What are the responsibilities and job description for the Project Accountant position at A-C-T Environmental & Infrastructure, Inc.?
Job Description
JOB SUMMARY:
The Project Accountant (“PA”) is an integral part of the Company’s Accounting and Finance Department. The PA performs all aspects of Project Accounting from project setup, the billing process and maintenance; review and adjustment of time and expense charges; revenue recognition; billing; WIP analysis and reconciliation; collections/AR reconciliation; AP, purchase orders and project closeout to ensure proper reporting of a project’s overall profitability
DUTIES & RESPONSIBILITIES:
JOB SUMMARY:
The Project Accountant (“PA”) is an integral part of the Company’s Accounting and Finance Department. The PA performs all aspects of Project Accounting from project setup, the billing process and maintenance; review and adjustment of time and expense charges; revenue recognition; billing; WIP analysis and reconciliation; collections/AR reconciliation; AP, purchase orders and project closeout to ensure proper reporting of a project’s overall profitability
DUTIES & RESPONSIBILITIES:
- Act as “gatekeeper” in setting up projects in the Deltek Vantage Point system, in accordance with established procedures, and to optimize workflow, analytical insights, and administrative effort.
- Communicate effectively with Project Manager (PM) regarding contract and contract modifications, approvals and any additional services related to revenue generation and billing.
- Assist in preparing the initial project schedule including the scope of work, the contract overhead and profit, budgets, and billing requirements in the project setup.
- Implement management systems and processes related to project planning, execution, and closeout.
- Monitor project-related expenditures and ensure alignment with contractual terms.
- Maintain project contracts, supplemental agreements, task work orders, etc. within Vision software.
- Perform program-level analyses on project cost information and budget utilization. Develop trends for financial aspects of projects.
- Assist the PM in preparing project recovery plans for projects that are not within the profit goal.
- Support invoices, revenue recognition, and cost allocations for active projects.
- Work with PM on modifications to draft billing package, resulting in final billing package, and all related documents to submit to clients.
- Monitor AR for projects and notify the PM of the outstanding invoices.
- Identify opportunities for process improvements in project accounting workflows.
- Assists with related special projects and other related duties as needed.
- Experience with Deltek Vantage Point a plus.
- Experience working with an engineering or construction firm a plus.
- Possess strong organizational and time management skills.
- Acute attention to detail, professional attitude and reliable.
- Commitment to excellence and high standards.
- Ability to understand and follow written and verbal instructions.
- Must be able to fulfill essential job functions in a consistent state of alertness and safe manner.
- Versatility, flexibility, and a willingness to work within constantly changing priorities with enthusiasm.
- Microsoft excel skills – intermediate preferred
- Demonstrated ability to calculate figures and amounts – accurately and timely.
- Excellent written and verbal communication skills.
- Bachelor’s degree in accounting
- A Minimum of 2 years of experience in finance or project accounting
- Strong Knowledge of accounting procedures (Preferred)
- Experience in the Environmental Industry (Preferred)
- Regularly required to stand, walk, sit, talk, hear, and see
- Regularly/Occasionally lift and/or move up to 10 pounds
- Reasonable accommodation may be made to enable individuals to perform the essential functions of the job