Project Accountant

Recruiter:

Time Personnel

Job Ref:

CPT003913/Meg

Date posted:

Monday, October 21, 2024

Location:

Capetown, South Africa

SUMMARY:
Are you a detail-oriented Project Accountant who has worked within the renewable energy, oil and gas or construction sectors and have managed the financial aspects of multiple projects?

Our client based in Cape Town requires an ambitious Project Accountant who will oversee the financial operations by producing management accounts, financial statements and report to stakeholders within strict deadlines.

This is a fantastic opportunity to form part of a dynamic, collaborative, and supportive environment that values innovation and professional growth.

POSITION INFO:
REQUIREMENTS

Degree in Finance or Economics, Accounting, Business Administration, Business Law, or similar field
Beneficial for participation in a CPA (Certified Practicing Accountants) or CA (Chartered Accountants) program
Minimum 3-5 years’ proven work experience in a similar position within a renewable energy environment
Strong analytical skills for problem-solving
Deadline driven and good time management skills
Demonstrated proficiency in creating and analysing data sets and independently drawing key conclusions based on the analysis
Knowledge of renewable energy is highly desirable
Ability to work both independently as well as within a team
Advanced excel knowledge, CaseWare, Pastel, Oracle

DUTIES

Review and overall responsibility for project company accounting
Revenue recognition and customer invoicing
Cost management and control
Fixed Assets and intangible assets register maintenance (additions, disposals, depreciation calculations, etc.)
Loan register maintenance (drawdowns, repayments, interest, etc.)
Accounting estimates and accruals, Tax journals
Monthly reconciliations – banks, customers, suppliers, loans, assets, tax
Quarterly foreign currency revaluations
Overview and management of generation and maintenance of data room for project companies
Reporting duties, monthly management accounts, quarterly reporting package, assistance with AFS preparation
The projects remain in compliance of general project documents, not limited to the Power Purchase Agreement, Distribution Customer Use of System Agreement, Implementation
Updating monthly cash flow projections in conjunction with the Treasury Manager and submitting cashflow for the Project Company to the relevant internal parties as required
Understanding and interpretation of Financial Models to manage construction budgets during Construction and to maintain/manage covenant requirements during Operations
Assist the overall business of the projects under construction, particularly regarding the various agreements and the relationship with third parties
Implementation of procedures for projects going forward to establish a method for achieving financial close
Implementation of procedures to ensure good corporate governance
Contribute to defining regional development of procedures, methods, and documentation
Manage the contract administration and compliance for all the agreements entered by the project companies. This includes financial administration, investor reporting and fund management

Salary: R negotiable dependent on experience

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