Accountant Construction Industry

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 go to method of application »