Project Accountant Southdale

City of Johannesburg, Gauteng 10 September


  • Description

    Provide a project accounting service to the Venetia Underground Project. The incumbent will provide accounting & financial management services to the Project, ensuring that costs between cost system and SAP are aligned and correctly reported, and that the change management Project procedures are adequately adhered to.


    Formulate and maintain appropriate project financial procedures
    Payment Terms reviews and updates
    Ensure appropriate sign off and segregation of duties is in place
    Identify and implement best practice relating to project accounting and financial control
    Monitor the project team’s adherence to relevant policies and procedures
    Compliance to all accounting standards, and ensure alignment with IFRS and company policies
    Ensure that appropriate reports are available from SAP to assist Management in accessing and extracting relevant information
    Responsible for the financial and performance reporting of the Project to internal and external stakeholders
    Coordinate the process relating to foreign payments in line with company standards and project procedures
    Responsible for the management and control of budgets, commitments, expenditure, forecasts (FEC), vs authorized budget to indirect costs and the production of project financial reports.
    Manage and deliver various scheduled and ad hoc financial management or accounting related assignments.
    Manage the co-ordination of receipt and approval of invoices and ensures appropriate checks for validity and budget allocation prior to approval
    Responsible for the month and year-end processes:
    Perform monthly journals, allocation and accruals
    Environmental Calculation and Journal posting
    Coordinates the preparation and integration of project incremental indirect costs
    Capitalisation of Assets and depreciation reallocation to AUC
    Control of Stock account
    Ensure alignment of SAP vs cost system with monthly reconciliation of actual costs, budgets and forecasts
    Forecasting and budgets:
    Prepare and consolidate Project indirect cost
    Co-ordinate and analyze Total Project expenditure for various rounds of forecasting and budgets.
    Monitor and advise project planners and managers to support the cost estimating, cost control and cost forecasting activities
    Identify, investigate and forecast variance trends, and if required, develop corrective action plans in conjunction with management
    Follow up on variances found during the close-out process and ensure appropriate close out of the contracts
    Coordinate accurate input and review of 6 weekly cash-flow on a weekly basis (Down Payments/Retentions)
    Project SAP Management and administration:
    Master Data update
    Responsible for financial close out of PO’s/Contracts in line with Company procedure
    Effectively engage and communicate with the Project team and other stakeholders.

    To Apply
    Whatsapp the keyword "JOB" to **********

  • Requirements

  • Language(s): English
  • Availability for travel: No
  • Availability for change of residence: No

To see the complete contact information, please click apply now

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Ad summary

  • Project Accountant Southdale

  • Recruiter


  • Province

    City of Johannesburg, Gauteng

  • Work type

    Full Time

  • Type of contract

    Permanent contract

  • Salary


  • Apply now

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