Project Accountant I
About The Position
The Project Accountant oversees accounting functions and job administration for assigned projects. Working closely with Project Managers, this role monitors project progress, investigates variances, and ensures customer billings are issued and payments are collected. The position reports to the Project Accounting Manager and Controller. The role supports project setup and maintenance, cost and schedule monitoring, contract and payment clause review, accounts receivable and collections, monthly and interim invoicing, project closeout, month-end reconciliations, and tracking and posting in-house direct expenses. It may also involve special projects and other assigned duties. Relocation is available.
Requirements
- Degree in Accounting or Finance, or equivalent experience.
- Experience working with Microsoft Office products.
- Ability to meet the physical demands of the role, with reasonable accommodation as applicable.
Nice To Haves
- Some experience in Project Accounting or Project Administration in the architecture, engineering, or construction industry is preferred.
- Accounts receivable experience is a plus.
- Deltek Vantagepoint experience is highly preferred.
Responsibilities
- Set up and maintain projects, including reviewing contracts, subcontracts, cost proposals and budgets; creating project numbers and entering budgets; establishing billing guidelines; billing government and private clients; and communicating invoice due dates to subcontractors.
- Monitor project costs and schedules, including actual versus financial percent complete, employee hours charged to projects, and subcontractor invoices and payments against contract terms.
- Suggest proactive cost-control improvements.
- Attend monthly project reviews with Regional Managers and Project Managers.
- Understand contract compensation and payment clauses, overhead rates, revenue enhancers, basic contract language, and flow-down provisions from prime, design-build, and owner contracts.
- Manage accounts receivable, including making regular collection calls to assigned clients.
- Prepare invoices for assigned projects on monthly, interim, and milestone bases.
- Assist Project Managers with closing projects and contracts after work is complete and costs have been billed and collected.
- Assist with month-end reconciliations.
- Assist in reviewing, tracking, and posting in-house direct expense items.
- Perform special projects and other duties as assigned.
Benefits
- Relocation is available.
- The posting refers to a variety of benefits offered by Collins but does not specify them.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
