Project Accountant I

Collins Engineers, Inc.; Chicago (IL); On-site; USD 70,000 - 95,000; Full time

Benefits offered by this job

Relocation assistance

Job summary

Collins Engineers, Inc. is seeking a Project Accountant to oversee all accounting functions and job administration for assigned projects in the Chicago area. You will work closely with Project Managers to monitor progress, investigate variances, and ensure timely billings and collections.

You report to the Project Accounting Manager and Controller. The role involves project set-up, cost/schedule monitoring, understanding contract terms, handling accounts receivable, invoicing on various bases,

Responsibilities

• Responsible for project set-up and maintenance, which includes: contract review; subcontract review; cost proposal/project budget review/revision; project number creation and budget entry; billing guideline formation; billing government and private clients; and providing subcontractors with invoice due dates.
• Responsible for project cost/schedule monitoring, which includes: monitoring of actual vs. financial percent completes; provide suggestions for proactive cost control improvements; monitor employee hours charged to projects on a weekly basis; attend monthly project reviews with Regional Managers and Project Managers; and monitor of subcontractor invoices/payments against the contract terms.
• Responsible for understanding the areas of compensation and payment clauses; overhead rates; revenue enhancers, and other portions of contracts, which includes basic contract language; flow down provisions from the prime/DB/owner contract.
• Responsible for accounts receivable, which includes making regular collections calls to assigned clients.
• Prepares invoices for all assigned projects on a monthly, interim and milestone basis.
• Assists Project Manager in closing projects and contracts once project is complete and all costs are billed and collected.
• Assists with month-end reconciliations.
• Assists in reviewing, tracking and posting in-house direct expense items.
• Perform special projects as needed.
• Other duties may be assigned.
• Relocation is available

Job description

The Project Accountant is responsible for overseeing all accounting functions and job administration for assigned jobs. The Project Accountant works closely with Project Managers to monitor progress of projects, investigate variances, and ensure all project billings are issued to customers and payments are collected. Reports to the Project Accounting Manager and Controller.

Typical Duties And Responsibilities

• Responsible for project set-up and maintenance, which includes: contract review; subcontract review; cost proposal/project budget review/revision; project number creation and budget entry; billing guideline formation; billing government and private clients; and providing subcontractors with invoice due dates.
• Responsible for project cost/schedule monitoring, which includes: monitoring of actual vs. financial percent completes; provide suggestions for proactive cost control improvements; monitor employee hours charged to projects on a weekly basis; attend monthly project reviews with Regional Managers and Project Managers; and monitor of subcontractor invoices/payments against the contract terms.
• Responsible for understanding the areas of compensation and payment clauses; overhead rates; revenue enhancers, and other portions of contracts, which includes basic contract language; flow down provisions from the prime/DB/owner contract.
• Responsible for accounts receivable, which includes making regular collections calls to assigned clients.
• Prepares invoices for all assigned projects on a monthly, interim and milestone basis.
• Assists Project Manager in closing projects and contracts once project is complete and all costs are billed and collected.
• Assists with month-end reconciliations.
• Assists in reviewing, tracking and posting in-house direct expense items.
• Perform special projects as needed.
• Other duties may be assigned.
• Relocation is available