AKESK is hiring a Project Accountant to oversee project finances, manage project budgets, monitor cash flow, and ensure financial compliance and reporting for a major school construction project.
AKES,
Kenya seeks to hire a Project Accountant for a K-12 school
construction project based in Nairobi, for 3 to 4 years (project-based).
Role Summary:
Reporting to the Chief Finance Officer (CFO) , with a dotted line to the Project Director, the Project Accountant oversees all financial aspects of this major construction project, ensuring integrity, compliance, and accountability throughout the lifecycle.
Working closely with the CFO, Project Director, and Project Commercial Manager, the role provides accurate financial reporting, budget control, and risk management for timely and on-budget delivery.
Key Responsibilities:
Financial
Planning & Budgeting:
- Establish cost baselines and implement budget control to monitor
committed, actual, and forecasted costs.
- Monitor budget performance and provide variance analysis with
recommendations.
Cash
Flow and Funding Management:
- Forecast cash flow and manage funding disbursements with the project
team.
- Prepare rolling cash flow forecasts to support liquidity planning.
- Monitor funding against milestones; coordinate drawdowns or capital
calls.
- Identify liquidity needs early and support treasury planning.
- Monitor FX and inflation risks; assess impact on cash flows;
recommend optimal cash deployment.
Cost
Monitoring and Payments:
- Track expenditures against budgets; flag overruns early.
- Review contractor/consultant invoices, payment certificates, and
supporting docs for accuracy and ETIMS compliance.
- Ensure timely payments per contracts; liaise with project teams and
finance to resolve queries.
Accounting
and Financial Control:
- Accurately record transactions in ERP/FIS; maintain project-specific
GL accounts.
- Ensure timely capitalization of completed assets per accounting
standards (e.g., IFRS).
Tax
Compliance:
- Ensure compliance with Kenyan tax laws and statutory requirements.
- Accurately capture, reconcile, and claim input VAT; follow up on
refunds and maintain documentation.
- Liaise with tax authorities and internal stakeholders to resolve tax
matters.
Movable
Asset Tracking and Recording:
- Maintain an up-to-date register of all movable assets acquired, with
the project team.
- Coordinate tagging, recording, and transfer to the Fixed Asset
Register upon commissioning.
- Ensure proper documentation, safeguarding, and accounting per asset
management policies.
Reporting
& Compliance:
- Prepare monthly, quarterly, and annual financial reports for
internal and external stakeholders.
- Perform monthly reconciliation between budget monitoring tool and
ERP/FIS; investigate and resolve variances.
- Ensure compliance with donor, regulatory, and internal policies;
support audits.
Procurement
& Contract Oversight:
- Collaborate with procurement to ensure financial due diligence in
vendor selection.
- Review financial terms in contracts and monitor compliance.
Risk
Management:
- Identify financial risks and propose mitigation strategies; maintain
a risk register with the project management team.
Stakeholder
Engagement:
- Liaise with internal departments, external consultants, contractors,
and donors.
- Provide financial insights to support strategic decision-making.
Project
Close-Out:
- Coordinate financial closure; reconcile budgets and expenditures.
- Verify completion of contractual financial obligations.
- Prepare final financial reports; support asset capitalization and
handover.
- Document lessons learned and financial performance outcomes.
Qualifications and
Experience:
- Bachelor’s degree in Accounting, Finance, or a related field.
- CPA (K), ACCA, or equivalent professional accounting qualification.
- Master’s degree in Finance, Accounting, or Project Management (an
added advantage).
- Minimum 7 years of progressive accounting experience, with at least
3 years in project accounting.
- Proven experience in managing finances for large-scale construction
or infrastructure projects.
- Experience working with donor-funded or non-profit organizations is
highly desirable.
- Strong financial analysis and reporting skills.
- Proficiency in accounting software (e.g., Microsoft Dynamics, SAP or
similar ERP systems).
- Excellent knowledge of Kenyan tax laws and financial regulations.
- Strong interpersonal and communication skills.
- High level of integrity, accuracy, and attention to detail.
- Ability to work independently and collaboratively in a
multidisciplinary team.
- This position is open to Kenyan citizens only.
How to Apply
