Project Accountant at WTS Energy - 2 Openings

WTS Energy provides recruitment and manpower services for the global oil and gas and energy industries. We supply engineers and consultants to our clients' projects and operations, and perform employment outsourcing services such as workforce management in oil and gas regions around the world. WTS Energy operates globally with offices in 14 countries and is operational in over 50 countries.

We are recruiting to fill the position below:

Job Title: Project Accountant

Locations: Lagos & Port Harcourt, Rivers
Job Type: Full Time

Key Responsibilities

• Develop, monitor, and manage project budgets, ensuring they align with corporate financial goals and accurately forecast costs and revenues.
• Track project expenditures and ensure they remain within the approved budget, investigating any variances.
• Implement cost-control measures to optimize project efficiency and financial performance.
• Prepare and present regular financial reports, including budget performance, cost analysis, cash flow forecasts, and variance reports to stakeholders and senior management.
• Ensure the accurate allocation of project costs across various cost centers and projects using appropriate accounting methods and standards.
• Collaborate with the procurement team to ensure project-related purchases are recorded accurately and invoices are processed in a timely manner.
• Track and report on capital expenditures (CAPEX) associated with projects, ensuring they remain within approved limits.
• Assist project managers in preparing cost estimates for new projects or project extensions, ensuring estimates are realistic and based on sound financial principles.
• Monitor project cash flow to ensure sufficient liquidity to meet obligations and provide timely cash flow forecasts to senior management.
• Conduct financial analysis and perform scenario planning to assess the potential impact of project decisions and recommend solutions to improve project financial performance.
• Ensure proper accounting and financial management of joint venture (JV) projects, including cost recovery and partner reporting.
• Coordinate with internal and external auditors to ensure compliance with internal controls, governance frameworks, and industry regulations.

Required Qualifications

• Bachelor’s Degree in Finance, Accounting, Economics, Statistics, or a related field.
• Minimum of 5 years of experience in project accounting, financial planning, and budgeting, preferably in the upstream oil and gas sector.
• Relevant professional certification (ICAN, ACCA, or equivalent) is an added advantage.
• Strong understanding of financial principles, including budgeting, forecasting, variance analysis, and cost control.
• Familiarity with joint venture accounting, cost recovery, and financial management in oil & gas operations.
• Proficiency in financial modelling and analysis tools.
• Strong analytical skills and ability to conduct detailed financial analysis and identify cost drivers.
• Knowledge of accounting standards such as GAAP, IFRS, etc.
• Strong ethical principles and commitment to maintaining financial transparency and integrity.

Application Closing Date
Not Specified.