Position Overview
This role provides critical financial support to the project development team and Finance Manager, ensuring seamless tracking and management of project costs and corporate finance responsibilities. The position involves managing project budgets, monitoring expenditures, and preparing financial forecasts to guide cost optimization and compliance. The role also includes maintaining accurate financial documentation, supporting audit processes, and ensuring adherence to internal controls and regulatory requirements. The successful candidate will play a key role in translating project agreements into actionable financial plans and providing insights to stakeholders, contributing to the overall success of the organization's financial and project objectives.
Responsibilities
- Manage project budgets, ensuring alignment with project plans and contract terms.
- Track and report on project expenditures; identify deviations from the budget.
- Prepare financial forecasts and perform variance analysis comparing budgeted costs to actual costs.
- Analyze financial data to provide insights and recommendations for cost control and optimization.
- Translate project contracts into detailed financial plans; track project performance against these plans.
- Update and maintain project schedules to reflect accurate financial status.
- Monitor project cash flows and manage capital calls as needed.
- Ensure timely payments to contractors and vendors, tracking payment schedules and amounts.
- Review and monitor changes in project agreements; update financial records accordingly.
- Ensure compliance with contract terms related to financial management.
- Prepare regular financial reports for project director and stakeholders; highlight key financial metrics.
- Ensure adherence to internal controls, accounting policies, and regulatory requirements.
- Maintain accurate and organized financial documentation for audit purposes.
- Collaborate with project director to provide financial insights and support decision-making.
- Assist the finance manager with audits and respond to audit queries.
- Identify opportunities for process improvements in financial tracking and reporting.
- Implement best practices to enhance financial management and reporting efficiency.
- Maintain the books of account for multiple entities and posting the journals accurately.
Assist in opening bank accounts and KYC process with the bank.
Qualifications
- Bachelor’s degree in Accounting, Finance, or related field; CPA or ACCA certification preferred.
- Minimum of 5 years of experience in project accounting or a similar role.
- Strong understanding of project financial management, including budgeting, forecasting, and cash flow management.
- Proficiency in accounting software and financial management systems.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and organizational abilities.
- Effective communication skills and ability to collaborate with cross-functional teams.
