What are the responsibilities and job description for the Project Accountant position at Hunting Energy Services?
The purpose of this position is to complete monthly estimates to complete and revenue calculations, reviewing project costs as compared to budget and weekly forecasting. The Project Accountant will assist in monthly closing, inventory reconciliations, audit requests and variance reporting. The Project Accountant will work with the Business Unit Financial Controller, General Manager and Project Managers to ensure the projects are executed successfully.
Responsibilities:
- Preparation of monthly estimates at completion (EAC) including preparing the EAC workbook, analyzing, reconciling and review with assigned project manager to facilitate presentation to management team.
- Complete monthly revenue recognition calculation, prepare journal entries and ensure adherence to IFRS 15 contact regulations.
- Review project and facility costs as compared to budget to ensure costs are being allocated properly.
- Forecasting – prepare weekly project forecasts including costs, invoicing and revenue calculations.
- Monitoring project billing milestones and ensure they are being billed and collected in a timely manner.
- Assisting with change order costing and bids & proposals as needed.
- Assisting with review of new contracts to assist with preparation of IFRS revenue recognition memos.
- Assist with providing auditors with contract, EAC and revenue calculation information as needed.
Required Skills and Experience:
- Required: B.S. Degree (or equivalent) in Finance/Accounting or related field.
- Required: Minimum of 5 years in cost accounting, project accounting, or financial & planning analysis.
- Required: Knowledge of GAAP Accounting Standards and International Financial Reporting Standards
- Experience with ERP systems, Excel and accounting consolidation software.
- Must have strong organizational skills and ability to prioritize assignments.
- Must have excellent organizational skills
- Excellent computer skills including Microsoft Office products, especially Excel and ERP systems.
- Ability to read, analyze, and interpret financial reports, and legal documents.
- Excellent time management skills.
- Must be able to recognize and be discreet with sensitive business-related materials.
- Must be able to work with people to accomplish assigned tasks.
- Experience with IFRS 15, over-time revenue recognition, percent complete accounting.
- Experience in a manufacturing accounting environment including inventory, standard costing, labor and overhead burden rates and project accounting.
- Must be able to read, understand, learn and follow written and verbal safety, quality and work instructions.
- Must possess technical aptitude, including addition, subtraction, multiplication, and division.
Physical Demands:
The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
- This position requires an onsite presence to perform the essential duties.
- While performing the duties of this job, the employee is primarily in the office performing work on a computer. Employee will be required to walk and be on the manufacturing floor.
Work Environment/Conditions
- This position will require working primarily indoors in a smoke-free office and manufacturing facility but may also require the employee to be outdoors on occasion.
- Limited travel will be required to support offsite personnel and business projects.
- Occasional assignments will require remote accessing and may include evening or weekend schedules.
- The noise level is usually moderate. Employee will occasionally work near moving mechanical parts.
Candidates are required to be authorized to work in the United States. All employees must be able to comply with the company Drug and Alcohol Policy, which includes participation in Company random drug testing. Employment is subject to background checks appropriate to the position.