Project Accountant

Job Description

Job Description

New Grads in accounting welcome!

We are looking for a Project Accountant to support the financial administration of active projects in Bloomington area. This position plays an important role in maintaining accurate project records, supporting billing activities, and helping teams stay informed on budget performance throughout the project lifecycle. The ideal candidate brings strong project accounting experience, attention to detail, and the ability to work closely with project managers, finance partners, and clients to keep financial processes on track. Salary up to $85K (DOQ). Hybrid model is a generous two days in office. Join a growing organization with fabulous benefits. If you are interested, please reach out to Steve Cashman on LinkedIn or call Steve at View phone number on ziprecruiter.com.

Responsibilities:

• Establish new project records in the organization's system based on contract terms and business requirements, ensuring supporting documentation is properly maintained and accessible.

• Review financial activity from time entry, expense submissions, payables, and journal postings to verify accuracy and resolve discrepancies promptly.

• Assign appropriate accounting codes to project-related vendor costs within the accounts payable process to support accurate cost tracking.

• Track project budgets on an ongoing basis, notify project leaders of key spending thresholds, and coordinate change order documentation with internal teams and clients when updates are required.

• Launch billing activities in accordance with work-in-process guidelines, raising issues to the appropriate stakeholders when exceptions or delays arise.

• Process financial updates and transaction corrections requested by project managers to keep project reporting current and reliable.

• Prepare client invoices along with any required backup materials, and ensure billing packages are delivered accurately and on schedule.

• Follow outstanding receivables, partner with project leadership and collections teams to encourage prompt payment, and escalate overdue balances when necessary.

• Support the resolution of unapplied cash items and collaborate with finance to complete project closeout activities and other project-related accounting tasks.

• Experience in project accounting, preferably in construction or project-based service environments.
• Working knowledge of budgeting, invoicing, accounts receivable, accounts payable, and project cost tracking.
• Ability to review financial transactions carefully and identify errors, omissions, or posting issues.
• Proficiency with business systems and collaboration tools, including D365 and SharePoint.
• Strong communication skills with the ability to coordinate effectively with project managers, finance teams, operational leaders, and clients.
• Ability to manage multiple priorities, meet deadlines, and maintain organized financial documentation.
• High attention to detail and a commitment to accuracy in billing, reporting, and contract-related records.