Project Accountant (Upstream Oil & Gas Waste Management) – Kenya at WTS Energy

Key Responsibilities:

• Design and implement project accounting frameworks including chart of accounts, job codes, cost centers, and allocation methodologies aligned with IFRS and corporate policies.
• Develop and maintain project budgeting structures, standard costing templates, and approval workflows.
• Lead budgeting, forecasting, and variance analysis for CapEx and OpEx across project phases and activities.
• Monitor project cost-to-complete, identify cost overruns, and recommend corrective actions.
• Prepare rolling cashflow forecasts in collaboration with procurement and operations teams.
• Produce monthly and weekly project financial reports including P&L, WIP, cost variance analysis, committed vs incurred costs, and margin reporting.
• Develop financial dashboards and KPIs to support project performance tracking and decision-making.
• Ensure accurate revenue recognition in line with contract terms including T&M, lump sum, and unit rate agreements.
• Support invoicing processes including billing, change orders, claims, retentions, and contract adjustments.
• Reconcile client accounts and resolve billing discrepancies and disputes.
• Ensure timely and accurate cost capture from procurement, operations, and subcontractors.
• Validate subcontractor invoices, progress claims, and equipment hire costs against contractual agreements.
• Support procurement processes to ensure cost compliance, contract adherence, and payment milestone tracking.
• Ensure compliance with IFRS, Kenyan tax regulations, environmental levies, and industry-specific reporting requirements.
• Support statutory audits, tax filings, and regulatory submissions related to project activities.
• Maintain environmental, health, and safety (EHS) cost tracking and reporting.
• Manage project fixed assets including capitalization, depreciation, disposals, and asset registers.
• Support internal and external audits and ensure closure of audit findings.
• Implement and maintain internal financial controls and segregation of duties across project finance processes.
• Configure and maintain ERP systems (Odoo) for project accounting, reporting, and cost tracking.
• Drive automation of financial reporting, dashboards, and recurring analysis.
• Partner with Project Managers, Operations, Procurement, HSE, and Commercial teams to support financial decision-making.
• Provide financial guidance and training to project teams on cost coding, reporting, and compliance processes.

Required Qualifications:

• Must have a Degree in accounting, Finance, Commerce, or a related field. Professional qualification (CPA(K), ACCA, CIMA, or equivalent) is preferred. A master’s degree (MBA or MSc Finance) will be an added advantage.
• Must have a minimum of 5–8 years’ relevant experience in accounting or finance, with at least 3–5 years in project accounting or cost control roles.
• Experience within upstream oil & gas, EPC, energy, or heavy industrial project environments is highly desirable.
• Strong understanding of contract accounting including T&M, lump sum, and unit rate contracts.
• Experience in revenue recognition, WIP accounting, cost-to-complete forecasting, and project financial reporting.
• Strong knowledge of IFRS and Kenyan tax and regulatory frameworks.
• Proficiency in ERP systems (Odoo preferred) and advanced Excel financial modelling.
• Experience in budgeting, forecasting, variance analysis, and cashflow management.
• Strong understanding of procurement processes and subcontractor cost validation.
• Experience with project audits and internal control frameworks.