What are the responsibilities and job description for the Project Accountant position at Iron Fabrication Services Inc?
Description:About Us:Iron Fabrication Services (IFS) is a leading fabricator and supplier of all types of steel used in many major construction projects such as large scale commercial and residential buildings. Our quality is visible throughout the Metropolitan area of Washington D.C., Virginia, and Maryland. At IFS, we are committed to fostering a safe and productive work environment. IFS is seeking a skilled and detailed oriented Project Accountant to join our team. This role plays a key part in maintaining project profitability, supporting decision-making, and ensuring the overall financial health of each project. Job Summary: The Project Accountant is responsible for supporting the financial management of construction projects from start to finish. This role ensures accurate job costing, contract billing, and timely financial reporting while working closely with Project Managers, Operations, and the Finance team. The ideal candidate has strong construction accounting experience and thrives in a fast-paced, deadline-driven environment.Key ResponsibilitiesProject Financial Setup & ControlsSet up and maintain project budgets, cost codes, and financial structures in the company ERP/accounting system.Ensure compliance with contract terms, billing requirements, approved budgets, and cost controls.Monitor project costs, labor, equipment usage, subcontractor commitments, and material expenses.Prepare monthly project cost summary reports and maintain accurate work-in-progress (WIP) schedules.Billing & DocumentationUpdate monthly billing onto ERP softwareReview and process subcontractor and vendor invoices, change orders, and pay applications for accuracy and compliance.Track pending and approved change orders and coordinate updates with Project Managers.Financial Reporting & SupportAssist with monthly month-end close activities related to assigned projects.Analyze project budget variances and cost overruns.Support project AP/AR processes, including communication with subcontractors, vendors, and customers to resolve invoice and billing inquiries.Provide ad hoc financial analysis and management reports as needed.Requirements:QualificationsBachelor’s degree in Accounting, Finance, Business Administration, or equivalent experience.3–5 years of project accounting experience required, preferably within the construction industry.Strong understanding of job cost accounting, WIP reporting, and construction billing methods (e.g., AIA billing).Proficiency with Excel and construction ERP/accounting systems (e.g., Viewpoint, Sage, CMiC, Procore Financials, or similar).Excellent organizational and communication skills with the ability to support multiple Project Managers.Strong attention to detail, accuracy, and analytical problem-solving skills.Ability to manage multiple projects and priorities in a fast-paced environment.Ability to work both independently and collaboratively across departments.Travel Requirements: NonePhysical Requirements: Prolonged periods sitting at a desk and working on a computer. Frequent periods of repeating the same movements. Walk, climb stairs, sit, and stand. Talk and hear at normal levels. See with close vision, distance vision, color vision, peripheral vision, depth perception, and have the ability to adjust focus. Reach with hands and arms. Use hands and fingers to operate tools and other business machines. Lift and/or move up to 50 lbs.Equal Opportunity Employer: IFS is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, national origin, age, disability, or any other status protected by law.Other Duties: Please note this job description is not designed to cover or contain a comprehensive list of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities, and activities may change at any time with or without notice.
Salary : $62,300 - $81,700
