Job Role: Project Accountant Salary: R 563 926 Per Annum Location: JHB
To account for Network Group project accounting functions per allocated project, monitor and track project budget in order to realize maximum business benefits.
Project Accounting Administration
Ensure that each Network Group project is accounted for in accordance with IFRS.
Recommend improvement to existing project accounting policies, processes and procedures to enhance effectiveness, efficiency and performance
Ensure that Network Group adhere to the financial policies, processes and procedures.
Recommend changes and modification to systems as required to ensure timeliness, accuracy and efficiency.
Manage and monitor the raising of requisitions for Network Group Capital projects. Ensure that the distribution on each requisition is in line with IFRS, Capex project toolkit, and Oracle Projects.
Submit the relevant reports of Network Group to the Senior Project and operational accountant, to consolidate for the monthly financial pack for finance consolidation.
Submit the relevant reports of Network Group to the relevant CPM PMs, GMs and CTO.
Assist business in preparing capital project documentations
Analyse financial goals of the projects and ensure delivery of all the financial objective of the projects.
Ensure that internal labour per Network group project is capitalised and supporting documentation is in place.
Cost Control: (This function will have a direct reporting into the Project area and an indirect reporting line to Project Office for the whole planning cycles )
Assist Network Group with budget inputs and forecast reviews as requested by business finance.
Assist in the implementation of new Network group budgets and forecast. Ensure that all approved adjustment is reflected on the effected project budgets.
Control Network department budgets and ensures that the project budgets is not overspend.
Track Network Group budget vs. actual for CPM projects
Understand and report on all major variances from the Network group budgets.
Control and report on spend vs. forecasts to budget. Analyse cash flow for Network Group department and inform finance accordingly.
Ensure that Network Group comply with all business rules related to the financial cost per project (OPEX and CAPEX).
Control costs through the recommendation of lower cost options / more effective processes and procedures
Identify areas where money is lost and recommend ways to reduce expenditure where possible
Check invoices per project and reconcile with commitments.
Monitor and accrue all work schedules not yet invoiced
Manage all administrative tasks related to project accounting environment
Manage material resource planning with materials planner and logistics to ensure equipment is ordered on time
Project Accounting Query Resolution
Address problems relating to project accounting on a case by case basis, ensuring an optimal balance between the response to the situation, the cost of that response, and the core purpose of the organisation
Deal with problem situations that arise timeously and efficiently
Follow clear and linear procedures to diagnose and solve accounting-related problems that are not always obvious
Provide information and knowledge as required to resolve problems
Generate different options for the known problem, evaluate possible methods to resolve the problem, and select the most appropriate solution in terms of enhanced effectiveness and efficiency, and reduced cost
Tailor solutions to suit the problem (within defined parameters)
Take action to prevent the reoccurrence of problems
Make use of available resources to solve the problem
Identify external parties to assist with problem solving as required
Ensure time sheets are processed for each project
Update progress tracking information and reports at project portfolio level
Provide regular information to all relevant project/programme managers
Ensure support documentation received is in compliance with requisition format and requirements
Request and submit copies of missing backup documentation
Maintain complete project files for the entire duration of the project. Act as point of contact for yearend audit requirements
Conduct reporting on project accounting status and quarterly forecasts
Assist business finance in quarterly forecast with regards to project costs.
Identify and prepare relevant information and data for reporting purposes
Make assessments of and draw solutions from qualitative data. Make logical deductions and draw conclusions that can be motivated
Consider the implications of actions to be taken for the customer / the effect of actions on the customer
Understand the immediate consequence and impact of activity on the customer
Report and escalate issues as and when required to the responsible person to ensure continuous Operational Support
Respond to customer queries in line with set guidelines
Escalate unresolved queries timorously
Ensure that customer specifications are met and that the customer is satisfied with the end service and/or product