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About the job

The Project Accountant 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.

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/cost forecast and project cash flow on a monthly basis

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

Quarterly forecasting

Maintain a timely change management program along with change order log

Maintain project risk and opportunity register and contingency draw down plan

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

Qualifications

Bachelor’s degree in Accounting, Finance, or equivalent

10+ 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