Job Description

Durban University of Technology (DUT) is located on the warm east coast of South Africa. It sprawls over seven (7) campuses in tropical and picturesque Durban, and in Pietermaritzburg, with its undulating hills that flow over from the Drakensberg Mountain.

According to our ENVISION2030 strategy, DUTs DNA has two strands, namely people-centred and engaged and innovative and entrepreneurial. These are interwoven intrinsically by a number of double pairs consisting of values and principles that bind our double-helix together. The extrinsic expression of our DNA is via The DUT-Way; which demonstrates our collective character and behaviour.

The Universitys ultimate goal is to contribute towards improving the lives and livelihoods of all its people, both internal and external. DUT consistently strives towards excellence and greatness in teaching-learning and in research-innovation; something that has been recognized recently when The Times Higher Educations World University Rankings placed DUT within the top 500 of Universities in the world and within the top 5 universities in South Africa. The enactment of these internationally recognized strengths is demonstrated in our impactful engagement internally and externally in service of our localities, the region and the country at large.

Department: Real Estate Management

Post: Project Accountant

Minimum Requirements:

• BCom Accounting Degree or equivalent (NQF 7)
• 5 years experience in the Finance field, including project accounting
• Knowledge of accounting systems (ERP) Appropriate experience in the financial management of contracts and projects
• Experience in the higher education environment
• Strong accounting and financial background
• The ability to provide senior level leadership to project leaders
• Knowledge of applicable laws and regulations
• Knowledge of MS Excel (specifically, advanced formulas, pivot tables and charts)

Summary of Duties:

• Prepare and maintain detail project budgets and long-term business plan.
• Prepare and maintain monthly project forecast.
• Update of monthly dashboard and management accounts (balance sheet, income statements and cash flow statements).
• Project costing, labour recoveries, inventory and WIP justification.
• Liaise with Programme Managers, Financial Managers & Directors internally and auditors externally.
• Administer and operate project management system.
• Request contractor progress invoices.
• Check and load weekly contractor payments.
• Perform general administration of projects.
• Audit, pay and reconcile the disbursements, refunds and receipts of contracts and settlement agreement.
• Perform the year-end closing activities and special projects, including the master chart of accounts documentation.
• Review budgets, including staffing, work plans, and fee structures.
• Prepare actual costs, working capital, and tax reports.
• Monitor receivable income and supporting project managers with collections.
• Issue invoices and purchase orders, as well as paying consultant, subcontractor, vendor, and supplier bills.
• Ensure a steady cash flow by generating, auditing, and sending invoices in a timely manner.
• Update contracts according to client requirements and reporting associated budget amendments.
• Providing financial advice to project managers on the drafting of budgets, financial management and project proposals.
• Monitor compliance with the financial policy and procedures.
• Conduct expenditure analyses on identified projects and interventions as required.
• Report to the Manager: Special Projects or other project managers as required.
• Provide project managers with timely financial reports and budgets, as well as project forecasts.
• Prepare various reports for the Cost Accountant.
• Preparing pre-billing reports for project managers to review.
• Conduct reporting on project accounting status and quarterly forecasts.
• Assist business finance in quarterly forecast with regards to project costs.
• Identify and prepare relevant information and data for reporting purposes.
• Make assessments of and draw solutions from qualitative data. Make logical deductions and draw conclusions that can be motivated.

Salary: Market related

Contact Person: Miss. ZJ Ngcobo

Status of Position: Permanent

Please apply with a completed official application form for employment (download from DUT careers website ) and send together with a detailed CV, ID copy, qualifications and a covering letter.

Kindly note:

Communication will be entered into with short-listed candidates only. Only applications made on our application for employment form would be considered.

While DUT strives for equal opportunities, preference will be given to suitable candidates in terms of the Universitys equity policy The University reserves the right NOT to make an appointment.

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