Project Accountant - Southdale

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Job TypeFull Time


Provide a project accounting service to the Venetia Underground Project. The incumbent will provide accounting & financial management services to the Project, ensuring that costs between cost system and SAP are aligned and correctly reported, and that the change management Project procedures are adequately adhered to.


Formulate and maintain appropriate project financial procedures
Payment Terms reviews and updates
Ensure appropriate sign off and segregation of duties is in place
Identify and implement best practice relating to project accounting and financial control
Monitor the project team’s adherence to relevant policies and procedures
Compliance to all accounting standards, and ensure alignment with IFRS and company policies
Ensure that appropriate reports are available from SAP to assist Management in accessing and extracting relevant information
Responsible for the financial and performance reporting of the Project to internal and external stakeholders
Coordinate the process relating to foreign payments in line with company standards and project procedures
Responsible for the management and control of budgets, commitments, expenditure, forecasts (FEC), vs authorized budget to indirect costs and the production of project financial reports.
Manage and deliver various scheduled and ad hoc financial management or accounting related assignments.
Manage the co-ordination of receipt and approval of invoices and ensures appropriate checks for validity and budget allocation prior to approval
Responsible for the month and year-end processes:
Perform monthly journals, allocation and accruals
Environmental Calculation and Journal posting
Coordinates the preparation and integration of project incremental indirect costs
Capitalisation of Assets and depreciation reallocation to AUC
Control of Stock account
Ensure alignment of SAP vs cost system with monthly reconciliation of actual costs, budgets and forecasts
Forecasting and budgets:
Prepare and consolidate Project indirect cost
Co-ordinate and analyze Total Project expenditure for various rounds of forecasting and budgets.
Monitor and advise project planners and managers to support the cost estimating, cost control and cost forecasting activities
Identify, investigate and forecast variance trends, and if required, develop corrective action plans in conjunction with management
Follow up on variances found during the close-out process and ensure appropriate close out of the contracts
Coordinate accurate input and review of 6 weekly cash-flow on a weekly basis (Down Payments/Retentions)
Project SAP Management and administration:
Master Data update
Responsible for financial close out of PO’s/Contracts in line with Company procedure
Effectively engage and communicate with the Project team and other stakeholders.
MINIMUM REQUIREMENTS: (Education & Experience)

The successful candidate will meet the following minimum criteria:
Bachelor’s Degree in Accounting.
5 to 7 years’ experience in the mining industry.
Computer literacy and proficiency in SAP & Microsoft Office packages
Full understanding of international Financial Reporting Standards (IFRS).
CA (SA) qualification will be advantageous.
Successful completion of the Company’s screening protocols (eg security clearance, qualification verifications).

Ability to complete the entire accounting process with little/no supervision, within the allocated time, and to the required quality standards.
The ability to conduct multiple assignments concurrently.
Have a sound understanding of project management and project control principles.
Energetic, self-starter and strong personal effectiveness (time management).
Sound interpersonal skills.
Strong communication skills.
Strong analytical capability.
Strong goal setting, prioritising, planning and organisation skills.
Advanced understanding of mining operations.
Advanced understanding of capital projects and the role of finance department.
Strong planning, organising and co-ordinating skills.
Computer literacy and proficiency in SAP and Microsoft Office packages

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Job id : , #72810, 9 views,