Project Accountant

Project Accountant

New grads in accounting welcome! We are looking for a Project Accountant to support the financial administration of active projects in the Bloomington area. This position plays an important role in maintaining accurate project records, supporting billing activities, and helping teams stay informed on budget performance throughout the project lifecycle. The ideal candidate brings strong project accounting experience, attention to detail, and the ability to work closely with project managers, finance partners, and clients to keep financial processes on track.

Salary up to $85K (DOQ). Hybrid model is a generous two days in office. Join a growing organization with fabulous benefits.

Responsibilities:

• Establish new project records in the organization's system based on contract terms and business requirements, ensuring supporting documentation is properly maintained and accessible.
• Review financial activity from time entry, expense submissions, payables, and journal postings to verify accuracy and resolve discrepancies promptly.
• Assign appropriate accounting codes to project-related vendor costs within the accounts payable process to support accurate cost tracking.
• Track project budgets on an ongoing basis, notify project leaders of key spending thresholds, and coordinate change order documentation with internal teams and clients when updates are required.
• Launch billing activities in accordance with work-in-process guidelines, raising issues to the appropriate stakeholders when exceptions or delays arise.
• Process financial updates and transaction corrections requested by project managers to keep project reporting current and reliable.
• Prepare client invoices along with any required backup materials, and ensure billing packages are delivered accurately and on schedule.
• Follow outstanding receivables, partner with project leadership and collections teams to encourage prompt payment, and escalate overdue balances when necessary.
• Support the resolution of unapplied cash items and collaborate with finance to complete project closeout activities and other project-related accounting tasks.