Domeo Resources International (DRI) is a prolific organization that proffers HR and Management Consultancy solutions premised on excellence and innovation.Main Function
The Accountant will be responsible for managing the company’s financial operations. This includes project cost accounting, contract billing, subcontractor payments, and compliance with industry-specific financial regulations.
The role requires a results-driven professional who can maintain financial accuracy across multiple active projects while supporting the overall financial health of the organization.
Role Responsibilities
Project Cost Accounting:
Set up and maintain cost codes and cost centers for each construction project.
Track and allocate project expenditures including labour, materials, equipment, and subcontractor costs.
Prepare and review job cost reports to monitor project profitability and budget performance.
Identify and report cost overruns, variances, and financial risks on active projects to management.
Liaise with project managers and site teams to ensure accurate and timely cost data.
Contract Billing & Revenue Recognition:
Prepare progress billings, interim valuations, and final accounts in line with contract terms.
Manage the processing of client invoices, retention deductions, and variation claims.
Apply appropriate revenue recognition principles (e.g., percentage of completion) for ongoing contracts.
Monitor receivables and follow up on outstanding payments from clients and partners.
Subcontractor & Vendor Management:
Process and verify subcontractor payment certificates and invoices in line with contract agreements.
Manage accounts payable for suppliers, vendors, and subcontractors, ensuring timely and accurate payments.
Reconcile subcontractor accounts and resolve payment disputes as required.
Ensure withholding tax (WHT) deductions are correctly applied and remitted on subcontractor payments.
General Finance & Accountin
Maintain accurate general ledger entries and ensure all financial transactions are properly recorded.
Perform monthly bank reconciliations and ensure all accounts are balanced and up to date.
Prepare monthly, quarterly, and annual financial statements for management review.
Support the preparation of annual audits and liaise with external auditors.
Budget & Cost Control:
Support the preparation of project budgets and company-wide annual budgets.
Monitor actual costs against budgets across all projects and departments.
Provide financial analysis and recommendations to reduce costs and improve margins.
Implement cost-control measures and enforce financial policies across project sites.
Compliance & Taxation:
Ensure accurate and timely filing of VAT, PAYE, WHT, CIT, and Pension obligations.
Maintain compliance with FIRS, LIRS, and other relevant regulatory authorities.
Ensure construction contracts comply with applicable tax and financial regulations.
Organize and maintain financial records to support internal and external audits.
Payroll & Treasury:
Coordinate monthly payroll processing for office and site-based staff, including casual and contract labor.
Manage petty cash, site impress accounts, and fund disbursements across project locations.
Monitor cash flow and prepare projections to support project financing and working capital management.
Maintain banking relationships and oversee fund transfers and payments.
Asset & Equipment Accounting:
Maintain the fixed asset register, including construction equipment, vehicles, and machinery.
Record asset acquisitions, disposals, and depreciation accurately.
Track equipment usage costs and allocate to relevant projects.
Support periodic asset verification and reconciliation exercises.
Reporting & Communication:
Prepare timely and accurate financial reports for management, including project-level and company-level summaries.
Communicate financial performance and risks clearly to project managers and senior leadership.
Provide mentorship and guidance to junior finance staff and interns.
Escalate significant financial issues or discrepancies to management promptly.
Qualifications and Requirements
Education and Certifications:
Bachelor’s Degree or HND in Accounting, Finance, or a related field.
Professional certification (ACA, ACCA, ICAN, or equivalent) is required or in advanced stages of completion.
Experience:
Must have 3 – 5 years of relevant accounting experience, preferably within the construction, engineering, or real estate sector.
Demonstrated experience with job costing, contract billing, and project-based financial management.
Familiarity with subcontractor payment processes and construction contract administration is a strong advantage.
Skills:
Accounting & Financial Skills:
Strong knowledge of accounting principles (GAAP/IFRS) and construction financial processes.
Proficiency in job costing, progress billing, and contract revenue recognition.
Experience with tax computations, statutory filings, and regulatory compliance in Nigeria.
Analytical & Organizational Skills:
High attention to detail with strong numerical and analytical ability.
Ability to manage finances across multiple simultaneous projects and meet strict deadlines.
Strong organizational skills with a systematic approach to documentation and record-keeping.
Technical Skills:
Advanced proficiency in Microsoft Excel and other Microsoft Office tools.
Working knowledge of accounting or construction management software (e.g., QuickBooks, Sage, Procore, SAP, or similar).
Ability to generate and interpret financial reports from accounting systems.
Communication & Leadership:
Strong written and verbal communication skills.
Ability to collaborate effectively with project managers, site supervisors, and non-finance stakeholders.
Demonstrated ability to supervise and develop junior finance team members.
Professionalism & Integrity:
High level of integrity and discretion in handling confidential financial information.
Professional attitude with a strong commitment to accuracy and accountability.
Adaptable and effective in a fast-paced, project-driven work environment.