Project Accountant at Rainbow Heritage Group Limited

Rainbow Heritage Group Limited is a company involved in various fields, including real estate development (residential and commercial), construction solutions, infrastructure development,facility management and project mangement. It operates in Nigeria and the United Kingdom, with a focus on projects in Port Harcourt and its surrounding area. Our vison is "To be the preferred urban and real estate group prroviding customised sustainble solutions driven by innovation and technology".

We are recruiting to fill the position below:

Job Title: Project Accountant

Location: Awka, Anambra
Employment Type: Full-time

Key Responsibilities
Project Budgeting & Forecasting:

• Prepare and maintain project budgets and forecasts, ensuring alignment with contract terms, change orders, and project timelines.
• Monitor and track project expenses, identifying any discrepancies and working with project managers to resolve issues.
• Analyze cost reports, project profitability, and cash flow to ensure project financials are on track.

Billing & Invoicing:

• Prepare and submit progress billings, change orders, and final invoicing in accordance with project timelines and contract requirements.
• Coordinate with project managers and clients to ensure timely payment and resolve any billing-related issues.

Cost Tracking & Reporting:

• Maintain accurate records of all project costs, including labor, materials, subcontractors, and overheads.
• Provide detailed monthly financial reports, including cost analysis and variance reports, to senior management.
• Ensure all financial transactions are recorded and reconciled in compliance with accounting standards and company policies.

Job Costing & Financial Analysis:

• Perform detailed job costing, analyze project variances, and assist in identifying cost-saving opportunities.
• Collaborate with the project team to identify and resolve any financial discrepancies or issues.

Compliance & Audit:

• Ensure that all financial documentation, including contracts, invoices, and change orders, complies with industry regulations and company policies.
• Assist with internal and external audits as required.

Collaboration & Communication:

• Work closely with project managers, estimators, and senior management to provide financial insights and support decision-making.
• Participate in project meetings to provide financial updates and assist in managing the financial health of the project.

Qualifications

• Bachelor’s Degree in Accounting, Finance, or a related field (or equivalent work experience).
• Minimum of 3 years of experience in accounting or project accounting, preferably within the construction industry.
• Strong understanding of construction accounting principles, including job costing, change orders, and progress billing.
• Proficiency in accounting software (e.g., Sage 300, Procore, Viewpoint, QuickBooks, or similar).
• Advanced Excel skills (e.g., pivot tables, VLOOKUP, data analysis).
• Knowledge of industry standards, regulations, and financial reporting requirements.
• Excellent organizational skills with the ability to manage multiple projects and deadlines.
• Strong attention to detail and analytical skills.
• Ability to work independently and as part of a team, with excellent communication skills.

Application Closing Date
18th December, 2024.