MANAGEMENT ACCOUNTANT (ID# 18870) in Gauteng - Johannesburg, South Africa

at Parsons Brinckerhoff

Minimum Qualification
Bachelor's Degree
Required Experience
3 - 5 years
Employment Type
Full Time
Male or Female

Job Description

  • Reporting to the PBA Finance team Leader: Management Accounting
Project set-up:
  • Participate in contract set-up, advising on financial aspects including optimising of staff resourcing, cost and billing rates
  • Develop robust project financial projections in conjunction with the project manager for each period end as well as annual budget and forecasts
  • Ensure that each project is appropriately set up in Oracle with funding agreed to signed contracts, and that the budget cost and revenue figures agree with the underlying project financial projections
Project Performance and analysis:
  • Monitor project timesheet and cost allocations, identifying and implementing remedial action for any misallocations
  • Review actual resourcing, billability, and cost/billing rates; identifying efficiencies and implementing measures to enhance commercial returns
  • Perform variance analysis of actual performance against budget/forecast and provide business reasons for variances
  Working Capital management:
  • Work with Project Administrators to ensure prompt invoicing of services delivered, in line with terms of project contracts
  • Monitor debtors position and escalate any problem-debtors to Finance and Operations Management organisations
Project reporting:
  • Perform accurate and complete accounting for projects at period end, with particular emphasis on revenue recognition and cost accruals
  • Complete financial reports for each project / BU at period end and review with project manager prior to submission for consolidation
  • Explain variances to budget; including abnormal project margins and/or project losses reported in the period
  • Identify margin gains and erosions for each project and provide business reasons for gain/erosion
  • Monitor WIP balances (Earned unbilled/Fees-in-Advance) with reference to billings and actual work done, providing reasons and remedial action for significant balances
  Management Accounting:
  • Preparation of monthly management packs
  • Preparation and co-ordination of annual budgets and quarterly forecasts for business units
  • Providing assistance with internal and external audits
  • Analysis of BU profitability
  • Oracle – Improve use of Oracle within the Project Management organisation, with particular emphasis on Project Financial Management
  • Review weekly billability, identifying efficiencies to be addresses and/or escalated to PBA Team Leader/Head of Finance
  • Responding to request regarding financial data of various business units


  • CIMA / CMA / BCompt Hons
  • 4-6 years financial experience within the services industry, ideally within a project environment
  • Hands-on experience in identifying and implementing specific change management initiatives
  • Practical experience in development and implementation of policies and procedures and processes and controls
  • Good systems knowledge and experience
  • Ability to identify and implement/drive change
  • Ability to work to achieve goals with minimal supervision
  • Excellent Communication skills, liaising with all parts of business
  • Willingness to be hands-on as required
  • Excellent work ethic with above average resilience
  • Ability to manage through ambiguity and complexity
  • Strong analytical and problem-solving skills
  • Good time management and attention to detail
  • Ability to deal with integrated systems
  • Process engineering and systems competence
  • Good working knowledge of MS Office (advanced Excel and advantage)
  • Oracle experience preferable
  • Market related and highly negotiable TCTC
  Apply Now