Senior Cost Accountant

Key facts

About the role

Highlights

• JOB PURPOSE
• The Senior Cost Accountant is responsible for managing and analyzing project and operational costs to ensure accurate cost recording, allocation, and reporting. The role monitors project expenditures, analyzes cost variances, supports budgeting and forecasting, and provides timely cost information to management for decision-making.
• JOB SUMMARY
• Position Title: Senior Cost Accountant
• Reports To: Finance Manager
• Duty Station: Addis Ababa Head Office
• Salary and Benefits: Negotiable, commensurate with qualifications and experience
• KEY DUTIES AND RESPONSIBILITIES
• Monitor, record, and analyze project costs, including materials, labor, equipment, subcontractors, and other project expenses.
• Prepare project cost reports, budgets, forecasts, and variance analyses for management.
• Monitor actual and committed costs against approved project budgets and identify potential cost overruns.
• Ensure accurate allocation and classification of costs to projects and cost centers.
• Review supplier, subcontractor, and construction-related invoices and payment documents.
• Reconcile project costs and investigate discrepancies between Finance, Procurement, and Project records.
• Support month-end and year-end closing activities and ensure accurate project cost reporting.
• Provide cost analysis and recommendations to support project profitability and management decision-making.
• Ensure compliance with accounting standards, company policies, and internal controls.
• Work closely with Finance, Procurement, Project Management, and Quantity Surveying teams to strengthen project cost control.

Required qualifications

• JOB REQUIREMENTS
• EDUCATION
• Master’s or Bachelor’s degree in Accounting, Finance, or a related field.
• Formal accounting certification or professional designation is preferred.
• WORK EXPERIENCE
• Minimum of 5 years of experience in accounting or finance.
• Strong understanding of accounting principles and financial practices.
• Previous experience in a senior or supervisory accounting role is preferred.
• SKILLS
• Proficiency in accounting software, such as Odoo, and advanced Microsoft Excel skills.
• Strong knowledge of GAAP, IFRS, and applicable tax regulations.
• Excellent analytical, problem-solving, and organizational skills.
• Strong attention to detail and ability to meet deadlines.
• Excellent communication and interpersonal skills, with the ability to work effectively with cross-functional teams.
• KEY COMPETENCIES
• Accuracy and Attention to Detail: Ensure accuracy in financial reporting and reconciliations.
• Problem-Solving: Identify and resolve accounting discrepancies and financial challenges.
• Leadership: Mentor junior staff and support initiatives within the accounting department.
• Adaptability: Work effectively in a fast-paced environment and manage changing priorities.
• Ethical Judgment: Maintain high standards of integrity in financial reporting and compliance.

Skills

How to apply