Project Accountant

Key Responsibilities

• Monitor and analyze project financial data, including revenue, expenses, and profitability.
• Identify trends, cost overruns, and financial risks to provide early insights to project managers.
• Generate financial reports and dashboards to provide the project team with a clear understanding of project financial performance, identify items that need escalated for review by senior management as necessary.
• Prepare regular financial summaries and variance analysis reports.
• Partner with the project manager and project team to establish the project budget, updating budgets, and making project accounting recommendations as needed when contract modifications or budget changes arise.
• Prepare and submit accurate and timely invoices to clients based on project milestones, terms, and contracts.
• Authorize access to project accounts, and the transfer of expenses into and out of project-related accounts in compliance with established accounting practices and guidelines.
• Verify contract and change order characteristics for projects that are of a moderate level of complexity, including reading and interpreting contract language, method of compensation, modifications, purchase orders, and subcontract/consultant terms.
• Maintain effective communication with clients regarding billing, payments, and financial inquiries.
• Maintain quality control standards and procedures for generating accurate and precise project-related financial records.
• Ensure compliance with accounting standards, company policies, and client agreements.
• Maintain accurate and organized financial records, contracts, and supporting documentation.
• Monitor key indicators for managing and analyzing problem projects, keeping project managers and/or senior management informed on any noted concerns.
• Subcontract management and coordination include evaluating subconsultant invoice submittals for accuracy, establishing and maintaining purchase orders of subconsultants, and examining subcontractor payment requests with accounts payable.
• Attend project related meetings to inform the team regarding the current status of project financials, articulating problem projects, and following up on any identified actions as discussed.
• Stay updated on best practices in project accounting and suggest improvements to streamline processes and enhance financial management.

Qualifications

• Must have a Bachelor's degree in accounting, Business, Finance, or a related field (or demonstrated proven equivalent experience).
• At least 5 years previous experience in project accounting or related financial roles.
• Experience in Deltek Vantagepoint preferred.
• Proficiency with technical writing, office automation and accounting software, technology, math principles, spreadsheets, MS Excel, pivot tables, formulas, data format/sort/filter, VLOOKUP, predictive models, and tools.
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organization.
• Effective communication and interpersonal skills.
• Ability to work collaboratively and meet deadlines in a dynamic project environment.