Senior Project Accountant

The Intersect Group; Phoenix (AZ); On-site; USD 65,000 - 90,000; Full time

Job summary

The Intersect Group is seeking a Project Accountant in Phoenix to manage project accounting, track costs, update project cost estimates, and support project managers and the Finance department to ensure accurate costs and timely invoicing.

You will work with the Project Manager to keep WIP up-to-date for each job, reconcile costs and revenues, and assist in budgets and forecasts, contributing to compliant financial reporting.

Responsibilities

• Perform job setup, control and maintenance activities.
• Support payroll project coding administration.
• Review and correct coding for all job costs.
• Perform month-end activities including cost accruals and revenue recognition.
• Generate and analyze financial reports including open/received PO reports and job cost summaries.
• Maintain accounting records for each project and equipment.
• Prepare, analyze, and report project financial information on revenue and costs.
• Participate in operations meetings to ensure policy compliance.
• Review contract terms for revenue recognition and billing requirements.
• Manage documentation and approvals for project change orders and reconcile with contract amounts.
• Review invoices with stakeholders and resolve issues.
• Assist PMs in updating budgets and cost-to-complete; develop forecasts.
• Reconcile and analyze completed jobs to ensure cost/revenue accuracy.

Job description

The primary purpose of the Project Accountant is to be responsible for accounting for individual major projects including tracking costs and updating project cost estimates. Working with the Project Manager and Finance department, this role will ensure that project costs are accurate, WIP is up-to-date for each job and that invoices are prepared accurately and on timely basis.

ESSENTIAL DUTIES AND RESPONSIBILITIES

• Perform job set up, control and maintenance activities.
• Support the administration of payroll project coding.
• Review and correct coding for all job related costs.
• Perform month end activities including cost accruals, revenue recognition, variance investigation, open PO analysis and reconciliation of applicable balance sheet accounts.
• Generate and analyze financial reports including open and received Purchase Order reports and job cost summaries
• Maintain accounting records for individual projects and equipment
• Prepare, analyze, and report project financial information relating to revenue and costs
• Participate in operations meetings to provide guidance and feedback to ensure compliance with policies and procedures
• Review terms of contracts for revenue recognition and billing requirements
• Manage documentation and approvals for project change orders and reconcile revenue against contract amounts and change orders
• Review invoices with stakeholders and resolve issues
• Assist project managers in updating project budgets and cost to complete.
• Assist project managers in the development of project forecasts
• Reconciliation and analysis of completed jobs, ensuring accuracy of costs and revenues
• Participate in the development and maintenance of monitoring and reporting procedures
• Coordinate efforts with accounts payable, accounts receivable and payroll to ensure efficient processing in these areas