LEAD PROJECT COST ACCOUNTANT

LEAD PROJECT COST ACCOUNTANT

We are seeking an exceptional and commercially astute Lead Project Cost Accountant to spearhead our cost control and project accounting operations within the dynamic real estate development and building construction sector.

This senior role is pivotal in managing multi-project job costing, work-in-progress (WIP) accounting, and project ledgers across multiple active sites. You will be responsible for rigorously auditing subcontractor monthly Interim Payment Certificates (IPCs), ensuring strict adherence to retention withholdings and advance recovery, and conducting thorough Cost-to-Complete (CTC) reviews with Site Project Managers to safeguard development margins.

The position requires a deep understanding of IFRS 15 principles for revenue recognition and the ability to provide historical unit-rate benchmarks to executive leadership for pipeline development underwriting. This is a unique opportunity to make a significant impact on a leading enterprise with a substantial project portfolio.

Required Skills

• Job Costing
• Work-in-Progress (WIP) Accounting
• Project Ledgers
• Subcontractor Payment Certificates
• Retention Withholdings
• Cost-to-Complete (CTC) Reviews
• BOQ Auditing
• IFRS 15 Revenue Recognition
• Zoho Books
• Advanced Excel Modeling
• ERP Systems

Key Responsibilities

• Own multi-project job costing, work-in-progress (WIP) accounting, and project ledgers across 8 sites.
• Rigidly audit subcontractor monthly Interim Payment Certificates (IPCs), enforcing 5% retention withholdings, advance recovery, and contra-charges.
• Conduct monthly Cost-to-Complete (CTC) reviews with Site Project Managers to identify budget variances and protect development margins.
• Reconcile theoretical BOQ material consumption against physical stores issue notes for bulk commodities (cement, steel rebar, fuel).
• Calculate stage-of-completion revenue recognition under IFRS 15 principles in collaboration with the Financial Controller.
• Provide historical unit-rate benchmarks to executive leadership for pipeline development underwriting.

Qualifications

• B.Sc / HND in Accounting, Finance, Quantity Surveying, or Construction Management.
• Qualified Chartered Accountant (ACA, ACCA, CPA, ICAN) or certified Quantity Surveyor (NIQS/RICS).
• 6–10 years post-qualification experience, with a minimum of 4 years in real estate development or building construction.
• Demonstrated expertise auditing subcontractor payment certificates, retentions, and BOQs.
• Proficiency in Zoho Books (Projects module), ERP systems, and advanced Excel modeling.