Project Accounting Specialist III

About Us

Quanta Power Solutions brings together the industry-leading capabilities and resources of Quanta's operating companies to deliver complete EPC solutions. Our integrated approach spans power generation, battery energy storage, renewables, transmission, substation, and underground infrastructure — from concept to commissioning, we execute complex power infrastructure projects with the speed, certainty, and operational excellence our customers depend on.

At Quanta Power Solutions, we are driven by a culture of safety, integrity, and disciplined execution — and we're building a team that shares that commitment.

Quanta Power Solutions is seeking an experienced Project Accounting Specialist III to provide advanced project accounting support for large, complex Engineering, Procurement, and Construction (EPC) projects throughout the project lifecycle. This senior-level individual contributor is responsible for overseeing project financial administration, revenue recognition support, contract billing, job cost accounting, financial forecasting, and project closeout while serving as a trusted financial partner to Project Managers, Project Controls, Operations, Procurement, and Executive Leadership.

Project Accounting

• Manage all project accounting functions for multiple complex EPC projects from project award through closeout.
• Establish and maintain project structures, billing terms, cost codes, and financial controls within the ERP system.
• Review project costs for accuracy, completeness, and compliance with company accounting policies.
• Monitor project budgets, commitments, subcontract costs, purchase orders, labor, equipment, and material expenditures.
• Prepare and process journal entries, accruals, cost transfers, and project reconciliations.
• Support month-end, quarter-end, and year-end financial close activities.
• Assist with internal and external financial audits.

Billing & Revenue Management

• Prepare and process customer billings in accordance with contract terms, including:
• Lump Sum
• Cost Plus
• Time & Material
• Unit Price
• Milestone Billing
• Progress Billing
• Review contract requirements to ensure accurate billing and revenue recognition.
• Monitor accounts receivable, collections, retainage, and unbilled receivables.
• Resolve billing discrepancies with clients, project teams, and finance personnel.
• Support revenue recognition in accordance with GAAP and company accounting policies.

Financial Analysis & Reporting

• Prepare monthly project financial statements and profitability reports.
• Analyze project financial performance, identifying cost trends, variances, risks, and opportunities.
• Support project forecasting by preparing Estimate at Completion (EAC) financial analyses and cash flow projections.
• Partner with Project Controls to reconcile project cost reports and forecasts.
• Develop financial dashboards and executive-level reporting for project leadership.
• Monitor project margins and assist with profitability improvement initiatives.

Project Support

• Partner with Project Managers to review project financial performance and recommend corrective actions.
• Review subcontractor invoices, vendor payments, and purchase commitments.
• Support change order administration by evaluating financial impacts and maintaining accurate documentation.
• Maintain complete project financial records and ensure compliance with contractual requirements.
• Coordinate project closeout activities, including final billings, reconciliations, retention releases, and financial reporting.
• Support continuous improvement initiatives that enhance project accounting efficiency and reporting accuracy.

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• 5–8 years of progressively responsible project accounting experience supporting EPC, industrial construction, utility, engineering, or infrastructure projects.
• Strong knowledge of:
• Job cost accounting
• Construction accounting
• Revenue recognition
• Financial reporting
• Contract billing
• Accounts payable and accounts receivable
• General ledger accounting
• Experience supporting multiple large capital projects simultaneously.
• Excellent analytical, organizational, and…