Job Description
- We are seeking to hire a Senior Project Accountant who will provide leadership and
control over project finance, cost management, budgeting, reporting, and
accounting systems within upstream oil & gas waste management
operations. The role is responsible for ensuring accurate project
financial reporting, robust cost control frameworks, effective cashflow
management, contract accounting, and compliance with IFRS and regulatory
requirements. The ideal candidate must have a Bachelor’s degree in
Accounting, Finance, Commerce, or a related field, with a professional
qualification (CPA(K), ACCA, CIMA, or equivalent) preferred, and a minimum
of 5–8 years’ relevant experience in accounting or finance, including at
least 3–5 years in project accounting or cost control within oil &
gas, EPC, energy, or industrial operations.
Key Responsibilities:
- Design and implement project accounting frameworks including chart
of accounts, job codes, cost centers, and allocation methodologies aligned
with IFRS and corporate policies.
- Develop and maintain project budgeting structures, standard costing
templates, and approval workflows.
- Lead budgeting, forecasting, and variance analysis for CapEx and
OpEx across project phases and activities.
- Monitor project cost-to-complete, identify cost overruns, and
recommend corrective actions.
- Prepare rolling cashflow forecasts in collaboration with procurement
and operations teams.
- Produce monthly and weekly project financial reports including
P&L, WIP, cost variance analysis, committed vs incurred costs, and
margin reporting.
- Develop financial dashboards and KPIs to support project performance
tracking and decision-making.
- Ensure accurate revenue recognition in line with contract terms
including T&M, lump sum, and unit rate agreements.
- Support invoicing processes including billing, change orders,
claims, retentions, and contract adjustments.
- Reconcile client accounts and resolve billing discrepancies and
disputes.
- Ensure timely and accurate cost capture from procurement,
operations, and subcontractors.
- Validate subcontractor invoices, progress claims, and equipment hire
costs against contractual agreements.
- Support procurement processes to ensure cost compliance, contract
adherence, and payment milestone tracking.
- Ensure compliance with IFRS, Kenyan tax regulations, environmental
levies, and industry-specific reporting requirements.
- Support statutory audits, tax filings, and regulatory submissions
related to project activities.
- Maintain environmental, health, and safety (EHS) cost tracking and
reporting.
- Manage project fixed assets including capitalization, depreciation,
disposals, and asset registers.
- Support internal and external audits and ensure closure of audit
findings.
- Implement and maintain internal financial controls and segregation
of duties across project finance processes.
- Configure and maintain ERP systems (Odoo) for project accounting,
reporting, and cost tracking.
- Drive automation of financial reporting, dashboards, and recurring
analysis.
- Partner with Project Managers, Operations, Procurement, HSE, and
Commercial teams to support financial decision-making.
- Provide financial guidance and training to project teams on cost
coding, reporting, and compliance processes.
Required Qualifications:
- Bachelor’s degree in accounting, Finance, Commerce, or a related
field. Professional qualification (CPA(K), ACCA, CIMA, or equivalent) is
preferred. A master’s degree (MBA or MSc Finance) will be an added
advantage.
- Must have a minimum of 5–8 years’ relevant experience in accounting
or finance, with at least 3–5 years in project accounting or cost control
roles.
- Must have relevant project experience within upstream oil & gas
and renewable energy.
- Strong understanding of contract accounting including T&M, lump
sum, and unit rate contracts.
- Experience in revenue recognition, WIP accounting, cost-to-complete
forecasting, and project financial reporting.
- Strong knowledge of IFRS and Kenyan tax and regulatory frameworks.
- Proficiency in ERP systems (Odoo preferred) and advanced Excel
financial modelling.
- Experience in budgeting, forecasting, variance analysis, and
cashflow management.
- Strong understanding of procurement processes and subcontractor cost
validation.
- Experience with project audits and internal control frameworks.
How to Apply
