Project Accountant Job Description
Project Accountant Duties & Responsibilities
To write an effective project accountant job description, begin by listing detailed duties, responsibilities and expectations. We have included project accountant job description templates that you can modify and use.
Sample responsibilities for this position include:
Project Accountant Qualifications
Qualifications for a job description may include education, certification, and experience.
Licensing or Certifications for Project Accountant
List any licenses or certifications required by the position: CPA, MBA, MRPT, PMP, CMA, ACA, ACCA, MS, US, MUST
Education for Project Accountant
Typically a job would require a certain level of education.
Employers hiring for the project accountant job most commonly would prefer for their future employee to have a relevant degree such as Bachelor's and Associate Degree in Accounting, Finance, Business, Business/Administration, Education, Associates, Architecture, Construction, Design, Communication
Skills for Project Accountant
Desired skills for project accountant include:
Desired experience for project accountant includes:
Project Accountant Examples
Project Accountant Job Description
- Overall project work from start to finish
- Monthly reporting and finance project management
- Variance and KPI analysis
- Assisting with the preparation of forecasts and cashflow
- Understand the monthly financial cycle and suggest changes
- Serve as liaison between studio and Local / Corporate Accounting Departments
- Work closely with Project Managers to ensure accurate client billing
- Monitor studio Accounts Receivable and assist in collection efforts
- Monitor and track project costs
- Assist Accounting and Financial Manager on special projects
- 6-10 years of bookkeeping experience for a construction company
- MAS90/Sage 100 experience with job cost module
- 2+ years of job cost/cost accounting experience in the Construction industry background a plus
- Provide training to Project Managers on internal systems and procedures
- Ensure risks and issues managed appropriately
- Entering change orders, back charges, subcontracts, and related entries into the Timberline system
Project Accountant Job Description
- Analyze costs in comparison to prior year and budget
- Assist with the processing of revenue transactions
- Complete month-end tasks including bank reconciliations
- Review cost requisitions and employee expense reports for adherence to company policy and guidelines
- Assist in the preparation of the company’s annual budget and quarterly projections
- Assist the Reporting Group during the Company’s annual financial audit
- Generates, audits and distributes draft invoices and/or credit memos to Project Management for review based on understanding of contract
- Generates tax calculations to ensure accurate billing
- Monitors cash collections by actively communicating aging risk to project management to determine necessary collection actions
- Responsible to active the marketing project after the project get proper approval and make sure the accurate information in Vision in line with the application
- Review and setup project contracts and billing terms
- Invoice clients and coordinste payments according to terms
- Generate and mail customer statements
- Update billing and backlog report
- Working closely with Project Management
- BA/BS in accounting, 4-5 years of work experience in accounting and project cost
Project Accountant Job Description
- Provide unposted labor detail reports to PMs and make necessary transfers
- Review reimbursable and direct expenses billed to projects
- Attend Project Manager meetings (project start-up)
- Maintain budgets (accurate accounting of project costs vs
- Responsible for following project close-out guidelines
- Update invoice tracking spreadsheet
- Review AR ledger to ensure invoice accounts were properly booked
- Manage and maintain deferred revenue
- Participate in monthly Project Accountant’s conference call
- Respond to and assist in meeting information and analysis requests from the Infrastructure business unit
- Must have working knowledge of Microsoft Office Products
- Self-motivated, excellent communication and writing skills, and a desire to be a part of a team
- Advanced IT skills - Incl
- Must be able to multi-task and prioritize tasks accordingly
- 4-6 year working experience, MNC environment / audit experience in Big 4 CPA firm with SOX experience preferred
- Bachelor’s degree in Accounting, Finance or foreign equivalent
Project Accountant Job Description
- Create/set-up job numbers in Navision for new projects and create analysis reports using excel
- Generate and distribute quarterly reports to Project Managers regarding status of projects
- Set up new projects
- Monthly analyze the P & L accounts monthly, as assigned by the Accounting Manager
- Prepare balance sheet account reconcilements, as directed by the Accounting Manager
- Ensures accurate accrual of expenses
- Maintains and updates business models including forecasts and budgets, performs ad-hoc financial analysis and develop special analytical models as required
- Recommend and implement agreed process improvements to the Development Process
- Prepare special project analyses as needed
- Contribute to the development of the accounting and reporting practices for external regulatory reporting under Pillar 3
- Experience analyzing and reviewing project financial information
- Strong knowledge of commonly used financial concepts, practices and procedures
- Work well under pressure with multiple tasks and deadlines, with oversight from the Regional Accounting Manager
- Must be team oriented and be able to work independently with a team required
- Ability to work independently in a team environment required
- Two or more years professional accounting experience encompassing similar duties
Project Accountant Job Description
- Assist the Program Control Analyst and Project Managers with any budget and forecast data
- Serve as liaison between operations and various support departments within the division (e.g., Purchasing, Contracts, Accounting)
- Responsible to ensure all program activities are running within compliance guidelines
- Ad hoc management and corporate accounting reports and analysis upon requests
- Ensure accuracy of financial reporting and
- Sound understanding of Project Management concepts including Earned Value techniques
- Sound understanding and ability to interpret contracts
- AP, AR, GL, Payroll
- Monitor & analyse revenue to ensure proper revenue recognition methods used
- Monitor the budgets on each project and ensure that the revenue is not going over the budgeted figure agreed with the client
- Self-starter and able to act on own initiative with high levels of integrity, excellence and teamwork
- Bachelor’s Degree in Finance or Accounting with at least 5 years work experience directly related to items above
- Advanced business degree, or accounting certification degree in Accounting/Finance
- Minimum of 3 to 5 years of progressive accounting or financial reporting experience
- Demonstrate excellent communication skills and ability to interact well with various levels of management within the organization
- Ability to pay close attention to detail with excellent accuracy, completeness and consistency and adhere to strict deadlines