Project Cost Accountant

About the Opportunity

IET Systems is seeking a Project Cost Accountant to help our construction and field operations teams understand project costs, identify budget risks, and protect job profitability. This role works closely with Finance, project managers, Procurement, and field leadership to maintain accurate job cost records and turn financial data into practical project decisions.

What You Will Do

• Track and reconcile project costs for labor, payroll burden, materials, equipment, subcontractors, and travel against approved budgets and cost codes.
• Prepare project cost reports and explain budget variances, spending trends, and changes in projected profit margins.
• Work with project managers to update cost-to-complete forecasts and estimated final project costs, including outstanding commitments.
• Support monthly project accounting, work-in-progress schedules, accruals, reconciliations, and reporting of overbillings and underbillings.
• Review purchase orders, invoices, timekeeping allocations, and change orders for accurate project coding and supporting documentation.
• Coordinate with Finance and operations on progress billing, retainage, project closeout, and improvements to job cost processes.

What You Bring

• At least three years of accounting experience, including hands-on job costing or project accounting; construction or specialty contracting experience strongly preferred.
• Bachelor’s degree in Accounting, Finance, or a related field, or an equivalent combination of relevant education and experience.
• Strong Excel skills, including pivot tables and lookup formulas, and experience using accounting or ERP software.
• Ability to reconcile detailed financial records, investigate discrepancies, manage deadlines, and explain findings clearly to project teams.
• Familiarity with construction budgets, cost codes, change orders, committed costs, and work-in-progress reporting preferred.

Required Qualifications

• At least three years of accounting experience, including hands-on job costing or project accounting.
• Bachelor’s degree in Accounting, Finance, or a related field, or an equivalent combination of relevant education and experience.
• Strong understanding of accounting principles, reconciliations, accruals, and financial reporting.
• Proficiency in Excel, including pivot tables and lookup formulas, and experience with accounting or ERP systems.
• Strong analytical skills, attention to detail, organization, and the ability to manage multiple projects and deadlines.
• Ability to communicate financial information clearly and protect confidential company, employee, and customer information.

Preferred Qualifications

• Construction, specialty contracting, or field service accounting experience.
• Experience with work-in-progress schedules, cost-to-complete forecasts, progress billing, retainage, subcontract accounting, and change orders.
• Experience integrating purchasing, timekeeping, payroll, and project management information into job cost reports.

Pay: $65,000.00 - $75,000.00 per year

Benefits:

• 401(k)
• Dental insurance
• Health insurance
• Paid time off
• Vision insurance

Work Location: In person

Salary : $65,000 - $75,000