Project Accountant

Addison Group; Lorton (VA); On-site; USD 85,000 - 90,000; Full time

Benefits offered by this job

Medical insurance

Dental insurance

Vision insurance

401(k) match

Job summary

Addison Group is seeking a detail-oriented Project Accountant to manage the financial activities of assigned projects in a fast-paced environment. You will partner with project managers and operations to drive accurate billing, budgeting, costs, revenue recognition, and financial reporting.

Responsibilities include invoicing, monitoring budgets and cash flow, reviewing contracts and change orders, and ensuring compliance with accounting policies. A collaborative, analytical mindset is essential.

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field preferred.
• 2+ years of project accounting or related accounting experience.
• Experience with project billing, budgeting, cost tracking, and revenue recognition.
• Strong understanding of general accounting principles.
• Proficiency in Microsoft Excel.
• Experience with an ERP or project accounting system preferred.
• Strong analytical, organizational, and communication skills.
• Ability to manage multiple projects and deadlines in a fast-paced environment.

Responsibilities

• Manage project accounting from setup through closeout.
• Prepare and process client invoices, including time-and-materials, fixed-price, and cost-plus billing.
• Monitor project budgets, costs, revenue, profitability, and cash flow.
• Review contracts, change orders, purchase orders, and subcontractor documentation.
• Perform revenue recognition and ensure compliance with accounting policies.
• Prepare project forecasts and analyze budget-to-actual variances.
• Reconcile project-related accounts and prepare journal entries.
• Track accounts receivable and follow up on outstanding invoices.
• Partner with project managers to identify financial risks and resolve discrepancies.
• Support month-end close, audit requests, and financial reporting.
• Maintain accurate project records within the accounting system

Skills

Project accounting

Billing

Budgeting

Revenue recognition

Excel

ERP systems

Analytical skills

Communication

Education

Bachelor's degree

Tools

ERP software

Project accounting system

Job description

Compensation: $85-90K (depending on experience)

We are seeking a detail-oriented Project Accountant to manage the financial activities of assigned projects. This individual will partner with project managers and operational teams to oversee project billing, budgets, costs, revenue recognition, and financial reporting.

Key Responsibilities

• Manage project accounting from setup through closeout
• Prepare and process client invoices, including time-and-materials, fixed-price, and cost-plus billing
• Monitor project budgets, costs, revenue, profitability, and cash flow
• Review contracts, change orders, purchase orders, and subcontractor documentation
• Perform revenue recognition and ensure compliance with accounting policies
• Prepare project forecasts and analyze budget-to-actual variances
• Reconcile project-related accounts and prepare journal entries
• Track accounts receivable and follow up on outstanding invoices
• Partner with project managers to identify financial risks and resolve discrepancies
• Support month-end close, audit requests, and financial reporting
• Maintain accurate project records within the accounting system

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field preferred
• 2+ years of project accounting or related accounting experience
• Experience with project billing, budgeting, cost tracking, and revenue recognition
• Strong understanding of general accounting principles
• Proficiency in Microsoft Excel
• Experience with an ERP or project accounting system preferred
• Strong analytical, organizational, and communication skills
• Ability to manage multiple projects and deadlines in a fast-paced environment

Pay and Benefits

Compensation is based on experience. Employees are eligible for Medical, Dental, Vision, and a 401(k) match.