Project Accountant

About the role

The Project Accountant is responsible for financial tracking, reporting, and analysis related to construction projects. This role plays a critical part in ensuring accurate project accounting, cost control, and financial compliance.

Responsibilities

• Maintain detailed project financial records, including budgets, expenditures, and revenue recognition.
• Monitor project costs, analyze variances, and ensure adherence to budgetary constraints.
• Prepare and submit accurate client invoices and progress billings in accordance with project contracts.
• Collaborate with project managers to verify billing accuracy.
• Analyze project costs and expenses, identifying cost-saving opportunities and potential overruns.
• Aid in preparing cost estimates for new projects and change orders.
• Generate and distribute financial reports, including project P&L statements and cash flow analysis.
• Prepare financial summaries and forecasts for project stakeholders.
• Ensure compliance with project contracts, including payment terms, milestone requirements, and reporting obligations.
• Collaborate with legal and project teams to address contract-related issues.
• Monitor project revenue recognition, ensuring alignment with accounting standards and project milestones.
• Aid in revenue recognition calculations.
• Provide documentation and support during internal and external audits of project financials.
• Address audit findings and implement corrective actions.
• Facilitate the financial closeout of completed projects, including final billing and reconciliation.
• Prepare financial summaries and lessons learned reports.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field; Certified Public Accountant (CPA) or Certified Management Accountant (CMA) is a plus.
• 2-3 years of experience in project accounting, preferably in the construction or engineering industry.
• Proficiency in accounting software and Microsoft Office Suite, including Excel.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional project teams.
• Knowledge of project management software and enterprise resource planning (ERP) systems is beneficial.

Qualifications

• A “disabled veteran” is one of the following:
• a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs;
• a person who was discharged or released from active duty because of a service-connected disability.
• A “recently separated veteran” means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval or air service.
• An “active duty wartime or campaign badge veteran” means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.
• An “Armed forces service medal veteran” means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.

Skills

• Proficiency in accounting software and Microsoft Office Suite, including Excel.
• Strong analytical skills and attention to detail.
• Excellent communication and interpersonal skills.
• Ability to work collaboratively with cross-functional project teams.
• Knowledge of project management software and enterprise resource planning (ERP) systems is beneficial.

Benefits

• Compliance with federal contractor requirements for equal employment opportunity and affirmative action.
• Equal employment opportunity and affirmative action goals.

Pay

$100,000 to $120,000

Schedule

Full-time