Senior Accounts Officer

The Senior Accounts Officer is responsible for overseeing the financial management of the different services’ projects, including budgeting, forecasting, auditing and financial reporting.

1. 1.     Financial Management

• Prepare and maintain budgets, monitor expenditure and provide reports on financial status.
• Ensure accurate recording of costs associated with equipment, materials, labour and other project-related expenses.
• Conduct monthly, quarterly and annually financial reconciliations for various accounts.

  2.     Project Accounting

• Track and manage costs for on-going projects, ensuring they stay in budget.
• Liaise with project managers to review projects’ budgets, timelines and financial projections.
• Process invoices, purchase orders and payments for suppliers and subcontractors.
• Review contracts and agreements related to project finances to ensure compliance and accuracy.

1. 3.     Financial Reporting

• Generate detailed financial statements (P&L, balance sheet etc) and reports for Management
• Prepare periodic financial reports and dashboards

1. 4.     Internal Controls and Compliance

• Ensure compliance with accounting standards (IFRS) and relevant financial regulations

 5.     Cash Flow Management

• Assist in the cash flow management, including accounts receivable and payable, to maintain the financial health of the Company.
• Assist in the forecasts of the cash flow needs and ensure timely collection of payments from clients and stakeholders.

1. 6.     Tax and Regulatory Compliance

• Ensure compliance with tax regulations and manage tax-related tasks such as VAT filings, tax returns and other financial obligations.
• Coordinate with auditors during external audits and ensure timely submission of required documents and reports.

1. 7.     Team Leadership

• Supervise and mentor junior accounting staff, providing guidance and training as needed.
• Oversee day-to-day accounting operations, delegating tasks as necessary to junior staff.

1. 8.     Stakeholder Communication

• Collaborate with Senior Leadership, project engineers, procurement team and external vendors.
• Present financial data and insights in an understandable format to non-financial stakeholders.

Key Skills and Qualifications

1.Educational Background

• Bachelor’s degree in accounting, Finance or a related field. A professional accounting qualification (ACCA Level 2 on-going)

1. 1.     Experience

• At least 5-7 years of experience in accounting or finance, preferably within the mechanical and engineering sector.
• Experience in handling large-scale project finances, managing budgets and reporting

1. 2.     Technical Skills

• Proficient in accounting software (e.g, QuickBooks, SAP, Oracle) and Microsoft Excel.
• Strong understanding of project accounting, cost allocation and financial forecasting

 3.     Knowledge of Industry-Specific Needs

• Knowledge of procurement and supply chain management
• Familiarity with industry-specific regulations and tax requirements

1. 4.     Analytical & Problem-Solving Skills

• Strong analytical skills with the ability to interpret financial data and present actionable insights
• Ability to identify discrepancies or inefficiencies in financial operations and recommend improvements