Project Accounting Job Description

Project Accounting Job Description

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134 votes for Project Accounting
Project accounting provides oversight and direction to Black and Veatch project managers, client staff and subcontractors.

Project Accounting Duties & Responsibilities

To write an effective project accounting job description, begin by listing detailed duties, responsibilities and expectations. We have included project accounting job description templates that you can modify and use.

Sample responsibilities for this position include:

Maintain Purchase Order system, issuing purchase orders as requested
Establish filing systems for all project related documentations
Resolve invoice discrepancies and issues
Prepare cheque requisitions as required
Lead design and execution of projects in an efficient and timely manner
Implement processes to maintain various source database(s) to ensure reporting is accurate
Oversee vendors, projects, and obligations of each location
Oversee AP/AR, journal entries
Maintain documentation and contracts
Assess and evaluate new opportunities for expansion

Project Accounting Qualifications

Qualifications for a job description may include education, certification, and experience.

Licensing or Certifications for Project Accounting

List any licenses or certifications required by the position: PMP, CSM, R3, AX, F&O, D365, SAP, CPA, COH, CIA

Education for Project Accounting

Typically a job would require a certain level of education.

Employers hiring for the project accounting 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, Accountancy, Business/Administration, Education, Associates, Economics, Technical, Management

Skills for Project Accounting

Desired skills for project accounting include:

Basic
Percent complete accounting
MS Office
Especially MS Excel
Black & Veatch Systems
Deltek Vision
Intermediate
Excel
Accounting rules
Black and Veatch Systems

Desired experience for project accounting includes:

Derivative experience preferred but not required
Must be knowledgeable in accounting, which is contingent upon a degree
5 to 7 years accounting or finance experience
Normally requires 5 to 7 years of related experience
Ability to perform all aspects of accounting, financial analysis and financial reporting
Apply financial, technology and project management skills to successfully implement continuous improvement initiatives

Project Accounting Examples

1

Project Accounting Job Description

Job Description Example
Our innovative and growing company is searching for experienced candidates for the position of project accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for project accounting
  • Coach, develop and train direct reports and/or project team resources
  • May generate tax calculations to ensure accuracy
  • May research past due invoices
  • Coordinate all activities pertaining to Investor Accounting projects, including scheduling, following up, maintaining minutes
  • Partner with Stakeholders (Legal, Servicing Departments, ) in connection with reviewing contracts with a specific focus on the impact to investor reporting identifying billable fees
  • Responsible for identifying and reducing costs and risks where possible through the evaluation of current business methods and processes, analysis, trending, and the promotion of technological resources particularly in connection with investor billing functions
  • Lead and coordinate the process of implementing a fully automated consolidated billing function which ensures all contractual fees are considered along with annual Consumer Price Index (CPI) adjustments
  • Prepare impact analysis identifying how consolidated subserviced billing changes will impact policies, procedures, people and systems
  • Modify and maintain policies and procedures in connection with the investor billing functions
  • Develop and maintain monthly dashboards for Investor Accounting and Default Post Closing and identify trends Develop and maintain detailed projected plans and issues logs
Qualifications for project accounting
  • Ability to coordinate / supervise accounting work-flow
  • Understanding of moderately to highly complex accounting theory is needed in order to perform accounting functions, analysis, and problem solving responsibilities, and to make recommendations to management
  • Opportunity to be involved in high-priority enterprise-wide projects such as the Consumer Loan Servicing Transformation
  • Develop strong base knowledge of the PeopleSoft GL system and the operational workflow of the Bank’s accounting functions
  • Work with technology partners on other process improvement initiatives such as automation of manual reconcilement processes
  • Bachelor's degree wit h accounting major preferred
2

Project Accounting Job Description

Job Description Example
Our growing company is looking to fill the role of project accounting. If you are looking for an exciting place to work, please take a look at the list of qualifications below.
Responsibilities for project accounting
  • Process and post vendor payments for multiple entities
  • Post deposits to general ledger for multiple entities
  • Assist and/ or lead various client service projects in a team environment to meet the needs of the Bicknell family
  • Manage implementation, acting in the role of project manager and functional consultant
  • Reviews and provides guidance regarding complex invoice matters
  • Monitors cash collections for assigned group by actively communicating aging risk to project management to determine necessary collection actions
  • Administer and oversee the ongoing maintenance of Project Planning & Execution programs or processes
  • Work in partnership with the Manager, Project Planning & Execution to coordinate and support all programs and initiatives
  • Establishing filing systems for all project related documentations
  • Resolving invoice discrepancies and issues
Qualifications for project accounting
  • Organized and able to perform very well in a high volume, deadline-driven trading environment
  • Working knowledge of systems and automated processes including trading systems, spreadsheets and database management
  • Consistently proactive and focused on providing value-added service
  • Thorough understanding of GAAP accounting principles as such relates to job cost accounting
  • Proven ability to build confidence and trust with team members and external business partners
  • Familiar with US GAAP / IFRS accounting standards and Internal Control framework requirements (COSO, SOX)
3

Project Accounting Job Description

Job Description Example
Our innovative and growing company is hiring for a project accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for project accounting
  • Corresponding with vendors and respond to inquiries
  • Participate in the updating and distribution of Project Planning & Execution internal program materials and policies
  • Codes expenses to accounts and cost centers by analyzing invoice/expense reports
  • Weekly Project cost review
  • Accounting, legal)
  • Supports work streams led by managing all project management processes
  • Develops, maintains, and monitors the work stream project plan, milestones and deliverables
  • Reviews risks and issues including escalation and resolution to ensure accuracy of task completion
  • Creates tools and templates to enhance team productivity
  • Provides status reports to support the analysis of business processes
Qualifications for project accounting
  • Undergraduate degree in Accounting or related field plus a minimum of three years construction accounting experience or an equivalent combination of education and experience
  • Demonstrated ability to develop expertise in products and activities within scope
  • Ability to communicate effectively and professionally with traders and other internal service partners
  • Dedicated to not only meeting, but also exceeding the expectations and requirements of internal and external customers
  • Manage the monthly project financial reporting cycle, ensuring best practice is adopted and controls met
  • Bachelor’s degree in accounting or finance, with a minimum of three years of experience preferably within a manufacturing or engineering setting
4

Project Accounting Job Description

Job Description Example
Our company is looking to fill the role of project accounting. To join our growing team, please review the list of responsibilities and qualifications.
Responsibilities for project accounting
  • Provide temporary support for other regions as required
  • Enter Accounts Payable vouchers as need
  • Enter and Issue Purchase Orders as needed
  • Identify, implement, and adhere to best practices across all new project launches
  • Setup and/or provide indirect project structure maintenance (Overhead, B&P, IR&D, G&A, Service Center, Management Allocations, ) for existing projects
  • Initiating and completing routine aspects of project control assignments while reporting up to program or portfolio level
  • Generate Periodic Project Controls Reports
  • Manages staff selection, development and retention
  • Monitor's CFI-B8 exception reporting for value and funding variances
  • Monitor employee work assignments and reassign as necessary to me internal deadlines and customer requirements
Qualifications for project accounting
  • Candidates must have prior percentage of completion accounting experience
  • Impeccable attention to detail, accuracy, time management/organizational skills and ability to multi-task
  • Interest and ability to complete both ground-up construction AND small dollar/high volume retrofit projects
  • Strong analytical skills and effective problem solving abilities
  • Ensuring integrity of project budget and change requests by maintaining adherence to contractual terms and agreements
  • Performing monthly revenue recognition adjustments, as required
5

Project Accounting Job Description

Job Description Example
Our growing company is searching for experienced candidates for the position of project accounting. 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 accounting
  • Responsibility and Assistance with month-end, quarterly, annual closings (owning the specified booking and billing queue to be cleaned up and hitting the business budgeted targets)
  • Complete the close process in line with the group and local timetables
  • Customer Satisfaction/Total Quality- Ability to recognize, respond to customer expectations with sense of urgency and even increase expectations
  • Regular communication via phone and email with Customer Business Units in US Retain Organization and Business Partner on branches
  • Contract accounting sub ledger close
  • Perform customer account reconciliation and coordinate resolution of discrepancies
  • Projects - initiate process improvement & optimization of process
  • Ensure compliance with corporate JCI policies, procedures and processes
  • Assisting with special projects on various topics as needed
  • Reconciliations between sub ledger and general ledger on gross margin level, all system impacted accounts
Qualifications for project accounting
  • Self-driven to work well with minimal guidance and hard deadlines in a fast-paced environment
  • Time management and multi-tasking skills with the ability to prioritize and schedule tasks for the most efficient use of time
  • Experience with QuickBooks and/or Great Plains is preferred
  • Minimum of 5-7 years of finance or accounting experience in a engineered to order manufacturing industry
  • Functional implementation experience with 2+ complex, full lifecycle Oracle EBS Project Accounting implementations (Oracle R12)
  • A minimum of 6 years of experience implementing Project Accounting

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