Senior Project Accountant

SUMMARY (role)

The primary purpose of the Project Accountant is to be responsible for accounting for individual major projects including tracking costs and updating project cost estimates. Working with the Project Manager and Finance department, this role will ensure that project costs are accurate, WIP is up-to-date for each job and that invoices are prepared accurately and on timely basis.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Perform job set up, control and maintenance activities.
• Support the administration of payroll project coding.
• Review and correct coding for all job related costs.
• Perform month end activities including cost accruals, revenue recognition, variance investigation, open PO analysis and reconciliation of applicable balance sheet accounts.
• Generate and analyze financial reports including open and received Purchase Order reports and job cost summaries
• Enter budgets, master file set up, coding structures
• Maintain accounting records for individual projects and equipment
• Prepare, analyze, and report project financial information relating to revenue and costs
• Participate in operations meetings to provide guidance and feedback to ensure compliance with policies and procedures
• Review terms of contracts for revenue recognition and billing requirements
• Manage documentation and approvals for project change orders and reconcile revenue against contract amounts and change orders
• Review invoices with stakeholders and resolve issues
• Assist project managers in updating project budgets and cost to complete.
• Assist project managers in the development of project forecasts
• Reconciliation and analysis of completed jobs, ensuring accuracy of costs and revenues
• Participate in the development and maintenance of monitoring and reporting procedures
• Coordinate efforts with accounts payable, accounts receivable and payroll to ensure efficient processing in these areas
• Other related duties as assigned.