Cost Accountant

LHH; Severn (MD); On-site; USD 75,000 - 110,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) plan with employer match

Paid holidays

Paid sick leave

Life and disability insurance

Job summary

LHH is seeking a Project Accountant to partner with operations and finance to monitor project performance and cost information. You will support revenue recognition, cost accounting, and month-end close while driving process improvements across inventory and project-related costs.

Responsibilities include analyzing costs, preparing journal entries, reconciliations, and balance sheet activities. Prior experience with ASC 606 and manufacturing or project-driven environments is preferred.

Qualifications

• Strong understanding of accrual accounting and journal entries.
• Experience with account reconciliations and U.S. GAAP.
• Ability to translate operational/project data into accurate accounting results.
• Excellent analytical and communication abilities.
• Capacity to manage multiple close/reporting priorities.

Responsibilities

• Monitor project costs, estimates to complete, and margins alongside operations.
• Support percentage-of-completion revenue recognition and cost-to-cost reporting.
• Prepare journal entries and reconciliations for project accounts and related close activities.
• Assist with balance sheet reconciliations, imports, and month-end close.
• Collaborate with inventory and cost accounting to improve reporting accuracy.

Skills

Analytical skills

Organizational skills

Communication skills

Problem-solving

Multitasking

Education

Bachelor’s degree in Accounting or Finance

Job description

This position will work closely with operational and finance teams to monitor project performance, maintain accurate project cost information, support percentage-of-completion revenue recognition, and strengthen inventory and cost accounting processes. The role will also assist with balance sheet reconciliations, journal entries, month-end close, and ongoing process improvements.

Project Accounting & Revenue Recognition

• Partner with project and operational teams to gather and analyze project costs, estimated costs to complete, margins, milestones, and changes in project scope.
• Maintain project accounting schedules used to support percentage-of-completion and cost-to-cost revenue recognition.
• Assist with revenue recognition in accordance with ASC 606 and applicable U.S. GAAP requirements.
• Review actual project performance against budgets and estimates, identifying margin fluctuations, cost overruns, and other financial risks.
• Prepare and support journal entries and reconciliations related to project revenue, costs, contract assets, contract liabilities, and other project accounts.
• Assist with financial closeout of completed projects, including reviewing final costs, billing activity, outstanding commitments, and required adjustments.

Cost & Inventory Accounting

• Support accounting processes and controls surrounding inventory, work in process, job costing, and project-related costs.
• Reconcile inventory and project cost information across accounting systems, operational reports, and supporting schedules.
• Analyze manufacturing and project costs, including materials, labor, overhead, usage, and purchasing variances.
• Work closely with operations and supply chain teams to improve the accuracy and completeness of cost and inventory reporting.
• Support cycle counts and physical inventories and research related adjustments or discrepancies.

General Accounting & Process Improvement

• Prepare balance sheet reconciliations for assigned accounts, including inventory, intercompany, project, and contract-related accounts.
• Support month-end and year-end close activities, including journal entries, account analysis, and audit requests.
• Develop and maintain accounting procedures, schedules, documentation, and internal controls.
• Participate in accounting system improvements, data cleanup, testing, and future system implementation initiatives.
• Identify opportunities to streamline manual processes and improve the accuracy and efficiency of financial reporting.

Required

• Bachelor’s degree in Accounting, Finance, or a related discipline preferred.
• 3+ years of progressive accounting experience within project accounting, cost accounting, inventory accounting, general ledger accounting, or a related area.
• Strong understanding of accrual accounting, journal entries, account reconciliations, and U.S. GAAP.
• Ability to analyze operational and project information and translate it into accurate accounting results.
• Strong analytical, organizational, communication, and problem-solving skills.
• Ability to manage multiple priorities while meeting monthly close and reporting deadlines.

Preferred

• Experience with ASC 606 revenue recognition and percentage-of-completion or cost-to-cost accounting.
• Experience supporting long-term projects, contracts, or project-based operations.
• Background in a manufacturing, construction, engineering, or other project-driven environment.
• Experience with inventory, work in process, job costing, manufacturing costs, or variance analysis.
• Experience working in an organization undergoing process improvement or ERP/system changes.

• Medical, dental, and vision insurance
• 401(k) plan with employer match
• Paid holidays
• Paid sick leave
• Life and disability insurance

Equal Opportunity Employer/Veterans/Disabled

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The Company will consider qualified applicants with arrest and conviction records in accordance with federal, state, and local laws and/or security clearance requirements, including, as applicable:

The California Fair Chance Act

Los Angeles City Fair Chance Ordinance

Los Angeles County Fair Chance Ordinance for Employers