Project Cost Accountant

Cascade Drilling LP•Westampton, NJ

43d•Onsite

About The Position

The Project Cost Accountant plays a critical role in managing and tracking costs associated with projects, ensuring financial accuracy, and supporting project managers and leadership with financial reporting and analysis. This position requires a strong understanding of accounting principles, project management processes, and cost tracking methods. The Project Cost Accountant is responsible for overseeing project budgets, analyzing variances, and ensuring that all costs are recorded correctly and in a timely manner. The position reports to the corporate Operations Controller and dotted line to the business VP of Operations.

Requirements

Bachelor's degree in accounting, Finance, Business Administration, or a related field.
2-5 years of experience in cost accounting, project accounting, or a similar financial role, ideally within a construction, engineering, or project-based industry.
Excellent written and oral communication skills.
Excellent critical thinking skills.
Strong organizational and time-management skills.
Effective communication and interpersonal skills for working with cross-functional teams.
Flexibility and ability to change priorities in a fast-paced environment.
Proficient with Excel and Word.

Nice To Haves

Experience with Salesforce preferred but not required.

Responsibilities

Assist the Project Management Team Controller with the following:
Job Cost tracking, reporting, and forecasting.
Work closely with project managers to understand project scope, timelines, and cost control strategies.
Reviewing and entering accruals and job cost reclasses at month end.
Preparing and entering monthly client invoices and follow up on accounts receivable.
Supporting preparation of proposals, bids, change orders, and project budgets, and recommending subsequent budget/forecast changes, where necessary.
Prepare variance analysis.
Setting up bids and project budgets in CRM software (Salesforce) and accounting software (Spectrum).
Obtaining vendor pre-qualification documents and preparing vendor subcontracts.
Preparing and tracking internal shop work orders and monthly capital expenditure reporting.
Preparation, maintenance, revision and distribution of project set-up, planning, and cost reporting documents to ensure project team needs are met (including use of ERP and Power BI reports).
Attend project meetings as needed and follow up on job cost/budget action items.
Ensure project record documents are complete, current, and stored appropriately.
Participate in the development and implementation of improved cost management systems and procedures.
Suggest process improvements to enhance efficiency, accuracy, and overall cost management for future projects.
Perform other duties as assigned.