Project Accountant

2 weeks ago


Grand Rapids, United States Creative Financial Staffing Full time

Overview: Our client is seeking a meticulous and experienced Project Accountant to join their construction team. The ideal candidate will possess a strong understanding of accounting principles, particularly as they relate to project-based accounting within the construction industry. The Project Accountant will play a crucial role in ensuring accurate financial reporting, budgeting, and cost control for various construction projects. This position requires excellent analytical skills, attention to detail, and the ability to work collaboratively across multiple teams.

Responsibilities for Project Accountant:

  1. Financial Reporting:

    • Prepare and analyze financial statements, including profit and loss statements, balance sheets, and cash flow statements for individual construction projects.
    • Ensure accuracy and completeness of financial data, adhering to relevant accounting standards and regulations.
    • Provide timely and insightful financial reports to project managers and senior management.
  2. Budgeting and Forecasting:

    • Assist in the development and monitoring of project budgets and forecasts.
    • Track project expenses and compare them to budgeted costs, identifying variances and potential risks.
    • Collaborate with project managers to update budgets and forecasts as needed based on project progress and changes.
  3. Cost Control:

    • Monitor project costs throughout the construction lifecycle, identifying cost-saving opportunities and potential cost overruns.
    • Review and approve project-related invoices, ensuring accuracy and compliance with contractual agreements.
    • Work closely with procurement and subcontractors to manage costs effectively.
  4. Project Accounting:

    • Maintain project-specific accounting records, including job cost ledgers and general ledger entries.
    • Allocate project costs accurately to ensure proper accounting treatment.
    • Reconcile project-related accounts and resolve discrepancies in a timely manner.
  5. Financial Analysis:

    • Conduct financial analysis to support decision-making processes related to project investments, resource allocation, and pricing strategies.
    • Prepare ad-hoc financial reports and analysis as requested by management.

Qualifications for Project Accountant:

  • Bachelor's degree in Accounting, Finance, or related field preferred or Associates
  • Minimum of 2 years of experience in project accounting within the construction or engineering industry.
  • Proficiency in accounting software and Microsoft Excel.
  • Strong understanding of project accounting principles, cost management, and financial analysis techniques.
  • Excellent analytical skills with the ability to interpret financial data accurately.
  • Effective communication and interpersonal skills, with the ability to collaborate effectively across teams.
  • Detail-oriented and organized, with a commitment to accuracy and quality.
  • Ability to prioritize tasks and meet deadlines in a fast-paced environment.

*This is an onsite role in Michigan*

#INMAR2024 #INAPR2024

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