Senior Project Accountant

Akrf•New York, NY

32d•$100,000 - $120,000

About The Position

The Accounting Department at AKRF is seeking a Senior Project Accountant to work in New York City. This individual will bring a strong understanding of the engineering consulting industry, especially within the ACEC framework, and a demonstrated commitment to financial integrity.

Requirements

Bachelor's degree in Accounting, Finance, or a related field.
Minimum of 5 years of experience in project accounting, public accounting in the construction or engineering industries or related roles.
Strong understanding of project accounting principles, revenue recognition, and cost control.
Advanced knowledge of Microsoft Excel for financial analysis and reporting.
Excellent analytical skills, with the ability to interpret financial data and provide valuable insights.
Meticulous attention to detail and accuracy in financial calculations and reporting.
Outstanding organizational and time management skills, with the ability to prioritize and meet deadlines.
Effective communication and interpersonal skills, promoting collaboration across teams.
Familiarity with relevant financial regulations, compliance, and auditing standards is preferred.
Proficiency in using accounting software and financial management systems. Unanet and Deltek, a plus.

Responsibilities

Perform end-to-end project accounting, including project setup, revision, time and expense charge review and adjustment, revenue recognition, billing, WIP analysis and reconciliation, project closeout, sub-consultant invoice processing, and collections support.
Establish project codes, budgets, and cost centers during project setup.
Monitor and analyze project financial performance, tracking actual costs against budgets.
Review project expenses, ensuring adherence to financial policies and accuracy.
Prepare project billing and invoicing, verifying billable items, rates, and contract terms.
Collaborate with project managers to ensure precise revenue recognition and project profitability.
Conduct regular project cost and revenue reconciliations, resolving discrepancies as needed.
Prepare financial reports, including project financial statements, variance analysis, and profitability reports.
Analyze project financial data to identify trends, risks, and opportunities.
Provide financial insights and recommendations to project managers and senior management.
Contribute to developing project budgets and forecasts by collaborating with project teams.
Participate in month-end and year-end closing processes, ensuring accurate and timely financial reporting.
Ensure compliance with project-related contractual obligations, financial regulations, and accounting standards.
Support internal and external audits by providing necessary documentation and assistance.
Maintain accurate and organized project accounting records to facilitate audits.
Foster effective collaboration with project managers, cross-functional teams, and external stakeholders.
Maintain the main contact information, updated COIs, and current company information if needed.