Senior Cost Accountant

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 Summary

Position Title:  Sr. Cost Accountant

Reports To: Finance Manager

Duty Station: Addis Ababa Head Office

Salary & Benefits: Negotiable, commensurate with qualifications and experience

Duties and Responsibility

• 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.