Project Accountant Responsibilities:
- Setup and close projects in ERP
- Includes establishing initial invoicing milestone dates.
- Includes inputting budgeted labor hours and material dollars.
- Includes separating of projects into component jobs for cost tracking purposes
- Work with team leaders to ensure timely and accurate project invoicing.
- Track change orders and associated margins and analyze effect on overall project billing and margin.
- Measure labor utilization and overtime by team monthly to assist with capacity planning.
- Review margin and schedule projections with team leaders on a regular basis and work with controller to determine when an adjustment should be made to project estimates.
- Maintain and validate forecasting models.
- Confirm the update of invoicing milestones.
- Track monthly forecast materials expense.
- Track and report bookings activity and backlog.
- Develop and track key business metrics.
- Update actual amounts in WIP schedule at month end.
- Month end close of all modules (AP, A/R, and job cost)
- Manual tracking and G/L adjustments for prepayment of materials
- Monthly WIP Schedule for Cookeville, Mexico and Dynamic
- Maintain backlog analysis.
- Verify and reconcile contracts and their associated costs.
- Review, investigate, and correct errors and inconsistencies in job cost entries, documents, and reports.
- Maintaining cost accounting system
- Assist in annual forecasting and budgeting processes.
- Maintain fixed asset system including monthly depreciation, asset tagging, capital tracking and coding, additions, and disposals.
- Assist with accounts receivable and accounts payable processes.
- Calculate sales team commissions.
- Assist with annual external and internal audits.
- Prepare ad hoc analysis, as needed.
Project Accountant Qualifications:
A. Education and Experience
- BS/BA in Accounting, Finance, or related field
- 3-5 Years’ experience in related field
- Strong computer skills
- Advanced working knowledge in Excel
- Working knowledge of one or more accounting software packages
- Mathematical skills
- Cost systems background with strong analytical skills and sound understanding of accounting principles.
- Percentage of completion accounting experience preferred.
Interpersonal Skills
- Ability to write in a clear and concise manner.
- Ability to speak effectively
Other Skills
- Ability to effectively plan and organize.
- Ability to work under pressure and maximize efficiency.
Physical Demands:
- Work in a sitting position continuously
- Work in a standing position occasionally
- Normal office environment