Project Accountant

Aventia; Madison (NJ); On-site; USD 85,000 - 110,000; Full time

Benefits offered by this job

Competitive salary package

401(k) matching

Medical, dental, and vision coverage

Employer paid life and disability ins.

Nine paid holidays and PTO

Continuing education and development

Job summary

Aventia in Madison, NJ is seeking a highly motivated Project Accountant to evaluate project profitability and manage costs and revenue across projects. You will ensure accurate P&L calculations and communicate financial performance to project management.

Responsibilities include budgeting, invoicing, variance analysis, and preparing financial reports. Strong Excel skills and experience with Deltek Vantagepoint are preferred, along with 5+ years in project accounting and excellent communication.

Qualifications

• Bachelor's degree in accounting, business, finance, or related field
• 5+ years of project accounting or related financial experience
• Experience with Deltek Vantagepoint preferred
• Proficiency in MS Excel, including pivot tables and formulas
• Strong analytical and problem-solving skills
• Effective communication and interpersonal skills
• Ability to work collaboratively and meet deadlines in a dynamic project environment

Responsibilities

• Monitor and analyze project financial data, including revenue, expenses, and profitability
• Identify trends, cost overruns, and financial risks to provide early insights to project managers
• Generate financial reports and dashboards to provide the project team with a clear understanding of project financial performance
• Prepare regular financial summaries and variance analyses
• Partner with the project manager and project team to establish the project budget and update budgets as needed
• Prepare and submit accurate invoices to clients based on milestones and contracts
• Verify contract and change order characteristics for moderately complex projects
• Maintain effective communication with clients regarding billing and financial inquiries
• Maintain accurate and organized financial records and supporting documentation
• Attend project meetings to inform the team of status and follow up on actions
• Stay updated on best practices in project accounting and suggest improvements

Skills

MS Excel

Pivot Tables

VLOOKUP

Financial Analysis

Education

Bachelor's degree in accounting, business, or finance

Tools

Deltek Vantagepoint

Job description

AVENTIA h as an amazing opportunity for a highly motivated, skilled Project Accountant!

What We’re Looking For

The Project Accountant plays a crucial role in evaluating project profitability and ensuring the financial health of projects. This role manages the collection, recording, and allocating of project costs and revenue, ensuring accurate project profit and loss calculations, and communicating project financial performance and profitability to project management.

Key Responsibilities For Project Accountant

• Monitor and analyze project financial data, including revenue, expenses, and profitability.
• Identify trends, cost overruns, and financial risks to provide early insights to project managers.
• Generate financial reports and dashboards to provide the project team with a clear understanding of project financial performance, identify items that need escalated for review by senior management as necessary.
• Prepare regular financial summaries and variance analysis reports.
• Partner with the project manager and project team to establish the project budget, updating budgets, and making project accounting recommendations as needed when contract modifications or budget changes arise.
• Prepare and submit accurate and timely invoices to clients based on project milestones, terms, and contracts.
• Authorize access to project accounts, and the transfer of expenses into and out of project-related accounts in compliance with established accounting practices and guidelines.
• Verify contract and change order characteristics for projects that are of a moderate level of complexity, including reading and interpreting contract language, method of compensation, modifications, purchase orders, and subcontract/consultant terms.
• Maintain effective communication with clients regarding billing, payments, and financial inquiries.
• Maintain quality control standards and procedures for generating accurate and precise project-related financial records.
• Ensure compliance with accounting standards, company policies, and client agreements.
• Maintain accurate and organized financial records, contracts, and supporting documentation.
• Monitor key indicators for managing and analyzing problem projects, keeping project managers and/or senior management informed on any noted concerns.
• Subcontract management and coordination include evaluating subconsultant invoice submittals for accuracy, establishing and maintaining purchase orders of subconsultants and examines subcontractor payment requests with accounts payable.
• Attending project related meetings to inform the team regarding the current status of project financials, articulating problem projects, and following up on any identified actions as discussed.
• Stay updated on best practices in project accounting and suggest improvements to streamline processes and enhance financial management.

Qualifications

WHAT YOU’LL NEED

Applicants Must Have

• Bachelor's degree in accounting, Business, Finance, or a related field (or demonstrated proven equivalent experience)
• At least 5 years Previous experience in project accounting or related financial roles.
• Experience in Deltek Vantagepoint preferred.
• 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
• Strong analytical and problem-solving skills.
• Excellent attention to detail and organization.
• Effective communication and interpersonal skills.
• Ability to work collaboratively and meet deadlines in a dynamic project environment.

What You’ll Get

As a member of our Team, you are eligible to participate in our comprehensive compensation package including:

• A competitive annual salary based upon the experience and qualifications of the selected candidate.
• Participation in our matching 401(k) Savings Plan
• Medical, dental, and vision coverage
• Employer paid life and disability insurances.
• Nine paid holidays and Paid Time Off (PTO).
• Continuing education and professional development opportunities