Project Accountant I

DB STERLIN CONSULTANTS INC•Chicago, IL

3d•$76,750 - $87,495•Onsite

About The Position

The Project Accountant will be instrumental in designing and implementing efficient billing processes that ensure timely and accurate invoices for new and existing projects. This position is responsible for ensuring that invoices accurately reflect the contractual terms, thereby enhancing both transparency and precision. The Project Accountant will also investigate and resolve any billing discrepancies or errors, upholding a high level of financial integrity. Furthermore, this role will assist Project Managers in establishing any necessary additional service phases following comprehensive project reviews. An essential part of this position involves effectively communicating with project managers and principals to ensure that additional service authorizations are promptly secured from clients, thus reinforcing strong client relationships and ensuring seamless project progression.

Requirements

Associate’s degree in Accounting, Finance, or related field required.
5-7 years of related experience.
Excellent verbal and written communication skills.
Must have strong proficiency with financial systems applications and MS Office, specifically Excel and Word, and Deltek.

Nice To Haves

Bachelor’s degree preferred
Complete state-required competency.
Attend job-related seminars and workshops.

Responsibilities

Set up and manage processes to ensure compliance with client billing contracts. Analyze contracts for billing deadlines, payment terms, and approved rates for staff and trade labor.
Regularly check client bills and project records to ensure they meet contract terms, GAAP standards, and company policies.
Oversee the accounts payable process for vendor and subcontractor invoices. Ensure lien waivers are submitted, and contracts and insurance are in place before making payments.
Maintain project accounts for effective financial oversight.
Communicate any payment issues related to subcontractors to the project team. Accurately record all client invoices and project expenses and oversee the monthly closing process.
Collaborate with the project team to finalize the financial closeout for projects. Ensure that the final contract amounts and required closeout documentation align with subcontractor agreements prior to processing any final payments.
Manage cash flow and communicate possible risks or profitability to the project team.
Assist with all internal and external audit requests.
Perform other tasks or duties as assigned.