Job Description

Department: Finance & Accounts

Reporting To: C F O

The cost accountant's duties include tracking, evaluating, and reporting project expenses in order to guarantee precise financial management and aid in strategic decision-making. Throughout construction projects, the position is essential to the company's capacity to control costs and preserve profitability.

Key Responsibilities:

1. Cost Allocation Review

o Review and verify the accuracy of cost allocations for each construction project to ensure correct recording and reporting.

2. Direct Cost Monitoring

o Monitor and analyze direct material costs, ensuring correct supplier pricing and tracking cost fluctuations.

3. Supplier Cost Comparisons

o Verifying cost comparisons between suppliers to identify savings opportunities and improve procurement efficiency.

4. Budget Adherence Validation

o Collaborate closely with the procurement and project teams to validate spending against approved budgets.

5. Reporting and Variance Analysis

o Prepare cost reports and perform variance analyses to identify discrepancies between actual and budgeted costs and recommend corrective actions.

6. Budget Setting and Monitoring

o Assist in developing project budgets and continuously monitor actual spending versus budgeted figures.

7. Compliance and Standards

o Ensure all cost accounting activities comply with company policies, financial controls, and relevant accounting standards.

Required Skills and Qualifications:

Strong analytical and numerical skills with attention to detail. Prior experience in construction cost accounting or a similar role. Proficiency in accounting software (such as ERP systems) and Microsoft Excel.
Key Competencies:

Financial analysis and reporting Budget management Cost control and efficiency improvement
Job Type: Full-time