Project Finance Accountant at Burhani Engineers Ltd

Job Description
Job Purpose :

• The Project Accountant will be responsible for ensuring accurate financial management and control of projects within our organization. This role requires a combination of project management and accounting skills to oversee project finances, track costs, and support the successful execution of projects. The Project Accountant will collaborate closely with project teams, project managers, and stakeholders to ensure financial accountability throughout the project life cycle.

Key Responsibilities :

Cost Monitoring

• Monitor project expenditure meticulously, diligently tracking costs and ensuring strict adherence to project budgets by regularly reviewing and analyzing project expenses.
• Communicate budget variances timely to ensure projects remain within approved budget limits.
• Prepare detailed financial reports on a regular basis, clearly highlighting the project's financial status, cost variances, profitability, etc. Provide valuable insights and actionable recommendations to enhance the project's financial performance.
• Identify trends, risks and opportunities for cost savings and increasing profitability.

Financial Planning and Analysis

• Collaborate closely with project managers to develop comprehensive project budgets and accurate financial
• forecasts, taking into consideration the project scope, timeline, and required resources.

Risk Management

• Actively participate in identifying and managing financial risks within projects, collaborating closely with project teams to develop robust risk mitigation strategies that ensure the project's financial viability and success.

Communication and Collaboration

• Effectively communicate financial insights, risks, and recommendations to project teams, management, and stakeholders, delivering regular updates on project financial performance and articulating any potential concerns.
• Play an active role in contributing to the continuous improvement of project management processes and financial control measures, actively identifying areas for enhancement and proactively developing innovative solutions to optimize project financial performance,
• Foster effective cross-functional collaboration by actively participating in project meetings and providing financial insights and recommendations to align project goals with financial objectives.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• Professional certification such as ACCA, CPA, or CIMA is preferred.
• A minimum of five years' experience in private or public accounting
• Proven experience in project accounting and financial management, preferably within construction industry.
• Proven experience in project management
• Strong knowledge of accounting principles, financial analysis, and project budgeting.
• Proficiency in project management methodologies and tools.
• Excellent analytical skills and attention to detail.
• Ability to work collaboratively with cross-functional teams and stakeholders.
• Strong communication and interpersonal skills.
• Proficient in financial accounting software
• Ability to prioritize tasks and meet deadlines in a fast-paced environment.