Senior Professional, Project Accounting

Overview

This Opportunity Experienced senior-level project accountant professional providing accounting and financial specialist support to one or more Project Managers and/or project team(s). Develops project work breakdown structure, project budgets, margin analysis, and creates associated funding in Oracle for larger and/or more complex projects. Ancillary important tasks include evaluating project charges, completing cost transfers, ensuring that all project data in Oracle is up-to-date, generating robust project accounting reporting for infrastructure / transportation / professional services projects, and working with project leadership on recommendations for addressing problem project corrective strategies.

Also works collaboratively with the Billing function and project managers on pre-billing information review, cost estimates, and invoicing. Ensures that responsibilities are delivered and adhered to with a level of quality that meets or exceeds acceptable industry standards, supporting the delivery of future-ready solutions to clients.

Your Impact

• For assigned project(s), manage and analyze the collection, recording, and allocating of project costs and revenue, ensuring accurate project profit and loss calculations, and communicating project financial performance and profitability to project/program management.
• Responsible for lifecycle project accounting from creating project accounts in Oracle, to tracking projects and project budget, validating invoicing, project close-out, and reconciling overall project payables and receivables to project budgets.
• Perform detailed and involved accounting tasks related to managing project contract, billing events and billing transaction exceptions revenue for larger and/or multi-faceted complex projects.
• 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.
• Generate project financial reports and visualization, evaluating the reports for accurate presentation of data and findings, including developing analysis on labor breakage, cost trending or other various project related financial reports to be escalated for review by the Project or Finance Management.
• Monitor and analyze revenue and unbilled balances to ensure proper revenue recognition.
• 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.
• Maintain quality control standards and procedures for generating accurate and precise project-related financial records using Oracle, spreadsheets, and software.
• For assigned projects, apply learned accounting expertise relating to project resources, labor and expenses, investigating project variances and submitting variance reports to management.
• Verify contract and change order characteristics for projects that are large and /or of a higher level of complexity, including reading and interpreting contract language, method of compensation, modifications, purchase orders, and subcontract/consultant terms.
• Monitor key indicators for managing and analyzing problem projects, keeping project managers and/or project accounting manager informed on any noted concerns.
• Responsible for ensuring draft invoices from billing are accurate based on the contract requirements agreed upon with the client, identify any corrections needed, obtain Project Manager documentation and signature, finalize the invoice approval with the Project Manager/billing team and submits the invoice to the client.
• Subcontract management and coordination with Contract Administrators. This includes evaluating subcontractor invoice submittals for accuracy, establishes and maintains purchase orders for subconsultants, and requests and follows up on subcontractor payment requests with Accounts Payable.
• Identify and record unpaid contract billings, following up on any delinquent accounts receivable and/or unbilled costs.
• Respond to requests for more detail from clients, investigate all project expenses not billed to clients, and create or approve all project-related billings to clients.
• Attend or coordinate 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.
• Create and submit government reports related to projects.
• Compile information for internal and external auditors and formal audit responses as required.
• Work with cross-functional finance teams (e.g. Billing, Accounts Payable, Accounts Receivable, Project Set-Up) in executing project work.
• Comply with regulatory requirements pertaining to the data integrity, documentation, procedures, training, monitoring systems, and record compliance and retention.
• Interact with regulatory agencies, subcontractors, and clients in a confident and professional manner.
• Mentor and/or train other…