Posted: Jan 26, 2026
Department: Finance & Accounts Reporting To: C F O Job Purpose: The Cost Accountant will be responsible for monitoring, analyzing, and reporting on project costs to ensure accurate financial management and support strategic decision-making. The role plays a critical part in helping the company maintain cost control and profitability across construction projects. Key Responsibilities: 1. Cost Allocation Review - Review and verify the accuracy of cost allocations for each construction project to ensure correct recording and reporting. 2. Direct Cost Monitoring - Monitor and analyze direct material costs, ensuring correct supplier pricing and tracking cost fluctuations. 3. Supplier Cost Comparisons - Verifying cost comparisons between suppliers to identify savings opportunities and improve procurement efficiency. 4. Budget Adherence Validation - Collaborate closely with the procurement and project teams to validate spending against approved budgets. 5. Reporting and Variance Analysis - Prepare cost reports and perform variance analyses to identify discrepancies between actual and budgeted costs and recommend corrective actions. 6. Budget Setting and Monitoring - Assist in developing project budgets and continuously monitor actual spending versus budgeted figures. 7. Compliance and Standards - Ensure all cost accounting activities comply with company policies, financial controls, and relevant accounting standards. Required Skills and Qualifications: - Strong analytical and numerical skills with attention to detail. - Prior experience in construction cost accounting or a similar role. - Proficiency in accounting software (such as ERP systems) and Microsoft Excel. Key Competencies: - Financial analysis and reporting - Budget management - Cost control and efficiency improvement
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