About this role
Job Summary:
The Project Cost Accounting Supervisor is responsible for overseeing project cost accounting activities, ensuring the accuracy of project-related financial records, monitoring construction and development expenditures, and preparing cost reports to support management decisions.
Key Responsibilities:
- Supervise the recording, monitoring, and reconciliation of project-related expenses and costs.
- Review and verify project cost transactions, including materials, labor, equipment, subcontractor payments, and other expenditures.
- Monitor actual project costs against approved budgets and investigate significant variances.
- Prepare and review project cost reports, expense summaries, and financial statements for management review.
- Ensure proper allocation of project costs to appropriate projects, cost centers, and accounts.
- Coordinate with Project Management, Procurement, and Engineering departments to validate project expenses.
- Review invoices, billing statements, payment requests, and other financial documents for accuracy.
- Monitor project advances, accounts payable, and contractor billings.
- Conduct regular reconciliations of project cost accounts and investigate discrepancies.
- Assist in project budget monitoring, cost forecasting, and financial analysis.
- Ensure compliance with company policies, accounting standards, and applicable tax regulations.
- Supervise, train, and evaluate project cost accounting personnel.
- Support internal and external audits with accurate cost records and supporting documentation.
Qualifications:
- Bachelors degree in Accountancy, Accounting Management, or a related field.
- Certified Public Accountant (CPA) is an advantage.
- At least 3 to 5 years of relevant experience in project accounting, cost accounting, or general accounting, preferably in real estate development or construction.
- Strong knowledge of project cost monitoring, expense allocation, account reconciliation, and financial reporting.
- Proficient in Microsoft Excel and accounting systems or ERP software.
- Strong analytical, organizational, and leadership skills with experience supervising accounting personnel.
Interested candidates may send their updated CV to [email protected]