Project Accountant

TBG | The Bachrach Group; New York (NY); On-site; USD 65,000 - 95,000; Full time

Job summary

An established industry player in Architecture and Planning is seeking a skilled Project Accountant to enhance their financial operations. This role involves managing complex billing processes, ensuring timely invoicing, and maintaining accurate revenue recognition for various projects. The ideal candidate will have extensive experience in project accounting and proficiency in Deltek software. Join a dynamic team where your contributions will directly impact project success and financial integrity. If you are detail-oriented and ready to take on exciting challenges in a fast-paced environment, this opportunity is perfect for you.

Qualifications

• 5+ years of experience in project accounting, particularly in complex billing.
• Proficient in Deltek software for managing project finances.

Responsibilities

• Prepare and issue monthly invoices for all projects, ensuring accurate billing.
• Manage accounts receivable and resolve billing discrepancies effectively.
• Prepare monthly financial reports for project managers and senior management.

Skills

Project Accounting

Billing Management

Revenue Recognition

Cost Tracking

Deltek Software

Tools

Deltek

Job description

A client of ours in the Architecture and Planning industry is seeking a Project Accountant to join their team. The ideal candidate has 5+ years of relevant experience, along with Deltek software experience. Please apply if this role interests you; the client is looking to move quickly!

Responsibilities:

• Prepare and issue monthly invoices for all projects, including complex agency projects such as SCA, TBTA and MTA, ensuring accurate and timely billing based on project milestones, terms of contracts and agreements.
• Manage billing requirements for complex contracts, including progress billing, retainage, and change orders.
• Ensure accurate revenue recognition for each project in accordance with company policies and accounting standards.
• Track and allocate project costs, including labor and subconsultant fees, ensuring they align with project budgets.
• Record all cash receipts and notify relevant staff (PMs, Partners, Principals) when project-related payments are received.
• Manage accounts receivable, track client payments, resolve billing discrepancies, and follow up on overdue payments.
• Review and process subconsultant invoices and ensure timely processing and payment in accordance with contract terms.
• Coordinate with Project Managers to review project financials, billing requests, consultant fee reviews and collections, ensuring alignment on all project-related financial matters.
• Prepare monthly financial reports, including cash flow projections, budget vs. actual analysis, and project status updates for Project Managers and Senior Management.

Seniority Level:

Not Applicable

Employment Type:

Full-time

Job Function:

Accounting/Auditing

Industries:

Architecture and Planning