Project Accountant

Grassi•Bohemia, NY

4d•Onsite

About The Position

VJ Technologies Inc. is seeking a hands-on accounting professional responsible for the oversight of all project-related financial transactions according to project cost accounting methodologies. As part of the Project Management Group (PMG), this role will review, approve and manage all project related expenses from proposal through payment to ensure they are carried out in accordance with budget, project terms and conditions, and all other relevant internal and external finance and project requirements. The role ensures customer invoices are generated and submitted on time and tracks them until payment is received. It also monitors project task completion, purchasing, and material control activities to ensure accurate completion according to schedule and budget. Responsibilities include monthly balance sheet account reconciliation and open order reporting. The Project Accountant ensures that the services of all project subcontractors, fabricators, and vendors are retained in accordance with project budgets. A complete understanding of each project’s contract, budget, and schedule details is required to ensure all project-based expenditures are processed in accordance with established procedures and project budgets. The role involves preparing applicable weekly/monthly/quarterly/annual reports for management on key project-based criteria such as P&L, cash flow, and performance against budgets, as well as accounts payable and accounts receivable aging. The Project Accountant will work with the sales team pre-sale to fully understand project scope and approve pricing and budget. They will monitor and reconcile applicable GL and balance sheet accounts and activities to ensure proper transactional flow and accurate recording at the project, GL, and P&L level. Collaboration with the PMG is expected to determine cost to complete forecasts for ongoing jobs. Optimization of the ERP (MS AX) system is also a key responsibility, along with other related special projects as required.

Requirements

Degree in Finance, Accounting, or other related discipline.
Minimum five (5) years of experience in an accounting role for a manufacturing company.
At least three (3) years of project accounting experience.
Proficiency in the use of an ERP system.
Sound knowledge and understanding of cost accounting principles and methodologies.
Capable of thriving in a fast-paced, demanding environment.
Ability to effectively communicate with customers, vendors, and employees at all position levels.
Ability to quickly assess project status and take appropriate action to control expenditures, adhere to budgets, maintain positive cash flow, and achieve desired gross margins.
Skilled in MS Office Suite.
Well-defined organizational and time management skills.
Ability to apply problem-solving skills with minimal guidance.
Excellent oral and written communication skills.
Detail-oriented individual with well-established analyzing skills.

Nice To Haves

MBA, or equivalent advanced Degree.
Experience working with MS AX or MS Dynamics 365 ERP system.
Prior experience working for a government subcontractor.
Familiarity with FAR and DFAR accounting regulations.
Familiarity with the Government WAWF system.
Experience with MS Project.

Responsibilities

Review, approve, and manage all project-related expenses from proposal through payment.
Ensure project expenses are in accordance with budget, project terms and conditions, and internal/external finance and project requirements.
Generate and submit customer invoices on time and track them until payment is received.
Monitor project task completion, purchasing, and material control activities.
Perform monthly balance sheet account reconciliation and open order reporting.
Ensure services of subcontractors, fabricators, and vendors are retained in accordance with project budgets.
Prepare weekly/monthly/quarterly/annual reports for management on P&L, cash flow, performance against budgets, and A/P and A/R aging.
Work with the sales team pre-sale to understand project scope and approve pricing and budget.
Monitor and reconcile GL and balance sheet accounts for accurate transactional flow and recording.
Determine cost to complete forecasts for ongoing jobs with the PMG.
Optimize the use of the ERP (MS AX) system.
Complete other related special projects as required.