ROLES AND RESPONSIBILITIES Main purpose of the role: The Construction Accountant will be responsible for managing and overseeing the financial aspects of construction projects within the company's renewable energy portfolio.
This role will ensure accurate financial tracking, reporting, and compliance during the construction phase of project.
Key responsibilities: Scope: The scope of the Construction Accountant is limited to the specific Project Company(s) during the construction phase of the project(s).
Construction Accounting and Reporting: - Manage all financial aspects of construction projects, including budgeting, cost tracking, and financial reporting.
- Maintain accurate project cost accounting records, including expenses related to materials, labour, subcontractors, equipment and CASA.
- Prepare and present monthly financial reports related to ongoing construction projects, highlighting cost variances and financial performance.
Budget Management and Forecasting: - Assist in the preparation of project budgets and work closely with project managers and financial teams to ensure alignment with financial goals.
- Track project costs against approved budgets and provide regular financial updates to construction management and finance teams.
- Develop and maintain financial forecasts for construction projects, updating them as necessary based on actual project performance.
Invoicing and Payment Processing: - Onboarding of all construction and CASA suppliers on the COUPA P2P system.
- Setting up all the Purchase Requisitions on COUPA P2P for construction and CASA activities.
- Maintain construction payment tracker, receipt and match construction invoices to approved Purchase Orders to ensure all invoices from suppliers are processed and paid on time.
- Receipt and match invoices from suppliers related to CASA activities to ensure all invoices are processed and paid on time.
- Reconcile construction site credit cards on COUPA Expenses ensuring all expenses are valid, accurate, complete and timely recorded.
- Ensure timely and accurate payment of invoices, while verifying that all project-related expenses are properly documented and approved.
- Reconcile construction-related accounts and ensure all payments are aligned with project agreements and contracts.
Contract Administration Support: - Support the finance team in reviewing and managing contracts for construction projects, ensuring that all financial terms and conditions are accurately reflected in accounting records.
- Assist in the preparation and review of payment applications, progress billings, and other financial documents related to construction contracts.
- Monitor compliance with contract terms, including retention payments, lien waivers, and change orders.
Cost Control and Risk Management: - Work closely with project managers to identify potential cost overruns and financial risks and propose mitigation strategies.
- Monitor construction costs and ensure that all financial transactions follow company policies and project contracts.
Coordination with Construction Teams: - Collaborate with project managers, engineers, and procurement teams to ensure alignment between financial processes and project progress.
- Provide financial insights to support project decision-making and ensure that financial performance meets the company's strategic goals.
REPORTING RELATIONSHIPS The positions reports directly into: Construction Program Manager QUALIFICATIONS AND CERTIFICATIONS Must-have Qualifications and Certifications: BCom Accounting degree or equivalent and Professional Accountant (SA), SAICA Certified AGA(SA) or equivalent.
RELEVANT EXPERIENCES Must-have years of professional experiences: At least 3-5 years professional experience as Professional Accountant in South Africa.
COMPETENCIES Technical competencies: - Strong experience in construction accounting and financial administration in the infrastructure sector - Working knowledge of statutory legislation, tax, and regulations specific to South Africa.
- Experience with ERP software, systems, and processes.
- Commercial and business awareness.
Behavioral competencies: - Attention to detail.
- Ability to work under pressure, prioritize and meet deadlines.
- Strong interpersonal, communication and presentation skills.