orders

Assist in preparation and periodic review and updating project risk registers

Regular client interface

Planning and Schedule Control

Preparation of Schedule and Work Breakdown Structure (WBS) in conjunction with Project Managers contract and system requirements

Monitor schedule throughout project highlighting deviation from plan

Assist in preparation of Work Breakdown Structure and financial forecasts for bids

Cost Control

Analyse all project costs ensuring the correct allocation of such costs taking action to correct any misallocated items

Work with Project Managers in updating forecast cost to completion on projects on a periodic basis

Develop robust project financial projections in conjunction with the Project Manager for each period end as well as for annual budgets and quarterly forecasts

Ensure a valid finance summary / PFS is available for own portfolio of projects

Monitoring project financial performance against budget and identify potential Variation Orders

Assist in negotiation of Variation Orders

Review cost / revenue variations on projects and report reasons for change

Perform variance analysis of actual performance against budget / forecast and provide business reasons for variances

Billings and Collections

Track unbilled costs

Preparation of invoices in line with payment terms within contract

Produce invoice schedules

Monitor cash flow and expedite aged debt directly with clients

Confer with Receivables staff regarding unpaid contract billings

Actively monitor and coordinate efforts to reduce DSO within the business area

Quality

Ensure compliance with PB Business Management System through the life cycle of the project

Internal project audit

Provide details for external audit

Reporting

Regular reporting to Project Managers and Divisional Directors including but not limited to :

Review and update of WIP schedule each period

Monitor and report on projects

Review and update of aged debt reports outlining key actions

Monitor and report on projects with high level of WIP

Report financial risks and opportunities on business areas portfolio of projects

Coordination of inmonth review data from Project Managers

Health and Safety

Role model standards for SHEQ performance and behaviour consistent with the companys health safety environmental and quality vision and policies by influencing those around you

Contribute to the identification of SHEQ risks and driving processes to achieve Zero Harm

Embrace display and promote the company values and ensure a safe working environment is maintained at all times

Maintain BBGAP / DNV certification and ensure full compliance in line with your job level

Internal Contacts

PBA Finance Director

Project Accounting Manager

PBA Finance Manager Management Accounting

PBA Finance Manager Financial Accounting

Business Unit Managers and staff

All Project Managers

Finance Staff

External Contacts

Client Staff

External Auditors

Authority levels

In accordance with the PB Authorities Manual and relevant Business Unit Procedures.

Remuneration :

Market related and highly negotiable TCTC

Disclaimer and Basic Requirements :

South African citizenship is a prerequisite

Relevant previous experience is essential

Communication will be with shortlisted candidates only if you do not receive any feedback on your application within 3 weeks please consider your application unsuccessful

Parsons Brinckerhoff Africa reserves the right not to proceed with an appointment of any advertised role

All appointments will be made in line with Parsons Brinckerhoff Africas Employment Equity Plan and Policies

All enquiries and applications will be treated confidentially

No enquiries or unsolicited resumes from recruiting agencies or head hunters will be acknowledged or considered unless they were mandated by Parsons Brinkerhoff Africa to assist with this requirement

Job Requirements

Qualifications Competencies and Experience :

Degree or other relevant academic qualification (Business & Finance / Accounting / Commercial) would be advantageous

CIMA would be advantageous

Relevant project and financial experience preferably within a commercial or financial background

Proficient with Microsoft Word Excel and Outlook (Intermediate to Advanced)

Sound knowledge and relevant experience of Oracle Project Accounting

Knowledge of the project structure in a client / consultant business environment

Be commercially conscious detail orientated and able to offer commercial guidance and support to directors project and bid managers having an advanced knowledge of PB Systems processes and policies.

Strong service orientation

Good interpersonal skills work well with teams and have strong organizational skills

Good team player demonstrating flexibility and commitment

Confident forwardthinking and be able to facilitate relationships

Proven ability to communicate at all levels both internally and externally coupled with good presentation skills

Good time management with the ability to multitask and achieve goals deliverables and strict deadlines with minimal supervision

Ability to work independently take initiative set priorities and see projects through to completion

An excellent work ethic with integrity and aboveaverage resilience

Key Skills

Accounting Software,Organizational skills,Construction Experience,GAAP,QuickBooks,Pivot tables,Accounting,Sage,Account Reconciliation,Cost Accounting Standards,Microsoft Excel,Contracts

Employment Type : Contract

Experience : years

Vacancy : 1

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