A Project Accountant is responsible for managing the financial aspects of specific projects, ensuring accurate budgeting, cost tracking, billing, reporting, and compliance throughout the project lifecycle. They work closely with project managers, finance teams, and clients to maintain financial control and support profitable project delivery.
Key Responsibilities- Prepare and manage project budgets and forecasts
- Monitor project costs, expenditures, and profitability
- Process project billing, invoicing, and revenue recognition
- Track labor, materials, subcontractor, and overhead costs
- Reconcile project accounts and resolve discrepancies
- Prepare monthly financial reports and variance analyses
- Ensure compliance with accounting standards and company policies
- Assist with project audits and documentation
- Support contract review and change order management
- Collaborate with project managers on financial performance and risk assessment
- Maintain accurate project financial records in ERP/accounting systems
Required Qualifications- Bachelor's degree in Accounting, Finance, or related field
- 2-5+ years of accounting or project accounting experience
- Knowledge of accounting principles and financial reporting
- Proficiency in Microsoft Excel and accounting/ERP software
- Strong analytical, organizational, and communication skills
- Attention to detail and ability to meet deadlines
Preferred Qualifications- CPA, CMA, or progress toward certification
- Experience in construction, engineering, manufacturing, or professional services industries
- Familiarity with systems such as SAP, Oracle, QuickBooks, or Deltek
Key Skills- Budgeting and forecasting
- Cost accounting
- Financial analysis
- Invoice and contract management
- Problem-solving
- Time management
- Data accuracy and reporting
Typical Work EnvironmentProject Accountants commonly work in:
- Construction companies
- Engineering firms
- Consulting businesses
- Manufacturing organizations
- Government or infrastructure projects
Compensation: $85,000-105,000 annually
Compensation is based on a range of factors that include relevant experience, knowledge, skills, other job-related qualifications.
