Project Accounting Lead

4 weeks ago

Chicago, Illinois, United States T.Y. Lin International Full time

TYLin is a globally recognized, full-service infrastructure consulting firm committed to providing innovative, cost-effective, constructible designs for the global infrastructure market. With over 3,000 employees throughout the Americas, Asia, and Europe, the firm provides support on projects of varying size and complexity. Together, we enhance conventional designs with smarter, more resilient systems. We provide people with better mobility. We steward precious resources by finding more sustainable solutions.

Job Summary
We are seeking a Project Accounting Lead to join our growing team in a remote or hybrid position.
Responsibilities & Qualifications

DUTIES AND RESPONSIBILITIES:

  • Prepare, distribute and maintain regional and area financial reports and provide analysis to VP Finance, Sector Leads and Area Managers as needed.
  • Assist and/or prepare Annual Plans and Quarterly Forecast for assigned Sector.
  • Review of General Overhead, Promotional & Business development costs weekly and monthly for accuracy.
  • Hire, train and mentor Project Accountants in Sector on all aspects related to project accounting, including but not limited to Vision project setup, contract review, billing setup and policies and procedures.
  • Provide bottoms-up assessment of staff skillset, responsibilities and proposed role re-definition.
  • Supervise all Project Accountants/Cost Analyst/Billers in Sector.
  • Train Project Accountants to better understand project accounting and compliance related to TYLI policies. Ensure revenue is recognized in accordance with TYLI policy and FASB ASC 606.
  • Identify and implement process improvements needed to support project reporting and accounting operations.
  • Maintain billing process and procedure checklist for all projects in Sector.
  • Coordinate the review all Project setup and modification forms (PSUMF) and contract prior to submission each month. Consolidate and review paperwork for Sales for Regions.
  • Review all new project billing term setup to ensure accuracy and utilization of Vision billing module capabilities. Train as needed.
  • Recommend and implement agreed process improvements to the billing cycle.
  • Assist Project Accountants and Project Managers with monthly project variances and resolution of issues. Notify Corporate of any material issues as needed.
  • Audit Project folder documentation in appropriate network drive folders for all projects. Ensure appropriate documents, including PSUMFs, consultant agreement & invoices, and monthly invoices are saved and filed in accordance with standard procedures. Perform audits to ensure all documentation is properly stored.
  • Review and consolidate all Project Accountants' explanations for monthly financial reports including but not limited to Project Status reports, Work in Process (WIP), A/R status, Revenue Variance, and Revenue over ceiling. Evaluate and report to Corporate any potential issues on WIP balances.
  • Assess quality of risks and opportunities supplied by the Sectors, identify gaps, and ensure consistency.
  • Review Accounts Receivable aging for Sector/Area with Project Accountants and address any delinquent receivables with Sector Lead and Area Managers as needed. Evaluate and report to Corporate for Bad Debt Allowance.
  • Perform additional assignments, as directed by the VP, Finance.

QUALIFICATIONS:

  • Bachelor's degree in Accounting with a minimum of at least 8 years project cost accounting.
  • Supervisor experience required. Ability to manage and lead remote employees.
  • Excellent communication skills, written and verbal required.
  • Experience in Architecture/Engineering consulting industry highly desired.
  • Deltek Vision software knowledge is a plus.
  • Requires excellent 360-degree communication skills and the ability to multitask.
  • Client focused, always striving to give clients the best solutions.
  • Strong commitment to innovation by creating new and better ways to solve clients' toughest challenges.
  • High levels of integrity, always doing the right thing in an ethical, fair, and sustainable way.
  • Demonstrated experience of collaboration in a diverse and inclusive team, working together toward technical excellence.
Additional Information

TYLin offers a comprehensive total rewards package. Our benefits include extensive medical, disability and life insurance coverage, continuing education benefits, paid time off, employee assistance program and a retirement savings plan with company matching contributions.

We encourage all candidates to explore our total rewards offering.

TYLin is an equal opportunity employer, and we prohibit discrimination and harassment of any type as protected by federal, provincial, state or local laws. We celebrate diversity and are committed to creating an inclusive environment for all employees. The company and its employees are required to comply with all local health authority, legal or lawful client requirements.

TYLin offers a comprehensive total rewards package. Our benefits include extensive medical, disability and life insurance coverage, continuing education benefits, paid time off, employee assistance program and a retirement savings plan with company matching contributions.

We encourage all candidates to explore our total rewards offering.

TYLin is an equal opportunity employer, and we prohibit discrimination and harassment of any type as protected by federal, provincial, state or local laws. We celebrate diversity and are committed to creating an inclusive environment for all employees.The company and its employees are required to comply with all local health authority, legal or lawful client requirements.

T.Y. Lin International is an equal opportunity employer and we prohibit discrimination and harassment of any type as protected by federal, state, or local laws. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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