Project Accountant

Job Description

Job Description

Job Title: Project Accountant

Location (city, state): Hybrid in Kent, WA

Compensation: $80,000 - $110,000 / year

Benefits: This position is eligible for medical, dental, vision, and 401(k).

Qualifications:

• Construction industry and project-based accounting experience
• 5+ years of experience as an Accountant or Senior Accountant
• Strong Excel skills (pivot tables, vlookups)

Job Description:

• Coordinates preparation and review of billing information for completeness and adequacy, coordinating the collection of substantiation for Guaranteed Maximum Price (GMP) contracts.
• Completes monthly reconciliation and forecast for all GMP contracts, communicating opportunities and risks to the project team.
• Keeps up-to-date reconciliation of contract amount, system contract amount, and billed/substantiated amount by project for all GMP Contracts.
• Coordinates preparation and review of response to all project audits.
• Takes initiative to establish accounting contact with client project teams.
• Teams with Project Manager to execute both accurate and timely monthly billings in accounting system.
• Assists in collecting outstanding Accounts Receivable (A/R), including providing additional documentation, as required.
• Executes lien releases in conformance with client and contract guidelines to mitigate potential risks.
• Reviews project timecard process and ensures labor cost code accuracy weekly.
• Provides project cost reporting to the project team weekly, highlighting and communicating budget overruns.
• Assist in reviewing, and/or facilitating subcontractor billing.
• Partners with Project Manager to maintain project cost budgets and change orders, posting budget and contract revisions in the accounting system and opening/closing cost codes as needed.
• Coordinates and actively participates in monthly cost reviews/forecast (Stat) with project team to foster maximum forecasting accuracy.
• Reviews final Stat for outstanding commitments & cost to ensure project is ready for financial closeout in the accounting system.
• Collects project use tax reporting to submit to General Ledger accountant, making necessary journal entries to correctly allocate tax cost to project.
• When needed, teams with project foremen/superintendents to assist with project specific labor-related forecasts.
• Assist with other duties throughout the Project Accounting team as needed.

Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran in accordance with applicable federal, state and local laws. Addison Group complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities. Reasonable accommodation is available for qualified individuals with disabilities, upon request.

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