Project Accountant

IPS-Integrated Project Services; Whitpain Township (PA); On-site; USD 60,000 - 80,000; Full time

Job summary

A leading project management firm in Blue Bell, Pennsylvania seeks a dedicated Project Accountant to effectively manage accounting for construction projects. Responsibilities include overseeing accounts payable and receivable, maintaining documentation, and ensuring compliance with company policies. Candidates should have an associate degree or equivalent experience in construction accounting, along with strong organizational skills and proficiency in financial software. This role requires multitasking and effective communication in a dynamic environment.

Qualifications

• Associate degree required or 3-5 years equivalent experience in construction accounting.
• Strong organizational skills to manage documents and information.
• Proficiency in financial spreadsheet software.

Responsibilities

• Manage accounting functions for assigned projects.
• Set up jobs and contracts in Timberline software.
• Review contracts and monitor payment arrangements.

Skills

Accounting functions

Prioritization

Organizational skills

Multitasking

Effective communication

Financial spreadsheet software

Accounting software

Education

Associate degree or equivalent experience

Bachelor's degree in Accounting or Finance (preferred)

Tools

Microsoft Excel

Timberline Software

Job description

Project Accountant

At IPS, we apply our knowledge, skills, and passion to make a difference in the lives of people, solving complex challenges related to life sciences. We are looking for a dedicated Project Accountant to join our talented team at our headquarters in Blue Bell, Pennsylvania.

Reporting directly to the Project Accounting Manager, you will manage the accounting aspects of the business units and projects effectively and efficiently, with a helpful and friendly attitude of service to all customers. You will also work in conjunction with the Operations Director, Project Manager, Project Engineer, Project Superintendent, and Contract Administrator.

Additional Responsibilities

• Performs all accounting functions relating to assigned projects (e.g., accounts payable, accounts receivable, job costs, etc.).
• Monitors and enforces company policy and procedures about assigned projects.
• Sets up jobs and contracts in Timberline, which includes entering budgets based on an approved schedule of values.
• Records subcontractor commitments provided by the Contract Administrator and approved by the Project Manager/Design Manager, comparing amounts to appropriate line items on the schedule of values.
• Reviews approved subcontractor progress payment applications and reconciles them to previous submissions.
• Reconciles the schedule of values on application to subcontractor commitment.
• Compiles submitted payment requests from subcontractors and suppliers, compares them to Job Cost reports, and includes applicable amounts for general conditions and fees to produce a payment request to be submitted to the owner.
• Reconciles the current request for owner payment to previous submissions.
• Obtains releases of liens from all suppliers and subcontractors for the previous month’s payment before issuing checks for further payment.
• Maintains log-on progress payments and release of liens.
• Maintains an ongoing record of retainage being held on subcontracts/vendors.
• Reviews contracts for release of retainage and notifies the Project Manager of any upcoming releases.
• Monitors special payment arrangements to ensure that time-sensitive payments are made on time.
• Enters owner change orders, changes to estimates, subcontracts, subcontractor change orders, and purchase orders.
• Performs Job close-out duties, including reconciling commitments, archiving files, and closing the job in the system.
• Provides A/R Collection information to management.

Qualifications & Requirements

• Associate degree required or 3-5 years equivalent experience, including 1 year minimum in construction accounting.
• Ability to effectively prioritize time and meet deadlines.
• Highly reliable with strong organizational skills to manage a large amount of documents and information.
• A sense of urgency with the ability to multitask and ability to meet multiple deadlines.
• Ability to communicate effectively both verbally and in writing.
• Proficiency in working with and reading financial spreadsheet software (Microsoft Excel), Accounting software (Timberline Software), and Microsoft software.

Preferred Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.

All qualified applicants will receive consideration for employment at IPS without regard to race, creed, color, religion, national origin, sex, age, disability, sexual orientation, gender identity or expression, genetic predisposition or carrier status, veteran, marital, or citizenship status, or any other status protected by law. IPS is proud to be an affirmative action and equal opportunity employer.