Prevailing Wage Project Accountant

Aston Carter•Berwyn, IL

3d•Remote

About The Position

The Prevailing Wage Project Accountant reviews and validates prevailing wage calculations to ensure full compliance with applicable regulations and contract requirements. This role analyzes labor classifications, wage determinations, and fringe benefit allocations to accurately calculate the fully burdened cost of labor, including accelerated or adjusted wage rates. The position partners closely with payroll, HR, and project teams to ensure wage rates are properly applied to employees, accurately reflected in project costing, and correctly captured in billing, directly influencing overall project financial performance.

Requirements

5+ years of experience calculating prevailing wage.
5+ years of experience calculating burden rates and labor costing.
5+ years of billing experience.
Experience working for an engineering or architecture company with revenue over $100 million.
Strong knowledge of prevailing wage regulations and labor classifications.
Ability to calculate fully burdened labor costs, including fringe benefits and adjusted wage rates.
Ability to create and use pivot tables in Excel.
Ability to perform VLOOKUPs and other advanced functions in Excel.
Proficiency with a large-scale ERP system such as Deltek, SAGE, SAP, Oracle, or a similar platform.
Strong attention to detail and accuracy in financial calculations and documentation.
Ability to collaborate effectively with payroll, HR, and project teams.

Nice To Haves

Experience with Deltek Vantagepoint.
Background in project-based environments, particularly in engineering or architecture firms.
Strong analytical and problem-solving skills related to labor costing and billing.
Ability to interpret and apply complex contract and regulatory requirements to wage and cost calculations.
Excellent organizational skills and the ability to manage multiple projects and deadlines.
Strong written and verbal communication skills to explain wage, cost, and billing details to stakeholders.

Responsibilities

Review and validate prevailing wage calculations to ensure compliance with applicable regulations and contract requirements.
Analyze labor classifications, wage determinations, and fringe benefit allocations to determine accurate wage and benefit structures.
Calculate fully burdened labor costs, including burden rates and any accelerated or adjusted wage rates.
Collaborate with payroll, HR, and project teams to ensure prevailing wage rates are correctly applied to employees.
Ensure wage rates, burden calculations, and labor costs are accurately reflected in project costing and financial reports.
Support billing activities by ensuring prevailing wage and labor costing details are properly incorporated into invoices.
Use advanced Excel functions, including pivot tables and VLOOKUPs, to analyze and reconcile wage, labor, and billing data.
Work within a large-scale ERP system to input, track, and validate labor, cost, and billing information.
Identify and resolve discrepancies in wage calculations, labor costing, and billing to maintain accurate project financials.
Partner with project stakeholders to provide insights on the financial impact of prevailing wage requirements and burden rates.