Project Accountant

Project Accountant

Location: Schaumburg, IL

Schedule: Hybrid — in office 2–3 days per week

Salary: $90,000–$105,00

Medical, Dental, Vision

A growing company is seeking a Project Accountant to oversee the financial performance of multiple projects and work closely with operational leaders. This position offers responsibility for project reporting, cost analysis, billing, forecasting, and month-end accounting.

Candidates must have hands-on percentage-of-completion accounting experience.

Responsibilities:

• Oversee project financial activity from contract setup through final reconciliation and closeout.
• Prepare percentage-of-completion calculations and work-in-progress schedules to support accurate revenue recognition.
• Review labor, materials, subcontractor charges, and other project expenses for accuracy and proper allocation.
• Meet with project leaders to assess spending, remaining costs, forecast changes, and expected profitability.
• Analyze budget variances and communicate financial concerns and opportunities to management.
• Coordinate customer invoicing, including progress payments, contractual milestones, retainage, and approved scope changes.
• Monitor unbilled and deferred revenue and resolve discrepancies between project records and the general ledger.
• Prepare journal entries, accruals, account reconciliations, and supporting schedules for monthly and annual close.
• Maintain financial documentation for audits and internal reporting.
• Improve reporting tools and accounting procedures to strengthen accuracy, efficiency, and visibility into project results.

Qualifications:

• Bachelor's degree in Accounting, Finance, or a related discipline.
• At least 5 years of relevant project accounting experience.
• Required experience applying percentage-of-completion accounting.
• Strong knowledge of job costing, WIP reporting, project billing, and revenue recognition, including ASC 606.
• Experience evaluating estimated costs to complete and their effect on project margins.
• Background in construction, manufacturing, contracting, or another project-driven business preferred.
• Strong Excel skills, including pivot tables, lookup functions, and analysis of large data sets.
• Experience using ERP or project accounting systems.
• Ability to manage multiple deadlines, investigate discrepancies, and explain financial results clearly to operational teams.