Project Accountant

Powell; Houston (TX); On-site; USD 65,000 - 85,000; Full time

Benefits offered by this job

Health insurance

401k Savings

Annual bonus potential

Paid time off

Professional development

Wellness programs

Collaborative work environment

Job summary

Powell Industries seeks a Project Accountant to support the Project Team and Division Management by maintaining accurate financial records for projects in line with GAAP and company policies. You will assist with forecasting, cost to complete, revenue and cash flow projections, and communicate financial risks to the Project Manager.

You will review contracts, change orders, prepare revenue projections and invoices, monitor variances, and support senior management with special analyses and

Qualifications

• Bachelor’s degree in Business Administration or Accounting is required.
• 2-5 years relevant experience in a project environment is required.
• Knowledge of GAAP and project/contract management is preferred.
• Strong communication and coordination skills with executives, employees and customers.
• Ability to manage multiple priorities and stay organized.
• Excellent written and oral communication skills.

Responsibilities

• Provide support to Project Team and Division Management by maintaining accurate project financial records.
• Forecast revenue, cost to complete, and cash flow projections; communicate financial risks to the Project Manager.
• Review contract documents, change orders, and modifications; communicate risks and contingencies.
• Prepare revenue and cash flow projections and evaluate progress against projections.
• Monitor project performance against budgeted costs and hours; alert managers to variances.
• Prepare and distribute customer invoices; ensure timely payments and resolve discrepancies.
• Assist with forecast cost updates and progress updates from operations; maintain accuracy in estimated cost to complete.
• Prepare special project analyses for Senior Management and PMs; provide periodic project metrics.
• Capture discrepancies between operations and pricing tool assumptions and provide feedback to estimating.
• Support project close out process.

Skills

Communication

Multi-tasking

Organizational skills

Time management

Written and verbal communication

Education

Bachelor’s degree in Business Administration or Accounting

Tools

MS Office

Adobe Pro

Primavera

Microsoft Projects

Oracle

Job description

Job Description

Project Accountant is responsible for providing support to the Project Team and Division Management by maintaining accurate financial records for projects based on Generally Accepted Accounting Principles, best practices and company policies, as well as assisting with forecasting, cost to complete, revenue and cash flow projections, and reviewing, identifying and communicating project/financial risk to the Project Manager.

• Effectively communicate with Project Managers (PM), Project Team members and Senior Management
• Review contract documents, change orders and other contract modifications and communicate risks, opportunities and contingencies.
• Completes order entry validation and secondary commercial review to insure accurate order entry and to capture financial risk elements.
• Prepares revenue and cash flow projections based on project timing and milestone billings. Evaluates progress against projections.
• Monitors project performance against budgeted cost and hours; alerting projection managers when variances are spotted.
• Prepares and distributes customer invoices; follows up with the customer to ensure the invoices are complete and have been received by the correct customer approver.
• Collection follow-up to ensure timely cash flow. Works with Cash Application to ensure proper resolution of payment discrepancies.
• Assist with forecast cost updates, including evaluation of shortages and progress updates from operations. Maintains accuracy in estimated cost to complete. PM remains responsible for approving changes to project financials.
• Prepare special project analysis for Senior Management and PM’s.
• Preparation of periodic Project Management metrics.
• Capturing and communicating potential discrepancies between operational activities and pricing tool assumptions – feedback to estimating
• Project close out.

Job Description

Project Accountant is responsible for providing support to the Project Team and Division Management by maintaining accurate financial records for projects based on Generally Accepted Accounting Principles, best practices and company policies, as well as assisting with forecasting, cost to complete, revenue and cash flow projections, and reviewing, identifying and communicating project/financial risk to the Project Manager.

• Effectively communicate with Project Managers (PM), Project Team members and Senior Management
• Review contract documents, change orders and other contract modifications and communicate risks, opportunities and contingencies.
• Completes order entry validation and secondary commercial review to insure accurate order entry and to capture financial risk elements.
• Prepares revenue and cash flow projections based on project timing and milestone billings. Evaluates progress against projections.
• Monitors project performance against budgeted cost and hours; alerting projection managers when variances are spotted.
• Prepares and distributes customer invoices; follows up with the customer to ensure the invoices are complete and have been received by the correct customer approver.
• Collection follow-up to ensure timely cash flow. Works with Cash Application to ensure proper resolution of payment discrepancies.
• Assist with forecast cost updates, including evaluation of shortages and progress updates from operations. Maintains accuracy in estimated cost to complete. PM remains responsible for approving changes to project financials.
• Prepare special project analysis for Senior Management and PM’s.
• Preparation of periodic Project Management metrics.
• Capturing and communicating potential discrepancies between operational activities and pricing tool assumptions – feedback to estimating
• Project close out.

Qualifications

• Bachelor’s degree in Business Administration or Accounting is required.
• 2-5 years relevant experience in a project environment is required.
• Knowledge and understanding of Generally Accepted Accounting Principles
• Requires strong communication skills to effectively interface and coordinate activities with company executives, employees and customers.
• Knowledge of project planning, fiscal planning, and contract management preferred.
• Able to manage multiple priorities and projects.
• Strong organizational and time management skills.
• Excellent written and oral communication skills.Demonstrated working knowledge of MS Office Suite Experience with Adobe Pro, Primavera, Microsoft Projects, and Oracle Preferred.

Working Conditions

• The employee typically performs duties in a normal office environment. There will be some work in a manufacturing environment and exposure to the elements of our factory. Additionally there may be some work performed in the field with exposure to construction sites or active customer facilities.
• It is the policy of Powell Industries to promote safe working conditions for ALL employees, to make available where necessary special equipment to protect employees against specific hazards, to reduce accidents through prevention programs and to establish rules that are designed for the safety of all. It is the responsibility of each employee to adhere to this policy, as well as to observe all safety practices and exercise every precaution for the safety of accidents.

Physical Requirements

• The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• Regularly required to use hands to touch, hold, handle, or feel.
• Frequently required to stand; walk; sit; reach with hands and arms; stoop, kneel, crouch, or crawl; and talk or hear.
• Must occasionally lift and/or move up to 65 pounds.
• Maintaining body equilibrium and agility to prevent falling when walking, standing, crouching, ascending or descending stairs.

About Us

In our 75+ year history, Powell has always known that our employees are at the heart of our success. Without question, we have the most talented people in all parts of our organization. As a manufacturer, we recruit and hire experienced and knowledgeable applicants to ensure our product is engineered, fabricated, and assembled to customer specifications!

Powell’s culture has and will always be founded in our "can do" attitude. If we can imagine it, we can do it. Become a part of our story and let us help you write yours. Hard work pays off in all our teams, with opportunity for advancement and promotion without sacrificing work-life balance. Successful candidates must have a legal authorization to work in the United States on a full-time basis, with only those candidates selected for interview contacted.

Powell offers comprehensive health insurance for you and your family, 401k savings, annual bonus potential, generous paid time off, professional development opportunities, company-sponsored wellness programs, and a collaborative work environment.

EOE Protected Veterans/Disability

If you need an accommodation in the hiring process, you may contact 713.378.2685. Application status inquiries will not be accepted in this manner.