Accountant (Construction Industry) at Reeds Africa Consult

The Accountant will be responsible for managing financial records, cost control, and reporting within a construction environment, ensuring accurate tracking of project costs, budgets, and profitability. The role requires strong understanding of construction accounting practices, including job costing, contract management, and statutory compliance.

Job Description

Key Responsibilities

Project Accounting & Cost Control

Monitor and track project costs against approved budgets

Prepare job cost reports and analyze variances

Ensure proper allocation of costs (materials, labor, subcontractors) to specific projects

Support project managers with financial insights and cost control measures

Financial Reporting

Prepare monthly management accounts and financial reports

Provide project profitability reports and cash flow forecasts

Assist in budget preparation and financial planning

Accounts Payable & Receivable

Manage supplier payments, subcontractor invoices, and expense claims

Verify and process invoices related to construction projects

Track client payments, valuations, and receivables

Follow up on outstanding payments

Contract & Billing Management

Support preparation of interim valuations and final accounts

Ensure accurate billing in line with project milestones and contracts

Monitor contract variations and update financial records accordingly

Statutory Compliance

Prepare and file tax returns (VAT, PAYE, Withholding Tax, etc.)

Ensure compliance with relevant financial and tax regulations

Support audits and provide required documentation

Bank & Ledger Reconciliation

Perform regular bank reconciliations

Maintain accurate general ledger records

Reconcile project accounts and resolve discrepancies

Inventory & Asset Management

Track construction materials and site inventory

Monitor usage and prevent losses or misallocation

Maintain asset register for equipment and machinery

Documentation & Record Keeping

Maintain proper documentation for all financial transactions

Ensure project files are complete and audit-ready

Job Requirements

Qualifications & Experience

Bachelor's degree in Accounting, Finance, or related field

CPA (Part II or above) or equivalent

Minimum 3 years' experience in accounting, preferably in the construction industry

Experience in project accounting and job costing

Familiarity with construction contracts and billing processes