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Project Accountant

Job in Springfield, Sangamon County, Illinois, 62777, USA
Listing for: Jobtailor
Full Time position
Listed on 2026-07-20
Job specializations:
  • Finance & Banking
    Financial Analyst, Financial Reporting, Financial Compliance
  • Accounting
    Financial Analyst, Financial Reporting, Cost Accountant, Financial Compliance
Salary/Wage Range or Industry Benchmark: 85000 - 125000 USD Yearly USD 85000.00 125000.00 YEAR
Job Description & How to Apply Below

Responsibilities

  • Own and maintain monthly Estimated/Anticipated Cost at Completion at the project level.
  • Partner with Project Managers to:
    • Review committed costs, actuals, and pending exposures.
    • Identify forecast variances and risk areas.
    • Update cost projections based on scope changes and field intelligence.
  • Ensure forecast integrity through documented assumptions and variance explanations.
  • Escalate material risks or budget overruns with recommended mitigation strategies.
  • Support project budget setup and changes within financial systems.
  • Validate that budgets are properly structured (cost codes, categories, contingencies).
  • Monitor budget vs. actual vs. committed spend.
  • Identify discrepancies and coordinate corrective action with PMs and Finance.
  • Maintain clean budget hygiene and audit‑ready documentation.
  • Serve as a financial partner to the PM team to maintain cost discipline.
  • Provide structured reporting on budgets vs actuals, committed costs, forecast variances.
  • Flag early warning indicators of budget overrun.
  • Support PMs in corrective planning (reallocations, contingency usage, cost mitigation strategies).
Requirements
  • Bachelor’s degree in Accounting, Finance, Construction Management, or related field.
  • 3–7+ years of experience in project accounting, cost management, construction finance, or project controls.
  • Strong understanding of:
    • Budget development and tracking
    • Cost forecasting (EAC/CAC methodologies)
    • Commitment accounting
    • PO lifecycle management
  • Advanced Excel proficiency; ERP/project accounting system experience preferred.
  • Ability to work cross-functionally with project teams and finance.
  • Strong analytical, documentation, and process discipline skills.
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