Responsible for Project (CAPEX Expansion), Fixed Assets & other GL accounts control, administration and reporting process.

Major Roles and Responsibility 

• Complete on time Project Reports and control Project accounts

• Create project accounts in the accounting system

• Maintain project-related records and Reviews and processes subcontracts, subcontract change orders and cross check contracts to ensure they agree the records.

• Collects and reviews project subcontractor/supplier lien waivers.

• Ensure availability of guaranteed cheques equivalent to project advances at all times.

• Collects, reviews, approve & processes subcontractor/supplier monthly project invoices. Needs to ensure all invoices have been accrued properly and timely to the correct cost reports and phase codes.

• ·Review and approve time sheets for work related to a project

• Review and include overseas & local travel expenses that incurred with respect of project into the appropriate project accounts.

• Review and approve overhead charges to be applied to a project.

• Investigate project variances and submit variance reports to management.

• Confer with payable staff regarding unpaid contract billings.

• Monitors cash flow and communicate with the project and AP staffs on tracking A/P and when the projects are paid.

• Report to management regarding the remaining budget available for projects

• Review all project-related billings.

• Investigate all project expenses not billed to vendors/ contractors.

• Respond to requests for more detail from vendors/ contractors/ project engineers.

• Close out project accounts upon project completion

• Create and submit government reports and tax returns related to projects.

• Upload AFCE report on portal for Asset, Service & Project procurements.

• Create ZAFCE and Asset Creation on SAP for project purchase.

• Prepare Service Entry Sheet for project service purchase.

• Prepare & submit monthly group AFCE report on time & reply for any queries raised by project team and group AFCE report in charge officers.

• Provides monthly assistance to Project Management staff in the preparation of monthly billings.

• Prepare weekly Project Status report.

• Expecting to work independently and travel out to jobsites to perform regular project cost report reviews.

• Prepare project payment control sheet and reconcile with Payment Certificate and contractual agreement documents before payment request.

• Control advance payment, tax and retention account balance related with project expenses.

• Update project commitment list through closely follow up with Project & Supply Chain teams on weekly basis.

• Compile and file copy of project AFCE purchase resource documents & contractual agreement documents.

• Maintain Physical documentation file for ZAFCE application form & source documents like proforma invoices and approved memo and budget.

• Responsible to process CIP Transfer to Asset after ensuring all procedures & formalities completed based on Group Project Management Policy.

• Taking full responsibility for transactional accounts accruals, retention release, provisions, and prepayments, ensuring integrity of data is correct and anomalies are investigated and reported accordingly.

Responsibilities & Roles on Fixed Asset & Deprecation·  

• Responsible to booking fixed asset transactions (WIP, additions, transfers, disposals) are recorded accurately, consistently and within company policy and budget.

• Monitoring fixed asset purchases, ensure proper forms, procedures and policies have been followed as per Group Accounting & Reporting policy & AFCE policy.

• Ensure all expenditures of a capital nature shall be capitalized based on Finance & Accounting policy.

• Work closely with Accounting & Reporting Manager.

• Maintain Fixed Assets Register book on SAP and reconcile it with audit report.

• Assess property, plant and equipment for impairment triggers and perform appropriate impairment tests when necessary.

• Track capital expenditures in comparison to the budget and expenditure approvals

• Responsible to processing of all intangible assets and amortization

• Support & lead the annual fixed asset inventory processes.

• Review and validate fixed asset related balance sheet accounts monthly.

• Work with supply chain & cost and budget section to ensure proper internal controls are in place and rolled out consistently.

• Ad hoc projects assigned by senior management including analysis of business operations, proposed accounting treatment of unusual transactions or other accounting and finance related matters.

• Ensure the group & statutory (tax) depreciation charges accurately calculated and booked on SAP a per group financial & accounting policy.

• Responsible for Depreciation Run on SAP monthly. 

• Responsible to Create ZAFCE and Asset Creation on SAP for Fixed Assets purchase.

Accuracy of Financial Data

• Ensures that information on financial status of the Company is readily at hand whenever required.

• Closely monitors and ensures accurate and up to date accounts and financial records are maintained based on Company financial policy and procedure and a standardized procedure.

Job Requirements

• BA Degree in Accounting, Accounting & Finance or relevant field

• Minimum 4 years’ relevant experience of which two years as Sr. Accountant or Sr. Account Officer in manufacturing industry.

• SAP knowledge is a plus. 

  Good knowledge of the Ethiopian Tax regulations.

• For internal applicants meet requirements in the career ladder 

How to Apply

• Qualified candidates who meet the above requirements can submit their CV and cover letter through  THIS LINK by specifying the position and JOB ID in the cover letter.