Cost Accountant
Job Summary
Mshel Homes Limited seeks a detail-oriented Cost Accountant to provide accurate cost analysis, financial control, and contract cost reporting across the company’s real estate development and construction projects.
Key Responsibilities
- Monitor and track all costs associated with construction and real estate contracts, ensuring expenditures remain within approved budgets.
- Review and validate contractor and subcontractor invoices, progress claims, and payment certificates against contract schedules and work done.
- Prepare and maintain contract cost schedules, cash flow projections, and cost-to-complete estimates for all active development projects.
- Analyse contract variations, change orders, and claims — assessing financial impact and advising the Contract Management team accordingly.
- Identify and escalate cost overruns, irregularities, or financial risks early, with recommended corrective actions.
- Prepare monthly, quarterly, and project-end cost reports highlighting budget vs. actual performance, variances, and financial risks.
- Conduct detailed cost analysis covering materials, labour, plant, and overhead to support informed financial decision-making.
- Reconcile contract costs in the accounting system and ensure accurate allocation to relevant project cost centres and general ledger accounts.
- Support the preparation and management of project budgets, conducting ongoing variance analysis and recommending cost control measures.
- Assist in contractor and supplier evaluation, reviewing BOQs, pricing schedules, and rate analyses to ensure value for money.
- Ensure all contract cost transactions are properly documented and compliant with company financial policies, accounting standards, and Nigerian regulatory requirements.
- Support internal and external audit processes by providing accurate cost data, documentation, and financial records as required.
Qualifications & Requirements
- Bachelor’s degree or HND in Accounting, Finance, Quantity Surveying, or a related discipline.
- Professional certification or membership in ICAN, ACCA, CIMA, or NIQS is an added advantage.
- Minimum of 3–5 years of experience in cost accounting or project cost control, preferably in construction or real estate.
- Demonstrable experience in reviewing BOQs, contract valuations, and contractor payment certifications.
- Proficiency in advanced Microsoft Excel and accounting/ERP software; familiarity with Nigerian tax regulations (WHT, VAT) applicable to construction contracts.
What We Offer
- Competitive salary and performance-based incentives.
- Opportunities for professional growth and development.
- A collaborative and innovative work environment.
- The chance to make a meaningful impact within the real estate industry.
Method of Application
Interested and qualified candidates should forward their CV to: recruitment@mshelhomes.com using the position as subject of email.