Project Controller

ANDRITZ AG•Uwchlan Township, PA

25d

About The Position

Every day, ANDRITZ continues to deliver successful innovative solutions to our customers globally. Why are we so successful? Because we are passionate and love what we do! We are at the forefront of future engineering technologies, with solutions that ensure the success of our clients in key industries that are shaping the future of the world we live in. POSITION SUMMARY The Project Controller is responsible for implementing and carrying out the project accounting function on various projects which include project set up, cost tracking, cost reporting and analysis, forecasting, preparing customer invoices, and other general duties as assigned. This role works closely with project management, scheduling, supply chain, and accounting to ensure that all aspects of the project are being monitored, reported, and forecasted appropriately.

Requirements

Bachelor's degree in accounting, Finance, or equivalent
5+ years of Project Accounting Experience
Proficient in percentage of completion accounting
Proficient in forecasting and change management
Detail oriented with a high level of accuracy
Strong creative, analytical, and problem-solving skills
Thrive in a fast-paced environment
Handle several projects at once
Work closely with various departments and project teams
Self-starter
Proficient in Microsoft Excel, Word, and Access

Responsibilities

Develop and maintain good working relationships with both internal and external customers
Project set up and establishing WBS structure
Review and analyze costs on a weekly basis to ensure costs on the project are appropriate
Initiate customer billing and work with project management to monitor status and drive cash collections
Review AP hold list and update vendor accruals as required
Ensure that POC revenue recognition is appropriately reflected in project financials and in line with US GAAP
Generate the project revenue forecast and project cash flow on a monthly basis
Work closely with project team to develop the quarterly bottoms up forecast and input in to the forecasting system.
Report project performance by tracking actuals against planned values for revenue, gross profit, billing and cash receipts
Effectively communicate variances to plan with management
Track any changes to revenue or cost estimates in accordance with company policy through the contract change notice procedures
Generate the Project Status Report (PSR) monthly and special ad hoc reports/analysis as needed
Respond to internal and external audit requests timely
Monitor schedule progress against baseline and work with project management to drive the team towards meeting the schedule milestones
Maintain a timely change management program along with change order log
Maintain project risk and opportunity register and contingency draw down plan
Review actual performance against budgeted performance and verify accuracy and correctness of the data used in preparing reports.
Prepare complex financial reports and analyze unusual items on financial or control reports. Also prepare financial analysis reports for monthly, quarterly, and annual review meetings.
Evaluate existing data to determine trends; make recommendations to reflect those trends.
Work with Corporate Credit to verify credit standing and payment terms on new bookings as well as monitor ongoing credit standing of current customer base.
Prepare and issue customer invoices and follow-up on project accounts receivable.
Analyze and research current project management and related accounting systems and if appropriate recommend changes and improvements. Recommend policy changes where there are weaknesses in financial control.
Forecast short-term events.
Lead preparation of quarterly project financial reporting extended forecasts.
Prepare and analyze complex reports detailing variances from forecast. Research and evaluate root cause of variances and communicate to management.
Maintain project ledger and prepare project financial statements and all other Project Accountant duties.
Close monthly financial records and reconcile subledgers and general ledger accounts in a time-sensitive environment.
Cross-train with other department personnel to provide sufficient coverage of departmental responsibilities.
Develop periodic (bi-weekly and monthly) reports to meet Client/Contract requirements
Conduct Project Close-out activities and participate in Project Lessons Learned.
Attend site visits as required
Other duties as assigned