Project Accountant

Job Description

Project Accountant is responsible for providing support to the Project Team and Division Management by maintaining accurate financial records for projects based on Generally Accepted Accounting Principles, best practices and company policies, as well as assisting with forecasting, cost to complete, revenue and cash flow projections, and reviewing, identifying and communicating project/financial risk to the Project Manager.

• Effectively communicate with Project Managers (PM), Project Team members and Senior Management
• Review contract documents, change orders and other contract modifications and communicate risks, opportunities and contingencies.
• Completes order entry validation and secondary commercial review to insure accurate order entry and to capture financial risk elements.
• Prepares revenue and cash flow projections based on project timing and milestone billings. Evaluates progress against projections.
• Monitors project performance against budgeted cost and hours; alerting projection managers when variances are spotted.
• Prepares and distributes customer invoices; follows up with the customer to ensure the invoices are complete and have been received by the correct customer approver.
• Collection follow-up to ensure timely cash flow. Works with Cash Application to ensure proper resolution of payment discrepancies.
• Assist with forecast cost updates, including evaluation of shortages and progress updates from operations. Maintains accuracy in estimated cost to complete. PM remains responsible for approving changes to project financials.
• Prepare special project analysis for Senior Management and PM’s.
• Preparation of periodic Project Management metrics.
• Capturing and communicating potential discrepancies between operational activities and pricing tool assumptions – feedback to estimating
• Project close out.

Project Accountant is responsible for providing support to the Project Team and Division Management by maintaining accurate financial records for projects based on Generally Accepted Accounting Principles, best practices and company policies, as well as assisting with forecasting, cost to complete, revenue and cash flow projections, and reviewing, identifying and communicating project/financial risk to the Project Manager.

• Effectively communicate with Project Managers (PM), Project Team members and Senior Management
• Review contract documents, change orders and other contract modifications and communicate risks, opportunities and contingencies.
• Completes order entry validation and secondary commercial review to insure accurate order entry and to capture financial risk elements.
• Prepares revenue and cash flow projections based on project timing and milestone billings. Evaluates progress against projections.
• Monitors project performance against budgeted cost and hours; alerting projection managers when variances are spotted.
• Prepares and distributes customer invoices; follows up with the customer to ensure the invoices are complete and have been received by the correct customer approver.
• Collection follow-up to ensure timely cash flow. Works with Cash Application to ensure proper resolution of payment discrepancies.
• Assist with forecast cost updates, including evaluation of shortages and progress updates from operations. Maintains accuracy in estimated cost to complete. PM remains responsible for approving changes to project financials.
• Prepare special project analysis for Senior Management and PM’s.
• Preparation of periodic Project Management metrics.
• Capturing and communicating potential discrepancies between operational activities and pricing tool assumptions – feedback to estimating
• Project close out.

• Bachelor’s degree in Business Administration or Accounting is…