Cost Accountant

Gap Recruitment Services Limited is a leading recruitment firm in Kenya where International and local companies find just the right fit talent.

Cost Accountant

Main Purpose Of The Job

The Cost Accountant will 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 will enable management and project teams to act on financial issues while projects are still in progress, rather than discovering losses only at completion or handover. The position will also provide both project-level and portfolio-wide financial visibility across all concurrent projects.

Key Responsibilities / Accountabilities

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

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

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

• Monitor cost-to-complete and provide early indications of potential project 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 for each project.

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

• Lead month-end cost reconciliations, journals, COGS, and cost reporting.

• Prepare monthly cost, profitability, and management reports.