As an integral part of the finance department, you will be responsible for overseeing financial activities related to construction projects, ensuring accuracy, compliance, and efficiency in financial reporting and analysis.
Salary: Ksh. 50,000 Net
Key Responsibilities:
Financial Reporting: Prepare and analyze financial statements specific to construction projects, including balance sheets, income statements, and cash flow statements. Ensure accuracy and compliance with regulatory standards.
Cost Accounting: Implement and maintain cost accounting systems to accurately track project costs, including materials, labor, and overhead expenses. Analyze variances and trends to identify cost-saving opportunities and improve project profitability.
Budgeting and Forecasting: Assist in the development of project budgets and forecasts, collaborating with project managers and stakeholders to ensure alignment with financial objectives. Monitor budget performance and provide recommendations for adjustments as needed.
Project Accounting: Manage project accounting activities, including revenue recognition, billing, and contract management. Ensure timely and accurate invoicing and collections, resolving any discrepancies or issues that may arise.
Financial Analysis: Conduct financial analysis to evaluate project profitability, cash flow projections, and return on investment. Provide insights and recommendations to senior management for decision-making and strategic planning.
Compliance and Risk Management: Maintain compliance with regulatory requirements and industry standards, such as GAAP and relevant tax regulations. Identify and mitigate financial risks associated with construction projects, implementing controls and procedures as necessary.
ERP Systems Management: Utilize ERP systems and other financial software to streamline accounting processes, improve data accuracy, and enhance reporting capabilities. Train staff on system usage and best practices to optimize efficiency.
Qualifications:
Bachelor’s degree in Accounting, Finance, or related field.
CPA designation preferred.
Minimum of 3-5 years of accounting experience in the construction industry.
Strong understanding of construction accounting principles, including job costing and revenue recognition.
Proficiency in accounting software and ERP systems.
Excellent analytical skills with the ability to interpret financial data and trends.
Detail-oriented with a commitment to accuracy and compliance.
Effective communication and interpersonal skills, with the ability to collaborate cross-functionally and interact with stakeholders at all levels.
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