Project Accountant at AltGen South Africa

• AltGen is looking for a skilled and experienced Project Accountant to join a renewable energy company based in Stellenbosch. The role will assist with monitoring financial progress of projects, investigating variances, ensuring project billings are issued and payments are collected, and providing feedback to stakeholders regarding financial statuses of projects in accordance with IFRS.

Responsibilities
Conducting expenditure analysis on projects:

• Review and reconcile project financial reporting, ensuring validity, accuracy and completeness against actual project execution
• Monitor and report on project cost performance against budgets and forecasts
• Coordinate with project managers, procurement staff, and other stakeholders to ensure that project expenses are properly authorised, documented and recorded in the financial records
• Review and prepare project cash-flows
• Prepare and present project cost and variance reports to stakeholders, including senior management
• Analyse and accurately allocate shared costs among various projects
• Assess and analyse the impact of resource costs based on time-spent vs budgets

Financial project accounting:

• Analyse costs from the project team and determine costs to be expensed or capitalised in accordance with IFRS and tax requirements
• Setting up asset structures (asset classes, componentisation etc.) in the accounting records for various projects in accordance with IFRS and tax requirements
• Reviewing and recommending projects / assets that are ready for depreciation in accordance with IFRS and tax requirements
• Maintain constant communication with the projects and procurement teams to keep abreast with project execution, ensuring financial results are aligned with the associated execution
• Assessing Work in Progress of projects based on procurement, implementation and project milestone progress
• Assist with financial audits and other ad-hoc projects as needed

Requirements:

• Bachelors degree in Accounting, Finance or related field
• 3–6 years’ experience in project accounting, financial accounting, or project finance, preferably in renewable energy, infrastructure, or construction environments
• Experience with project reporting, budget vs actual analysis, variance investigations, cash flow forecasting, and financial reporting
• Working knowledge of IFRS, including cost allocation, capitalisation principles, fixed assets, and audit support
• Advanced Excel and ERP systems experience, with the ability to manage multiple projects and work across stakeholders