Experienced Professional, Project Accounting

Overview

This opportunity is for an Experienced Professional, Project Accounting in the United States.

This position is contingent upon the ability to obtain and maintain a national security clearance. The role provides accounting and financial specialist support to one or more Project Managers and project teams.

Responsibilities

• For assigned project(s), manage and analyze the collection, recording, and allocation of project costs and revenue; ensure accurate project profit and loss calculations; and communicate project financial performance and profitability to project/program management.
• Perform lifecycle project accounting, including creating project accounts in Oracle, tracking projects and project budget, validating invoicing, project close-out, and reconciling overall project payables and receivables to project budgets.
• Execute detailed accounting tasks related to managing project contracts, billing events, and billing transaction exceptions revenue for medium-sized and/or moderate-level complex projects.
• Partner with the Project Manager and project team to establish and update project budgets, and provide project accounting recommendations when contract modifications or budget changes arise.
• Generate project financial reports, evaluate report items (including labor breakage), and escalate items for review by the Project Manager as needed.
• Authorize access to project accounts and transfer expenses into and out of project-related accounts in compliance with established accounting practices and guidelines.
• Maintain quality control standards and procedures for generating accurate project-related financial records using Oracle, spreadsheets, and software.
• Apply accounting expertise related to project resources, labor, and expenses; investigate project variances and submit variance reports to management.
• Verify contract and change order characteristics for projects that are medium-sized and/or of a moderate-level complexity, including reading and interpreting contract language, method of compensation, modifications, purchase orders, and subcontract/consultant terms.
• Monitor key indicators for managing and analyzing problem projects and keep project managers and/or the project accounting manager informed of concerns.
• Ensure draft invoices from billing are accurate based on contract requirements; identify needed corrections, obtain Project Manager documentation and signature, finalize invoice approval with the Project Manager/billing team, and submit invoices to the client.
• Support subcontract management and coordinate with Contract Administrators, including evaluating subconsultant invoice submittals for accuracy, establishing and maintaining purchase orders for subconsultants, and requesting and following up on subcontractor payment requests with Accounts Payable.
• Identify and record unpaid contract billings; follow up on delinquent accounts receivable and/or unbilled costs.
• Respond to client requests for additional detail, investigate project expenses not billed to clients, and review and approve project-related billings to clients.
• Attend project-related meetings to inform the team on the status of project financials, articulate problem projects, and follow up on actions discussed.
• Create and submit government reports related to projects.
• Compile information for review by a more Senior Consultant prior to submission for internal and external auditors as required.
• Interact with regulatory agencies, subcontractors, and clients professionally and confidently.
• Stay current on latest project accounting principles and subject matter.
• Exercise responsible and ethical decision-making regarding company funds, resources, and conduct; adhere to the organization’s Code of Conduct and related policies and procedures.
• Perform additional responsibilities as required by business needs.

Qualifications

Required Qualifications

• Bachelor’s Degree in Accounting, Business, or closely-related discipline (or demonstrated proven equivalent experience).
• 3 to 5 years of relevant post-education experience in accounting, project contracts, and change management documents.
• Working knowledge of project accounting principles, practices, and methods and their application to project work-related issues.
• Analytical mindset with the ability to exercise sound independent judgment in evaluating situations and making decisions with financial implications.
• Ability to initiate and coordinate efforts with various stakeholders around contract and project requirements.
• Strong interpersonal and communication skills to interact with others and express ideas professionally to both accounting and non-accounting audiences.
• Effective self-leadership with attention to detail, results orientation, and ability to manage multiple priorities in a dynamic work environment.
• Ability to learn new techniques, perform multiple tasks simultaneously, follow instruction, work independently, and comply with company policies.
• Proficiency with technical writing, office automation and accounting software, technology, math principles, spreadsheets, MS Excel, pivot tables, formulas, data format/sort/filter, VLOOKUP, predictive models, and tools.
• Critical thinking and problem-solving skills to apply subject matter and technical knowledge to reach conclusions from data collation, documentation, statistical analysis, and selecting the most effective, economical, and logical solution.
• Awareness of and adherence to the organization’s Project Delivery Handbook.
• Proven track record of upholding workplace safety and ability to abide by health, safety and drug/alcohol and harassment policies.
• This is a professional role; work deadlines and work hours may extend beyond a typical workday.
• Occasional travel may be required depending on project-specific requirements.
• Due to client/project requirements, US Citizenship is required.
• Ability to obtain and maintain a US Government issued Secret level Security Clearance.

Preferred Qualifications

• Familiarity with Oracle (preferred, not required).

Compensation & Benefits

The organization provides a comprehensive suite of benefits focused on health and financial stability, including:

• Medical, dental, vision, disability, and life coverage
• Retirement savings
• Paid sick leave
• Paid vacation (or other personal time)
• Paid parental leave
• Paid time off for purposes of bereavement, voting, and/or attendance at naturalization proceedings

Location

United States

Employment Eligibility

The selected candidate must be authorized to work in the United States.