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Project Finance Accountants Jobs

1 month ago   Jobs Offers   Nairobi   62 views

0.0 star

Location: Nairobi

Job Description/RequirementsReports To:Chief Accountant, Projects Finance & AccountingJob SummaryReporting to Chief Finance Officer, Projects Finance& Accounting, the Projects Finance & Accountant will beresponsible for ensuring proper and timely accounting for finances, debtmanagement and costs of projects in compliance with the regulatoryframework.Job DescriptionKEY DUTIESEnsure project costs are accurately accounted for in the correct project networks, accounts, cost centres and accounting periodsReconcile Work-in-Progress accounts, and in liaison with FinancialReporting Team ensure costs of completed projects are settled andcapitalised promptlyMonitor projects cost and time overruns, continuously investigatevariances and make recommendations to management for corrective actionCheck and verify project expenditure and payments for accuracy, completeness, authenticity and adequacy of supporting documentsEnsure Contractors/Suppliers payments and Financiers’ loans repayments are made within the stipulated contractual terms;Prepare management reports in a timely manner as may be required bythe management, external governing bodies and development partners fromtime to time;Ensure accurate requests for disbursements are made on time as per various loan agreements;Participate in preparation and/or review tender documents;Prepare tender evaluation checklists and participate in such evaluations;Prepare contract negotiations checklists and participate in such negotiations;Support Projects Execution team to ensure timely and realistic budgets preparation and submission;Identify and recommend to the Asst. Manager-Projects Finance &Accounting, Projects accounts due for closure upon project completion.Implement and recommend changes in Project Financing Policy to guide and improve operational procedures.Manage the Sectional budget to ensure optimization of costs.Address Staff performance; Motivation; Training and development issues in the Section.Provide specifications for the Sectional related procurement to the Corporate Finance Manager.Implement Safety, Quality Management Systems and Environmental Management Systems within the Section.KEY QUALIFICATIONSAcademic QualificationsBachelor’s Degree in Accounting or Finance or Commerce or equivalentMasters in a management related course will be an added advantageProfessional Qualifications & Membership to professional bodiesCPA-K or ACCA (UK) or equivalent.Member of ICPAK or equivalentPrevious relevant work experience requiredAt least 5 years of experience as an accountant with specific experience in accounting for capital projectsAdditional InformationMinimum Years of Working Experience :5Minimum Education Level :Undergraduate

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