Job Description

Project Accountant (Lagos and Port Harcourt)
Our client is seeking to hire a project accountant who will oversee and manage financial activities for multiple projects. This role will focus on ensuring alignment of project budgets with corporate financial goals, tracking expenditures, implementing cost-control measures, and ensuring accurate reporting of financial data.

Key Responsibilities:
• Develop, monitor, and manage project budgets, ensuring they align with corporate financial goals and accurately forecast costs and revenues.
• Track project expenditures and ensure they remain within the approved budget, investigating any variances.
• Implement cost-control measures to optimize project efficiency and financial performance.
• Prepare and present regular financial reports, including budget performance, cost analysis, cash flow forecasts, and variance reports to stakeholders and senior management.
• Ensure the accurate allocation of project costs across various cost centers and projects using appropriate accounting methods and standards.
• Collaborate with the procurement team to ensure project-related purchases are recorded accurately and invoices are processed in a timely manner.
• Track and report on capital expenditures (CAPEX) associated with projects, ensuring they remain within approved limits.
• Assist project managers in preparing cost estimates for new projects or project extensions, ensuring estimates are realistic and based on sound financial principles.
• Monitor project cash flow to ensure sufficient liquidity to meet obligations and provide timely cash flow forecasts to senior management.
• Conduct financial analysis and perform scenario planning to assess the potential impact of project decisions and recommend solutions to improve project financial performance.
• Ensure proper accounting and financial management of joint venture (JV) projects, including cost recovery and partner reporting.
• Coordinate with internal and external auditors to ensure compliance with internal controls, governance frameworks, and industry regulations.

Required Qualifications:
• Bachelor’s degree in Finance, Accounting, Economics, Statistics, or a related field.
• Minimum of 5 years of experience in project accounting, financial planning, and budgeting, preferably in the upstream oil and gas sector.
• Relevant professional certification (ICAN, ACCA, or equivalent) is an added advantage.
• Strong understanding of financial principles, including budgeting, forecasting, variance analysis, and cost control.
• Familiarity with joint venture accounting, cost recovery, and financial management in oil & gas operations.
• Proficiency in financial modelling and analysis tools.
• Strong analytical skills and ability to conduct detailed financial analysis and identify cost drivers.
• Knowledge of accounting standards such as GAAP, IFRS, etc.
• Strong ethical principles and commitment to maintaining financial transparency and integrity.

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