Project Accountant

Wohlsen Construction • Berwyn, PA

4d

About The Position

The Project Accountant will be a key player in our company’s financial management, specifically focusing on project costing and forecasting. Your responsibilities will include overseeing project financial health, ensuring precise and timely reporting, and maintaining strict adherence to budgetary guidelines, processes, and procedures. Collaborating closely with project managers, operations, leadership, and the finance team, you will monitor budgets, manage expenses, and maintain financial oversight. Your attention to detail and solid understanding of accounting principles will be essential in effectively managing project finances and fostering collaboration with stakeholders.

Requirements

• Bachelor’s Degree, preferably in Accounting.
• Proficiency in Excel.
• Well-organized with strong attention to detail.
• Ability to multi-task effectively.
• Is coachable with a learning and development attitude.
• Understands the importance of documenting work accurately.
• Can collaborate with many project managers and project teams concurrently.
• Valid driver’s license with the ability to travel if needed.
• Authorization to work in the United States indefinitely without restriction or sponsorship.

Nice To Haves

• Previous project accounting experience desired
• Experience with CMiC software is desired.

Responsibilities

• Conduct Detailed Financial Analysis
• Regularly review job cost reports and project cost tracking reports, comparing them with monthly budgets. Make necessary adjustments as directed by Project Managers.
• Prepare comprehensive final project cost tracking reports upon project completion.
• Enter and manage project budgets provided by the estimating department and project team.
• Record and manage approved owner contract change orders.
• Collect, analyze, investigate, and report financial data to support informed decision-making.
• Participate actively in financial discussions and contribute insights.
• Conduct thorough reviews of owner contracts to ensure compliance and understanding.
• Manage the issuance of monthly project AIA pay applications to owners or their representatives, ensuring all contractual obligations are met.
• Oversee the posting of approved invoices to job cost, including the allocation and release of retainage. Ensure timely payments to subcontractors.
• Assume responsibility for the integrity of financial information generated from your areas of responsibility.
• Maintain accurate records and uphold data confidentiality.
• Ensure compliance with established procedures.
• Develop an overall understanding of CMiC, ePort, Textura and all other financial project systems.
• Ensure seamless integration of financial processes across systems.
• Utilize computer software, BI, BOE and Excel to perform accounting functions efficiently and accurately.
• Support the monthly and yearly financial closing processes.
• Assist in the preparation of audit backup and providing necessary documentation and support.
• Collaborate with Project Managers, clients, and other project team members to ensure accurate financial information exchange.
• Cross-train within the Finance department to provide backup and support as needed.
• Engage in continuous learning to stay informed about Wohlsen and accounting profession standards, policies, and guidelines.
• Adjust project budgets based on analysis and collaboration with Project Managers and Leadership team members.
• Ensure accuracy of financial data and aid in decision-making processes.
• Provide guidance on accounting matters, work within company policies, and assist with audits.
• Ensuring the integrity of financial information generated from areas of responsibility.
• Oversee and manage project budgets to ensure financial activities adhere to allocated funds.
• Generate accurate financial reports and forecasts for strategic planning and informed decision-making.
• Manage billing and invoicing, maintaining cash flow and ensuring correct client billing.
• Conduct cost analyses to evaluate project profitability and inform decisions on project direction.
• Maintain compliance with financial regulations, processes, and procedures to protect project integrity.
• Collaborate with project managers and teams to align financial strategies with project objectives.
• Manage all financial transactions, including accounts payable and receivable, to support project financial health.
• Reconcile account discrepancies to ensure the accuracy of financial records.
• Document financial actions thoroughly for accountability and audit-readiness.
• Utilize excellent communication skills to collaborate effectively with team members and provide top-tier client service.

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 101-250 employees