Cost Accountant

LHH; Severn (MD); On-site; USD 90,000 - 120,000; Full time

Benefits offered by this job

Medical, dental, vision insurance

401(k) with employer match

Paid holidays

Paid sick leave

Life and disability insurance

EOE/Veterans/Disabled

Job summary

LHH is seeking a Senior Project Accountant to support large-scale, customized project work with strong financial oversight, cost tracking, and revenue recognition expertise in a manufacturing/engineering environment. You will partner with project teams and operational leaders to drive financial visibility, manage project budgets, track costs, and ensure accurate revenue recognition under ASC 606.

This role emphasizes collaboration across finance, engineering, procurement, and operations to

Qualifications

• Minimum of 5 years of accounting experience focused on cost accounting, project accounting, or manufacturing environments.
• Strong understanding of project cost tracking, job costing, and manufacturing accounting practices.
• Hands-on experience applying ASC 606 revenue recognition guidance in contract- or project-based settings.
• Bachelor's degree in Accounting, Finance, or a related discipline preferred.

Responsibilities

• Oversee the financial lifecycle of assigned projects, including budget development, forecasting, cost monitoring, and profitability analysis.
• Maintain accurate project accounting records by tracking labor, materials, subcontracted services, and indirect costs.
• Collaborate with project and operational teams to validate project costs, identify financial risks, and proactively address budget variances.
• Apply revenue recognition principles in accordance with ASC 606, ensuring revenue is recognized appropriately based on contract terms and project progression.
• Prepare and maintain supporting documentation related to revenue recognition, financial reporting, audits, and compliance requirements.
• Coordinate month-end project accounting activities, including reconciliations, variance investigations, and reporting deliverables.
• Generate financial reports related to project revenue, backlog, forecasts, margins, and overall performance.
• Analyze actual results versus budgets and forecasts, providing insight into trends, risks, and opportunities.
• Partner with finance, engineering, procurement, and operations teams to ensure alignment between project execution and financial objectives.
• Identify opportunities to enhance reporting processes, strengthen controls, and improve the effectiveness of project accounting procedures.

Skills

Cost accounting

Project accounting

Forecasting

Variance analysis

ASC 606 revenue recognition

Cross-functional collaboration

Analytical thinking

Education

Bachelor's degree in Accounting/Finance

Job description

This individual will support large-scale, customized project work by providing financial oversight, accurate cost tracking, and revenue recognition compliance. The ideal candidate will possess strong experience in project-based accounting within a manufacturing or engineering-driven environment and have the ability to partner with operational leaders to drive financial visibility and performance.

Key Responsibilities

• Oversee the financial lifecycle of assigned projects, including budget development, forecasting, cost monitoring, and profitability analysis.
• Maintain accurate project accounting records by tracking labor, materials, subcontracted services, and indirect costs.
• Collaborate with project and operational teams to validate project costs, identify financial risks, and proactively address budget variances.
• Apply revenue recognition principles in accordance with ASC 606, ensuring revenue is recognized appropriately based on contract terms and project progression.
• Prepare and maintain supporting documentation related to revenue recognition, financial reporting, audits, and compliance requirements.
• Coordinate month-end project accounting activities, including reconciliations, variance investigations, and reporting deliverables.
• Generate financial reports related to project revenue, backlog, forecasts, margins, and overall performance.
• Analyze actual results versus budgets and forecasts, providing insight into trends, risks, and opportunities.
• Partner with finance, engineering, procurement, and operations teams to ensure alignment between project execution and financial objectives.
• Identify opportunities to enhance reporting processes, strengthen controls, and improve the effectiveness of project accounting procedures.

Qualifications

• Minimum of 5 years of accounting experience focused on cost accounting, project accounting, or manufacturing environments.
• Strong understanding of project cost tracking, job costing, and manufacturing accounting practices.
• Hands-on experience applying ASC 606 revenue recognition guidance in contract- or project-based settings.
• Advanced analytical and problem-solving skills with the ability to evaluate project profitability and forecast performance.
• Demonstrated ability to manage multiple priorities while ensuring accuracy and meeting reporting deadlines.
• Experience working cross-functionally with project managers, operational leaders, and finance teams.
• Knowledge of audit support processes, financial documentation requirements, and internal control practices.
• Bachelor's degree in Accounting, Finance, or a related discipline preferred.

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: