Project Accountant

2 weeks ago

Alexandria, United States Prr Inc Full time

**Job title**:Project Accountant

**Status**: Full Time, remote or hybrid (must reside in MD, DC, or VA)

**Job Classification**: Senior Administrator

**Office Location**: Washington, DC

**Reports to**: Associate Director, Accounting

**Summary**:
PRR is a full-service communications consulting firm, working with government agencies, organizations, and businesses that focus on transportation, public health, and the environment. Our commitment lies in providing a flexible work environment where our team engages with intriguing and challenging projects while integrating their professional aspirations with personal values. If you're seeking a career with a company that not only prioritizes work-life balance, but also leaves a positive imprint on the environment, human well-being, and the communities our clients serve, PRR welcomes you.

As a **Project Accountant**, you play an integral role within our fast-paced, high-volume project accounting team. Your responsibilities involve the comprehensive financial management of a diverse portfolio of projects. Collaboration, effective communication, curiosity, critical thinking to navigate ambiguity, and strong problem-solving skills are the cornerstones of this role.

**Key Responsibilities**:
You'll oversee projects' financial life cycles, spanning setup, budgeting, invoicing, revenue recognition, close-out, and reconciling payables and receivables. You'll also address contract-specific requirements, aligning them with GAAP and/or FAR standards to ensure compliance and financial transparency.

**Billing and Invoicing**
- Prepare, generate, and reconcile invoices accurately in alignment with contract terms, project milestones, and billing schedules.
- Collaborate with project managers, team members, and other relevant stakeholders to gather necessary information for accurate invoicing.
- Build positive relationships internally and externally, addressing billing inquiries promptly and professionally, with a focus on customer service.
- Monitor accounts receivable for each project, follow up on overdue payments.
- Identify opportunities to improve billing efficiency and accuracy.

**Project and Contract Management**
- Review client contracts to ensure that billing terms align with the agreed-upon terms and conditions.
- Collaborate with project managers to algin project budgets with financial objectives, provide support with calculations, spreadsheets, and templates.
- Provide insights into revenue recognition analysis and reconciliations.
- Maintain documentation of project files and financial transactions to ensure compliance with accounting standards, company policies, and contractual obligations.
- Coordinate with PMs and Principals for follow up and additional services or change letters and prepare tailored reports and project analyses as requested by Project Managers and Clients.
- Participate in project close out process and perform additional tasks as assigned.

**Experience/Education**:

- 3+ years relevant experience as a Project Accountant in a project-oriented service firm, with a preference for experience working with government agencies in sectors such as transportation, utilities, or health.
- Experience handling job cost rates and navigating billing rate complexities, including direct labor, overhead, and fee rates, within a government contracting environment and across firm fixed price, lump sum, and time & materials (T&M) contracts.
- Proficiency with Deltek Vision or Deltek VantagePoint is required.
- Advanced proficiency in Microsoft Excel (pivot tables, data validation, advanced formulas, dashboard creation).
- Associate or Bachelor’s degree in Business, Accounting, Finance, or similar field, or an equivalent combination of education and hands-on experience.

**Skills Required**:

- Solid foundation in government contracting in accordance with GAAP and Federal Accounting Rules (FAR) and understanding of overhead audit requirements.
- Strong understanding of contract and accounting principles, methodologies, and practices.
- Excellent stakeholder coordination skills, capable of supporting diverse groups with varying levels of accounting proficiency while managing multiple projects simultaneously.
- High adaptability in fast-paced environments, with a strong focus on time management, detail and accuracy.

**Skills Required**:

- The full salary range for this position is $75,000 - $105,000 per year. _**_We aim to hire new employees between $75,000 - $90,000 _**_(depending on experience) allowing for future compensation growth within the range based on aptitude in the role, context, progress, and performance against goals over time._

PRR offers a benefit suite including:

- Health, dental, and vision insurance for full-time employees and their dependents
- Flexible spending account/dependent care spending account
- Life insurance
- Paid family and medical leave
- Short and long-term disability
- 401(k) plan with discretionary company match
- Empl

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