Project Accountant I

Farnsworth Group; Champaign (IL); On-site; USD 55,000 - 81,000; Full time

Benefits offered by this job

401(k) with Company Match

Medical/Dental/Vision Insurance

Flexible Spending / Health Savings

Disability insurance

Parental leave

Professional development

Mentoring program

Paid time off

Wellness reimbursements

Pet insurance

Hybrid work program

Job summary

Farnsworth Group is seeking a Project Accountant to work with the Project Accounting Manager and Project Managers to ensure accurate billing, revenue recognition, and project cost control. You will support client invoicing, AR follow-up, and month-end close for project accounts.

The role requires a Bachelor’s degree in Accounting or related field and 3–8 years of progressive accounting experience, with emphasis on project-based billing and ERP systems.

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field.
• 3-8 years of progressive accounting experience.
• Strong billing and general ledger accounting skills.
• Experience with Microsoft 365; Excel skills, a plus.
• Architecture/Engineering industry experience preferred.
• Deltek Vision or VantagePoint experience, a plus.
• Experience with project-based billing preferred.

Responsibilities

• Prepare and process client invoices in accordance with contract terms (lump sum, T&M, cost-plus, unit price).
• Review draft invoices for accuracy, completeness, and contract compliance prior to submission.
• Monitor accounts receivable and follow up on outstanding invoices.
• Support month-end revenue recognition and WIP reporting.
• Review project-related expenses and payables.
• Assist with maintaining accurate project budgets and cost tracking.
• Assist Project Managers in monitoring project financial performance against budget (EAC/ETC).
• Identify and communicate budget variances, overruns, or billing discrepancies to Project Managers.
• Generate standard and ad hoc project financial reports for Project Accounting Manager and Project Managers.
• Assist with month-end and year-end close activities related to project accounts.
• Support preparation of project financial data for audits, client requests, or contract compliance.
• Ensure project setup and modifications processed accurately in the ERP system.
• Maintain organized project financial records and documentation.
• Create and/or review new client records as appropriate.
• Maintain client related documentation, including MSAs and ensure implementation and execution of project accounting and revenue policies.

Skills

Billing & GL

Attention to detail

Communication skills

Multitasking

Project billing experience

Education

Bachelor’s degree in Accounting, Finance, or related field

Tools

Deltek Vision / VantagePoint

Job description

Farnsworth Group is seeking a Project Accountant. In this role, you will work closely with our Project Accounting Manager and Project Managers to ensure smooth project execution and control activities.

What You’ll Do:

Project Billing & Revenue

• Prepare and process client invoices in accordance with contract terms (lump sum, T&M, cost-plus, unit price)
• Review draft invoices for accuracy, completeness, and contract compliance prior to submission
• Monitor accounts receivable and follow up on outstanding invoices
• Support month-end revenue recognition and WIP (work-in-progress) reporting

Project Financial Management

• Review project-related expenses and payables
• Assist with maintaining accurate project budgets and cost tracking
• Assist Project Managers in monitoring project financial performance against budget (EAC/ETC)
• Identify and communicate budget variances, overruns, or billing discrepancies to Project Managers

Reporting & Analysis

• Generate standard and ad hoc project financial reports for Project Accounting Manager and Project Managers
• Assist with month-end and year-end close activities related to project accounts
• Support preparation of project financial data for audits, client requests, or contract compliance

Compliance & Documentation

• Ensure project setup and modifications processed accurately in the ERP system
• Maintain organized project financial records and documentation
• Create and/or review new client records as appropriate.
• Maintain client related documentation, including MSAs and ensure implementation and execution of project accounting and revenue policies.

What You’ll Need:

• Bachelor’s degree in Accounting, Finance, or related field required
• 3-8 years of progressive accounting experience
• Strong billing and general ledger accounting skills
• Experience with Microsoft 365; Excel skills, a plus
• Strong attention to detail and organizational skills
• Effective written and verbal communication skills
• Ability to manage multiple priorities in a deadline-driven environment
• Architecture/Engineering industry experience preferred
• Deltek Vision or VantagePoint experience, a plus
• Experience with project-based billing preferred

Compensation to be determined by the education, experience, knowledge, skills, and abilities of the applicant, as well as internal and external equity.

Illinois Pay Transparency

$55,000—$81,000 USD

Who We Are:

Join Farnsworth Group, a nationally recognized architectural engineering and surveying firm where your career can thrive! For eleven consecutive years, we’ve been certified as a Great Place to Work®, and our engineers, architects, surveyors, and scientists channel their passion and expertise into making meaningful contributions to the world around us. With more than 650 talented professionals across 24 offices, we collaborate with clients ranging from small communities to some of the world’s largest brands. Our success is built on our people - their passion, creativity, and commitment to excellence. Here, you’ll find a supportive culture that champions your growth, embraces challenges, values work-life balance, and empowers you to make a lasting impact for our clients and communities. Join us and move your career forward.

A Great Place to Work Certified

For eleven consecutive years, Farnsworth Group has earned the prestigious Great Place to Work® certification—thanks to our employees! Each year, our staff participate in a survey administered by the Great Place to Work organization, measuring perceptions of credibility, respect, pride, fairness, and camaraderie. The results are benchmarked against the nation’s leading companies, and only top performers receive the certification. Insights from the survey help us continually enhance our work environment and foster a culture that makes Farnsworth Group an even greater place to work.

Full-time regular employee benefits and perks include:

• 401(k) with 100% Company Match up to 5%
• Medical/Dental/Vision Insurance Plans
• Flexible Spending and Health Savings Accounts
• Short & Long-Term Disability
• Maternity and Paternity Leave
• Professional Development and Training
• Mentoring Program
• Paid Time Off
• Wellness/Fitness Reimbursements
• Pet Insurance Plan
• Hybrid Work Program (for eligible roles)

Statement on Diversity and Inclusion:

Farnsworth Group is a collection of employees with unique backgrounds and perspectives that all come together to make us a better Company. It is our goal to recruit, hire, develop, retain, and promote a diverse group of people. Join us…and let’s make a difference, together.

Farnsworth Group, Inc. is proud to be a M/F Disabled and Veteran EEO/AA employer.