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Project Accountant at Confidential via Stresert

Our client is one of the leading property development companies in Nigeria.

About the Role:

The Project Accountant position is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected.


Job Responsibilities:

  • Create project accounts in the accounting system
  • Maintain project-related records, including contracts and change orders
  • Authorize access to project accounts
  • Authorize the transfer of expenses into and out of project-related accounts
  • Review and approve supplier invoices related to a project
  • Review and approve time sheets for work related to a project
  • Review and approve overhead charges to be applied to a project
  • Review account totals related to project assets and expenses
  • Investigate project variances and submit variance reports to line manager
  • Confer with receivables staff regarding unpaid contract billings
  • Report on project profitability to management
  • Report to management on any opportunities for additional billings
  • Report to management regarding the remaining funding available for projects
  • Create or approve all project-related billings
  • Investigate all project expenses not billed to clients
  • Approve the write off of any project-related billings that cannot be billed to or collected from clients
  • Close out project accounts upon project completion
  • Create and submit government reports and tax returns related to projects
  • Compile information for internal and external auditors, as required
  • Review and advice management on subcontract agreements
  • Manage and communicate job cash flow
  • Manage subcontractor payment distribution
  • Assist Project Manager in identifying the need for additional services
  • Issue project performance reports
  • Advise project team of accounting procedures and policies
  • Review owner contracts to ensure all terms and requirements are being met
  • Contribute to accounting team meetings with knowledge sharing and process improvement ideas
  • Assist with re-estimates to ensure revenue and cost is recorded
  • Ensure accuracy of Profit and Loss statements
  • Enter cash receipts and reconcile bank statements




  • Qualification: Bachelor’s degree in Accounting/related courses.  Masters degree in Management, Finance or Accounting will be an added advantage.
  • Minimum Experience: At least 7 - 8 years of experience in Project Accounting, Finance.
  • Sector Experience: Building/Construction/Estate Management experience is a MUST without which applicants will not be considered for the opening.
  • Professional Membership: Associate Membership of ACCA, ICAN or other relevant professional association is required.




  • Previous experience as a Project Accountant for a construction project is highly desirable
  • Sufficient accounting experience in a busy, tightly managed business environment, including: monthly reporting, budget preparation, financial modelling and cash flow reporting
  • Extensive experience in the use of diverse accounting software’s
  • Relevant experience or understanding of financial reporting standards
  • Strong Project Management and administrative skills
  • Strong relationship building skills and ability to manage relationships with key clients or stakeholders across the organization
  • Ability to work under pressure Sense of initiative, high sense of honesty and integrity
  • Good command of MS office (Word, advance Excel, PowerPoint, accounting softwares).


How to Apply:

Experienced Project Accountants from the sectors listed above should forward CVs to using ‘PRAC & the name of current/past construction/estate management companies worked as subject of application’ e.g ‘PRAC MIKA CONSTRUCTION’ before 10th April, 2017. Shortlisted applicants will be invited for interviews

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