Project Accountant I

Job Description

Job Description

As the Project Accountant, you will play a key role in managing the full project accounting lifecycle. From initial project setup through closeout, you will oversee the financial management of projects, ensuring accurate budgeting, billing, revenue recognition, forecasting, financial reporting, and compliance with contractual requirements.

You will work closely with Project Managers, Operations, and Finance leadership to monitor project financial performance, identify opportunities to support profitability, and ensure financial accuracy and integrity throughout the project lifecycle. Your attention to detail and ability to collaborate across teams will be critical to the overall success of each project.

What You Bring:

Must Haves:

• Bachelor's degree in Accounting, Finance, Business Administration, or a related field.
• Minimum of 3 years of project accounting experience.
• Demonstrated experience managing projects through the full life cycle, from project setup to project closeout.
• Strong understanding of project accounting principles, budgeting, forecasting, billing, and revenue recognition.
• Experience working with ERP/accounting systems.
• Advanced proficiency in Microsoft Excel.
• Excellent analytical, organizational, and problem-solving skills.
• Strong verbal and written communication skills.
• Ability to manage multiple priorities in a fast-paced environment.

Nice To Haves:

• Experience in engineering, construction, professional services, or project-based environments.
• Knowledge of contract management and project financial controls.
• Experience with percentage-of-completion and other project revenue recognition methods.

What You Will Do:

• Set up new projects in the accounting system and ensure accurate financial data.
• Review contracts and project terms to ensure compliance with company policies and customer agreements.
• Develop and maintain project budgets, forecasts, and cost projections.
• Monitor project performance, costs, revenue, and profitability.
• Prepare and process customer billings in accordance with contract terms.
• Manage revenue recognition and ensure compliance with accounting standards.
• Track accounts receivable, support collections efforts, and resolve billing issues.
• Prepare monthly project financial reports, variance analyses, and forecasts.
• Collaborate with Project Managers to identify financial risks and opportunities.
• Process project modifications, change orders, and contract amendments.
• Perform project closeout activities, including final billing, reconciliations, and documentation.
• Support internal and external audits as needed.

What We Offer:

Benefits for Regular Full-Time & Part-Time Employees Working 30+ Hours/Week

• Healthcare for you and your family: Medical, Dental & Vision insurance
  • Single HDHP Medical plan with 100% paid premium
• Health Savings Account (HSA) with employer match
• Medical and Dependent Care Flexible Spending Accounts
• FREE Life Insurance and AD&D Insurance
• Voluntary Life Insurance for you and your family
• FREE Short-Term and Long-Term Disability Insurance
• PTO + Sick Time + 8 Holidays per year
• Retirement Savings Plan with contribution from CPL to grow your retirement funds
• Internal Mobility & Career Advancement
• Licensure Assistance

Additional benefits available to FT Employees Working 40+ Hours/Week

• Tuition Assistance: You may be eligible for continuing education assistance
• Student Loan Assistance Program: CPL will contribute up to $100/month for 5 years ($6,000 total) toward student loan debt

What Does It Look Like Working Here?

We believe that building a strong community is about establishing a prevailing sense of fellowship among our team members, friends, and neighbors.

• Collaboration – working with others towards the best solution, placing great emphasis on the collective wisdom of our internal teams.
• Family – celebrating others’ successes, genuinely caring about the happiness and well-being of our team members and recognizing their own families as extensions of the CPL family.
• Fun – not taking oneself too seriously, fully understanding that fun at work is conducive to productivity.
• Inspiration – contributing to an uplifting workplace that facilitates growth and success by maintaining a positive, upbeat attitude.
• Integrity – doing what is ethically right and providing reliable follow-through on commitments.
• Ingenuity – seeking new opportunities and consistently identifying unexpected and practical ways to solve problems.

The rate for this position generally ranges between $60,000 to 72,000 annually. This range is a good faith estimate provided pursuant to the New York Pay Transparency Law. It is based on what a successful New York applicant might be paid and assumes that the successful candidate will be in New York or perform the position from New York. Similar positions located outside of New York will not necessarily receive the same compensation. Actual pay rates may vary from the range, as permitted by New York Equal Pay Transparency Law. Compensation offers will be based on various factors, including operational needs, individual education, qualifications and experience, work location and comparison to employees already in the role, as well as other considerations permitted by law. A potential new employee's pay history will not be used in compensation decisions.

CPL is an Equal Opportunity Employer, and as such affirms the right of every person to participate in all aspects of employment without regard to gender, race, color, religion, national origin, ancestry, age, marital status, sexual orientation, pregnancy, disability, citizenship, military or veteran status, gender expression and/or identity, or any other status or characteristic protected by federal, state, or local law.

CPL does not accept unsolicited resumes from recruiting professionals or agencies, nor do we accept resumes from any source that does not reference a specific, open position. CPL will not be responsible for any fees arising from the use of resumes submitted by recruiting professionals or agencies that do not have a current placement fee agreement with CPL. All initial communication with recruiting professionals or agencies must go through our Talent Acquisition Team.