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• Procurement
• Construction
• Government/ PSU/ Defence
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The Project Accountant will be the lead field accountant responsible for maintaining effective controls over the financial aspects of major capital expenditure projects. The Project Accountant will be responsible for developing, maintaining and delivering project cost reports to the project owners on a periodic basis. Depending on the project size, the Project Accountant may also oversee staff accountants to assist with the accounting and internal controls. The Project Accountant will directly report to the Plant Controller with administrative reporting responsibility to the Project Engineer.
Principal Responsibilities:
Attain understanding of the project budget including understanding of the components of the project that are capital versus expense.
Day-to-day execution of Companies developed accounting guidelines and cost control at the project level. This position is an extension of the controller organization at the project site and is the primary liaison between accounting and the operations department for matters related to project cost, reporting and analysis.
Develop understanding of relevant Companies accounting and budget policies to ensure all elements of project are accounted for properly.
Participate in Companies specific training to become fluent in the reporting software to be utilized for the specific project.
Regular interaction with other project team members to be aware of potential change notices / change orders as they are being evaluated.
Review and track all contracts, statements of work (SOW), change orders, purchase orders, etc. to facilitate budget planning, forecasting and re-forecasting. This includes an understanding of payment arrangements with suppliers in terms of pre-payments, progress payments and overall terms of the contract.
Participate in periodic meetings providing clear status of actual spending versus project budget, highlighting potential risks to budget overspend (by providing forecasts as necessary) for each element of the project.
Prepare necessary documentation for cost reimbursement through incentives or government grants, where available.
Oversee or direct audit procedures over time and material work performed by general contractors.
Complete project by participating in project closeout providing proper guidance to the plant controller when elements of the project are completed for capitalization.
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Project Accountant for Engineering MNC (expansion Project)
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Project Accountant for Engineering MNC (expansion Project)
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