Cost Accountant

CDL was founded in early 2003 by its current Managing Director Lucy Mmari.Within her 14 year tenure in a well established logistics company, She honed her skill in human resources management and thereafter started CDL.

Cost Accountant

MAIN PURPOSE OF JOB

• Strengthen project financial control by tracking project costs in real time, monitoring actual, committed and forecast costs against approved budgets, and identifying cost overruns, budget variances and margin erosion at an early stage. The role enables management and project teams to act on financial issues while a project is still in progress, rather than discovering losses only at completion or handover, and provides both project-level and portfolio-wide visibility across all concurrent projects.

Key Responsibilities

• Track project costs in real time as they are incurred, rather than waiting until project completion.

• Monitor actual, committed and forecast costs against the approved project budget.

• Identify cost overruns, budget variances and margin erosion at an early stage.

• Monitor cost-to-complete and provide an early indication of potential losses.

• Provide project managers with timely financial information to support corrective decisions.

• Monitor the profitability and performance of each project individually, while providing management with a consolidated view of the entire project portfolio.

• Strengthen accountability by ensuring project teams understand the financial impact of their decisions.

• Reduce the risk of discovering significant project losses only at handover.

• Maintain and update product/project costing and standard costs per project.

• Capture and analyse material, labour, installation, procurement, and overhead costs.