Project Finance Intern

iX engineers (Pty) Ltd.; Cape Town; On-site; ZAR 180,000 - 280,000; Full time

Job summary

iX engineers (Pty) Ltd. in Cape Town is seeking a diligent Project Financial Administrator to support budgeting, forecasting, and revenue tracking for multiple projects.

You will maintain project records and assist with ad hoc financial initiatives within a dynamic engineering environment. The role requires 1–2 years of relevant experience, strong Excel and analytical skills, and familiarity with ERP systems like Odoo and Vantagepoint.

Qualifications

• Studying towards or recently completed a Diploma in Accounting, Finance or related field.
• 1–2 years of experience in a project-related environment or financial administration.
• Exposure to project finance, accounting, or financial administration would be advantageous.
• Strong numerical and analytical abilities are essential.

Responsibilities

• Assist with project setup, maintenance, and project close-out activities.
• Maintain accurate project and financial records.
• Support Finance with ad hoc projects and process improvement initiatives.

Skills

Numerical accuracy

Financial analysis

Budgeting

WIP management

Invoicing processes

Communication

Teamwork

Education

Diploma in Accounting

Finance

Financial Management

Management Accounting

Related qualification

Tools

Odoo

Vantagepoint

Other ERP systems

Job description

• Assist with project setup, maintenance, and project close-out activities.
• Maintain accurate project and financial records.
• Support Finance with ad hoc projects and process improvement initiatives.

Key Roles and Responsibilities

• Assist with project setup, maintenance, and project close-out activities.
• Maintain accurate project and financial records.
• Support Finance with ad hoc projects and process improvement initiatives.

Project Financial Administration

• Assist with project setup, maintenance, and project close-out activities.
• Maintain accurate project and financial records.
• Support Finance with ad hoc projects and process improvement initiatives.

Budgeting and Forecasting

• Assist in updating project budgets and forecasts.
• Monitor project financial performance against budgets.
• Support project financial planning activities.

Revenue, Costs and WIP Management

• Assist in monitoring project revenue, costs, invoicing, and Work in Progress (WIP).
• Prepare WIP schedules and project financial reports.
• Support the monthly revenue recognition process.
• Assist in identifying financial variances and outstanding invoices.
• Help monitor project profitability and performance.

Financial Reporting and Analysis

• Prepare financial reports, schedules, and analyses using Excel.
• Support monthly project reporting and variance analysis.
• Assist with identifying incorrectly allocated costs and timesheet postings.
• Analyse project financial data and highlight potential issues.

Audit Support

• Assist with audit preparation activities.
• Gather and provide supporting documentation for audits.
• Ensure financial records are accurate and audit-ready.

Qualifications And Experience

Minimum Qualification

• Studying towards or recently completed a:
  • Diploma in Accounting
  • Finance
  • Financial Management
  • Management Accounting
  • Or a related qualification

Experience

• 1-2 years of experience in a project-related environment.
• Exposure to project finance, accounting, or financial administration would be advantageous.

Skills and Knowledge

Financial Knowledge

• Basic understanding of:
  • Project finance
  • Budgeting and forecasting
  • Revenue and cost analysis
  • Work in Progress (WIP)
  • Invoicing processes
  • Revenue recognition
  • Project profitability

Technical Skills

• Basic to intermediate Microsoft Excel skills.
• Ability to prepare financial reports and schedules.
• Willingness to learn ERP and project management systems.
• Experience with systems such as:
  • Odoo
  • Vantagepoint
  • Similar ERP systems (advantageous)

Analytical Skills

• Strong numerical ability.
• Ability to analyse financial data and identify variances.
• Good problem-solving and analytical thinking skills.

Communication and Administration

• Good written and verbal communication skills.
• Strong organisational and administrative abilities.
• Ability to work effectively within a team.
• Ability to manage deadlines and multiple tasks.

Personal Attributes

• High attention to detail.
• Professionalism and integrity.
• Eagerness to learn and develop.
• Ability to handle confidential information responsibly.
• Strong work ethic and willingness to take initiative.