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Project Accountant

Company WSP Group Africa (Pty) Ltd
Reference # WSP/SUP/BRY/03/2020
Published 04/02/2020
Contract Type Permanent
Salary Market Related
Location Bryanston, Gauteng, South Africa
Introduction
THE COMPANY:

WSP is one of the most diverse consulting firms in Africa. To further our strategic business expansion plan, we are seeking new employees who are loyal, committed, competent and proud to work for us. We are committed to the achievement and maintenance of diversity and equity in employment.

Job Functions Accounting
Industries Consulting Services,Engineering
Specification
KEY ROLE:

To monitor financial performance within the division at a project level. Monitoring cost and revenue allocation to projects in line with appropriate recognition criteria. He/she will work directly with Project Managers, Bid Managers, and Divisional Directors to support them in delivering projects on time and within budget by providing timeous financial reports on projects. Provide Commercial /Financial sign off to confirm accuracy and compliance with process and policy. Actively strive to reduce DSO and ensure financial governance within Project Accounting.


KEY RESPONSIBILITIES:

The incumbent would ideally have had significant experience in all or some of the requirements as noted below which are core to our business:

Contract administration:
• Project set up within BWO, maintenance, and reporting
• Project closure within BWO for inactive/dormant or completed projects
• Ensure that each project is managed in accordance with signed contracts
• Open prospects in BWO according to prescribed policies and procedures
• Covert prospects to project in BWO according to prescribed policies and procedures
• Assist Project Managers with bottoms up costing analysis
• Ensure all project standing data is accurately maintained

Cost Control:
• Analyse all project costs, ensuring the correct allocation of such costs, taking action to correct any misallocated items
• Work with Project Managers in updating “cost to complete tool” on all projects within every quarterly cycle
• Cost to Complete tool to be administered and reviewed at minimum weekly and corrective actions taken timeously
• Develop robust project financial projection in conjunction with the Project Manager for each period end, as well as for annual budgets and quarterly forecasts on Project level
• Ensure monthly project overview summaries for all projects are compiled and reviewed within each division
• Monitoring project financial performance against budget and identify potential variation orders and scope creep
• Review cost/revenue variations on projects and report reasons for change
• Perform variance analysis of actual performance against budget/forecast and provide business reasons for variances

Planning and Schedule Control:
• Preparation of Schedule and Work Breakdown Structure (WBS) in BWO in line with Project Managers’ project plan, contract and system requirements
• Assist in preparation of financial forecasts for bids

Billings and Collections:
• Track and account for unbilled costs
• Ensure accruals correctly accounted for on a monthly basis
• Ensure up to date billing/invoicing schedules maintained on the ERP system and liaises closely with debtors clerk
• Monitor cash flow and expedite aged debt directly with debtors control
• Confer with Receivables staff regarding unpaid contract billings
• Liaise with Credit Manager on preparation of Bad debt summary
• Actively monitor and co-ordinate efforts to reduce DSO within the business area

Timesheets and Payroll:
• Updating labour rates
• Drive a disciplined and efficient timesheet orientated culture within BU's
• Collation of payroll information with respect to expense claims etc.
• Preparation of weekly utilisation reports

Reporting:
Regular reporting to Project Managers and Management Accountants, including but not limited to:
• Update of WIP schedule each period
• Monitor and report on projects with a high level of WIP
• Analyse project profitability reports with Project Managers timeously
• Co-ordination of in-month review data from Project Managers
• Ensure IDA's and VO's are properly accounted for

Quality:
• Ensure compliance with Business Management System through the life cycle of the project
• Internal project audit
• Provide details for external audit

Health and Safety
• Role model standards for SHEQ performance and behaviour consistent with the company’s health, safety, environmental and quality vision and policies by influencing those around you
• Contributing to the identification of SHEQ risks and driving processes to achieve Zero Harm
• Embracing, displaying and promoting the company values and ensuring a safe working environment is maintained at all times

Requirements
QUALIFICATIONS AND EXPERIENCE REQUIRED:

• Degree or other relevant academic qualification (Business & Financial/Accounting/Commercial) and 3-5 years’ experience in Project Accounting
• Bcom would be advantageous
• Studying towards CIMA
• Candidates would have the relevant project and financial experience, preferably within a consultancy service environment
• Proficient with Microsoft Excel (Intermediate to Advanced)
• Sound knowledge and relevant experience of Project Accounting software (BWO, Prevero)
• Ability to deal with large volumes of data intelligently and focused


KEY COMPETENCIES AND GENERIC SKILLS:

• The successful candidate will be commercially conscious, detail orientated and able to offer high-level commercial guidance and support to directors, project and bid managers, having advanced knowledge of WSP systems, processes, and policies
• Strong service and customer focus
• Knowledge of project structure in a client /consultant business environment
• Good interpersonal skills, work well with teams and have strong organisational skills
• Confident, forward-thinking and be able to facilitate relationships
• Good team player, demonstrating flexibility and commitment
• Proven ability to communicate at all levels, both internally and externally, coupled with good presentation skills
• Good time management, with the ability to multi-task and achieve goals, deliverables and strict deadlines with minimal supervision
• Ability to work independently, take initiative, set priorities and see projects through to completion
• An excellent work ethic, with integrity and above-average resilience.

Job Closing Date 19/02/2020
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Last Updated: 11 days ago [20.02.01.00]
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