Senior Cost Accountant

Job Description

Job Purpose

The Senior Cost Accountant is responsible for managing and analyzing project and operational costs, ensuring accurate cost recording, allocation, and reporting. The role involves monitoring project expenditures, analyzing cost variances against budgets, supporting project budgeting and forecasting, and providing timely cost information to management for effective decision-making. The Senior Cost Accountant works closely with Finance, Procurement, and Project teams to ensure effective cost control, accurate financial reporting, and compliance with company policies and accounting standards.

Job Requirements:

• Education: MA/BA Degree in Accounting or Finance & formal accounting designation is preferred.

• Experience: 5+ years of experience in accounting or finance, with a strong understanding of accounting principles. Prior experience in a supervisory or senior accounting role is preferred.

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• Reports To: Finance Manager

• Duty Station: Addis Ababa Head Office

• Salary & Benefits: Negotiable, commensurate with qualifications and experience

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 analysis for management.

• Monitor actual and committed costs against approved project budgets and identify 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 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.

Skills & Competencies

• Proficiency in accounting software (e.g. Odoo) and advanced Microsoft Excel skills.

• Strong knowledge of GAAP/IFRS and tax regulations.

• Excellent analytical, problem-solving, and organizational skills.

• Strong attention to detail and ability to meet deadlines.

• Exceptional communication and interpersonal skills, with the ability to work effectively with cross-functional teams.

Key Competencies:

• Accuracy and Attention to Detail: Must demonstrate precision in financial reporting and reconciliations.

• Problem-Solving: Ability to identify and resolve accounting discrepancies or challenges.

• Leadership: Capable of mentoring junior staff and leading initiatives within the accounting department.

• Adaptability: Able to work in a fast-paced environment and manage changing priorities.

• Ethical Judgment: Maintain the highest standards of integrity in financial reporting and compliance.

How To Apply

Apply through the following link: THIS LINK

Interested and qualified applicants are required to submit the following documents:

• A Cover Letter

• An Updated Curriculum Vitae (CV)

• Clear scanned copies of supporting documents