Project Accountant Job WTS Energy

Project Accountant Job WTS Energy – WTS Energy Kenya Job Details

About the Role

WTS Energy is recruiting a Project Accountant to manage financial control and reporting across project portfolios in Kenya. This full-time position is based in Kenya and sits at the intersection of project delivery and financial governance, requiring someone who can translate operational complexity into reliable financial data and actionable insights. The role combines technical accounting expertise with cross-functional collaboration across project teams, procurement, operations, and commercial functions.

Accounting jobs in Kenya within the energy and industrial sectors demand professionals who understand both contract mechanics and cost control discipline. This Project Accountant Job WTS Energy position involves designing and maintaining project accounting infrastructure, ensuring accurate financial reporting, and supporting senior management decision-making on cost performance and cash flow across multiple project phases.

Key Responsibilities

• Build and establish project accounting frameworks, including chart of accounts structures, job coding systems, cost center definitions, and cost allocation methods aligned with IFRS standards and company policy requirements.
• Create and maintain budgeting structures, standard costing templates, and multi-level approval workflows to control spending across project activities.
• Conduct monthly budgeting cycles, variance analysis, and forecasting for both capital and operational expenditure across all project phases and work streams.
• Track project cost-to-complete metrics, flag cost overruns early, and prepare corrective action recommendations for project leadership.
• Generate rolling cashflow forecasts by coordinating with procurement and operations teams to align spending commitments with available cash.
• Compile weekly and monthly financial reports covering profit and loss statements, work-in-progress accounting, cost variance narratives, committed versus incurred cost breakdowns, and project margin analysis.
• Build financial dashboards and performance indicators to monitor project health and support management decision-making.
• Manage revenue recognition processes for time-and-materials contracts, lump-sum agreements, and unit-rate pricing in line with contract terms and accounting standards.
• Oversee client billing cycles, process change orders and contract variations, manage retention and claims, and reconcile client accounts to resolve billing disputes.
• Validate invoices from subcontractors and equipment suppliers against contractual terms and progress claims documentation.
• Partner with procurement teams on cost compliance oversight and payment milestone tracking to ensure contract adherence.
• Ensure full compliance with IFRS, Kenyan tax law, environmental levies, and sector-specific reporting obligations.
• Support statutory audits, tax filings, and regulatory submissions related to project activities and maintain audit trails.
• Oversee asset capitalization, depreciation schedules, asset disposals, and fixed asset register maintenance for project equipment and infrastructure.
• Configure and maintain ERP systems (Odoo) for project cost tracking, financial reporting, and management information.
• Drive automation of recurring financial reports, dashboards, and analytical processes to improve efficiency and data accuracy.

Requirements & Qualifications

• Undergraduate degree in accounting, finance, commerce, or related discipline; professional certification (CPA(K), ACCA, or CIMA) is preferred; postgraduate qualification (MBA or MSc Finance) is advantageous.
• Minimum 5–8 years of accounting or finance experience, with at least 3–5 years in dedicated project accounting or cost control roles.
• Prior experience in upstream oil and gas, EPC contracting, energy, or heavy industrial project environments is strongly desirable.
• Demonstrated understanding of contract accounting across time-and-materials, lump-sum, and unit-rate contract structures.
• Hands-on experience with revenue recognition, work-in-progress accounting, cost-to-complete forecasting, and project financial statement preparation.
• Solid working knowledge of IFRS standards and Kenyan tax and regulatory frameworks.
• Proficiency with ERP platforms (Odoo preferred) and advanced Excel modeling for budgets, forecasts, and financial analysis.
• Competence in budgeting, forecasting, variance analysis, and cashflow forecasting methodologies.
• Working understanding of procurement processes and subcontractor invoice verification and validation.

What to Expect

• You will work within a project-driven organization where financial accuracy and timely reporting directly influence project performance and commercial outcomes.
• Cross-functional collaboration is central to the role—you will engage regularly with project managers, operations teams, procurement specialists, HSE staff, and commercial teams to provide financial guidance and ensure cost discipline.
• This Project Accountant Job WTS Energy position in Kenya is open to qualified candidates. Click Apply below to submit your application.

Method of Application

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