Project Accountant
Ensure accurate financial statements and manage project budgets.
Overview
Ensure accurate financial statements and manage project budgets.
You have:
- BSC/HND in Accounting, Finance, or other relevant fields of study with a minimum of eight (8) years’ experience performing similar role in a well-structured environment.
- Professional certifications in ACA, ACCA is required.
- Masters’ degree is an added advantage.
- Knowledge of Oracle EBS application.
- Strong command of Microsoft Office suite.
- Strong attention to details.
- Experience in Project Finance Management.
Position: Project Accountant
Contract: 3-year renewable contract Location: Ibadan
Closing Date: 22 April 2025
DUTIES:
- Ensure the preparation of prompt, timely, and accurate financial statements for donors.
- Review project budgets periodically and advise budget holders/PMs on potential project overruns.
- Ensure the prompt preparation and submission of invoices to donors.
- Coordinate assigned project audits throughout the year.
- Ensure the prompt and accurate computation of annual budgets.
- Ensure the prompt resolution of issues raised by Budget Officers/PMs.
- Contribute meaningfully to IITA's overall cash flow management.
- Advice PMs on budget burn rates to avoid overruns and ineligible expenses.
- Support the institute’s annual audit with relevant schedules and respond to audit queries.
- Ensure timely justification of partners' financial reports.
- Accurately verify all partners’ expenses based on supporting documents submitted with financial reports on assigned projects.
- Monitor budgets and ensure compliance.
- Ensure project expenditures do not exceed the life budget.
- Avoid ineligible overruns on each budget line.
- Eliminate project overruns through budget monitoring and variance analysis/burn rate tracking.
- Identify projects with overrun potential early through monthly budget monitoring reports.
- Prepare accurate and timely overhead and CSP charges at month-end for all active projects.
- Perform any other duties as may be assigned by the Supervisor.
Requirements
QUALIFICATION:
BSC/HND in Accounting, Finance, or other relevant fields of study with a minimum of eight (8) years’ experience performing similar role in a well-structured environment. Professional certifications in ACA, ACCA is required; Masters’ degree is an added advantage.
COMPETENCIES:
The ideal candidate must:
- Have knowledge of Oracle EBS application.
- Have a strong command of Microsoft Office suite.
- Have strong attention to details.
- Have experience in Project Finance Management.
Benefits
We offer highly competitive salary with equally attractive benefits and excellent working conditions in a pleasant campus environment.
Potential interview questions
| Describe your experience with managing project budgets and any challenges you faced. | This question evaluates your practical experience and problem-solving skills in budget management. | Provide specific instances where you managed budgets, highlighting the challenges and your solutions. |
| How would you ensure compliance with project budgets? | This question assesses your understanding of budget compliance and monitoring. | Pro members can see the explanation. |
| Can you explain your experience with Oracle EBS and how it has helped you in your previous roles? | Pro members can see the explanation. | Pro members can see the explanation. |
| What steps do you take to prepare for an audit? | Pro members can see the explanation. | Pro members can see the explanation. |
| How do you handle discrepancies in financial reports? | Pro members can see the explanation. | Pro members can see the explanation. |
| Give an example of a time you advised a project manager on budget burn rates. | Pro members can see the explanation. | Pro members can see the explanation. |
| What techniques do you use for variance analysis? | Pro members can see the explanation. | Pro members can see the explanation. |
| Describe a situation where you had to manage an overrun in a project budget. | Pro members can see the explanation. | Pro members can see the explanation. |