Project Accountant Job Description
Project accountant
provides support to Projects using Excel, Word and other project controls tools.
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:
Providing support during month-end close (journal entries, account reconciliations, SOX compliance)
Meets job requirements such as billing clients (AIA software), processing A/P, and processing certified payroll when applicable
Reconcile monthly Accounts Payable and Accounts Receivable to the General Ledger
Reconcile labor and insurance allocations to job cost to actual on General Ledger
Prepare and update cash receipts daily
Input labor time sheets into accounting system weekly
Solicit and review subcontractors’ G702/703 for accuracy, change orders and tax
Prepare monthly owner requisitions for assigned projects and monitor payment of each in conjunction with the Project Manager
Code and input subcontractor requisitions for respective pay applications monthly
Solicit lien waivers for all projects as monthly subcontractors’ requisitions are posted for all checks to be paid and to be included with owner pay applications
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:
Basic
ERP system
Excel and Word
Project contracts and change order documents
General contracting practices
Word and Excel
Percent complete accounting
Financial Statement analysis
Excel
Intermediate
Desired experience for project accountant includes:
Input monthly Journal Entries prepared by Controller
Prepare and update general conditions projections for assigned projects
Solicit and confirm that all mandatory requirements are met by all subcontractors
Perform Month end due diligence review for the EMEA Support Services and certain Firmwide expense lines
Ongoing review and assessment of controls and working with Finance, I.T
Reporting to other governing bodies - power point presentation
Project Accountant Examples
1
Project Accountant Job Description
Job Description Example
Our company is looking to fill the role of project accountant. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for project accountant
- 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
Qualifications for project accountant
- 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
2
Project Accountant Job Description
Job Description Example
Our company is searching for experienced candidates for the position of project accountant. Thank you in advance for taking a look at the list of responsibilities and qualifications. We look forward to reviewing your resume.
Responsibilities for project accountant
- 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
Qualifications for project accountant
- 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
3
Project Accountant Job Description
Job Description Example
Our company is hiring for a project accountant. We appreciate you taking the time to review the list of qualifications and to apply for the position. If you don’t fill all of the qualifications, you may still be considered depending on your level of experience.
Responsibilities for project accountant
- 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
Qualifications for project accountant
- 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
4
Project Accountant Job Description
Job Description Example
Our company is growing rapidly and is searching for experienced candidates for the position of project accountant. Please review the list of responsibilities and qualifications. While this is our ideal list, we will consider candidates that do not necessarily have all of the qualifications, but have sufficient experience and talent.
Responsibilities for project accountant
- 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
Qualifications for project accountant
- 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
5
Project Accountant Job Description
Job Description Example
Our company is looking for a project accountant. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for project accountant
- 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
Qualifications for project accountant
- 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