Project Accountant

Powell•Houston, TX

7d•Hybrid

About The Position

Project Accountant is responsible for providing support to the Project Team and Division Management by maintaining accurate financial records for projects based on Generally Accepted Accounting Principles, best practices and company policies, as well as assisting with forecasting, cost to complete, revenue and cash flow projections, and reviewing, identifying and communicating project/financial risk to the Project Manager.

Requirements

Bachelor’s degree in Business Administration or Accounting is required.
2-5 years relevant experience in a project environment is required.
Knowledge and understanding of Generally Accepted Accounting Principles
Requires strong communication skills to effectively interface and coordinate activities with company executives, employees and customers.
Able to manage multiple priorities and projects.
Strong organizational and time management skills.
Excellent written and oral communication skills.
Demonstrated working knowledge of MS Office Suite

Nice To Haves

Knowledge of project planning, fiscal planning, and contract management preferred.
Experience with Adobe Pro, Primavera, Microsoft Projects, and Oracle Preferred.

Responsibilities

Effectively communicate with Project Managers (PM), Project Team members and Senior Management
Review contract documents, change orders and other contract modifications and communicate risks, opportunities and contingencies.
Completes order entry validation and secondary commercial review to insure accurate order entry and to capture financial risk elements.
Prepares revenue and cash flow projections based on project timing and milestone billings. Evaluates progress against projections.
Monitors project performance against budgeted cost and hours; alerting projection managers when variances are spotted.
Prepares and distributes customer invoices; follows up with the customer to ensure the invoices are complete and have been received by the correct customer approver.
Collection follow-up to ensure timely cash flow. Works with Cash Application to ensure proper resolution of payment discrepancies.
Assist with forecast cost updates, including evaluation of shortages and progress updates from operations. Maintains accuracy in estimated cost to complete. PM remains responsible for approving changes to project financials.
Prepare special project analysis for Senior Management and PM’s.
Preparation of periodic Project Management metrics.
Capturing and communicating potential discrepancies between operational activities and pricing tool assumptions – feedback to estimating
Project close out.