Project Accounting Manager I

Responsibilities

• Lead project accounting activities including cost accumulation, revenue recognition, billing, and margin analysis.
• Ensure project financials are accurate, complete, and reported timely throughout the project life cycle.
• Monitor project budgets, forecasts, and actuals; identify variances and recommend corrective actions.
• Ensure proper treatment of contract types (fixed-price, time & materials, cost-plus, milestone-based).
• Maintain compliance with internal controls, company policies, and external audit requirements.
• Prepare and review project financial reports for management.
• Provide financial insights to project and executive leadership to support decision-making.
• Support monthly, quarterly, and annual close processes related to project accounting.
• Oversee project billing processes, including invoice accuracy, timing, and contract compliance.
• Partner with AR teams to resolve billing disputes and improve cash collection.
• Monitor unbilled revenue, retainage, and project-related receivables.
• Manage and develop project accounting staff; set goals, provide coaching, and conduct performance reviews.
• Serve as a financial partner to project managers and operations teams.
• Participate in contract reviews, change order assessments, and risk evaluations.
• Drive improvements in project accounting systems, processes, and controls.
• Standardize best practices to improve efficiency, accuracy, and scalability.

Success Factors

• Accurate and timely project financial reporting.
• Strong partnership with project and operations teams.
• Improved forecast accuracy and margin performance.
• Effective leadership and development of the project accounting team.

Qualifications

• A highschool diploma/GED equivalent.
• A bachelor’s degree in accounting, Finance, or related field experience.
• 5+ years of accounting/finance experience with significant project or contract accounting exposure.
• Prior supervisory or managerial experience required.