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Project Accountant

2 months ago

Neptune City, New Jersey, United States Automated Control Concepts LLC Full time
Job Description

Job Summary:

We are seeking a detail-oriented and analytical individual to join our finance team as a Project Accountant. The ideal candidate will have experience in project finance and revenue recognition in a growing technology company environment.

About Us:

Automated Control Concepts LLC is an independent systems integrator specializing in process control, manufacturing intelligence, cyber security, and industrial networking. We provide services and solutions from initial requirements definition and system design through the implementation and commissioning of plant-wide systems.

Our Commitment:

We strive to create lasting relationships built on quality, service, and responsiveness with our customers. Our commitment to building long-term relationships is the cornerstone of our business.

Key Responsibilities:

  • Project Costing: Collaborate with project managers and other stakeholders to establish accurate project budgets and cost estimates. Monitor and analyze project costs throughout the project lifecycle, identifying variances and implementing corrective actions as needed.
  • Cross-Functional Collaboration: Collaborate with cross-functional teams, including operations, procurement, and project management, to support cost-related initiatives and provide financial insights to drive informed decision-making.
  • Revenue Recognition: Ensure compliance with revenue recognition standards by accurately recognizing revenue and associated costs for projects. Review contracts and project agreements to determine appropriate revenue recognition methods and timelines.
  • Financial Analysis: Conduct financial analysis of projects, including profitability analysis, margin analysis, and variance analysis. Provide insights and recommendations to management to optimize project profitability and resource allocation.
  • Financial Reporting: Prepare and analyze financial reports related to project performance, including project P&L statements, cost-to-complete reports, variance analysis, budget vs. actuals reports, and cash flow projections.
  • Budgeting and Forecasting: Assist in the development of project budgets and forecasts. Collaborate with project managers and other stakeholders to provide financial guidance and support throughout the project lifecycle.
  • Cost Control: Implement and maintain cost control procedures to monitor project expenses and mitigate risks. Recommend and implement process improvements to enhance efficiency and accuracy in cost accounting processes.
  • Process Improvement: Continuously evaluate and improve project accounting processes and procedures to enhance efficiency, accuracy, and control. Identify opportunities for automation and streamlining of workflows.
  • ERP System Management: Utilize ERP system to record project-related transactions, maintain project budgets and forecasts, and generate relevant financial reports.
  • Compliance and Audit Support: Ensure compliance with accounting principles, company policies, internal controls, and regulatory requirements related to project accounting and revenue recognition. Support internal and external audits by providing documentation and explanations as needed.

About You:

  • Bachelor's degree in Accounting, Finance, or related field.
  • 3-5 years of experience in job costing, project finance, or related roles.
  • Strong understanding of revenue recognition principles.
  • Strong analytical skills with attention to detail and accuracy.
  • Proficiency in cost accounting principles, financial analysis, and reporting.
  • Excellent communication and interpersonal skills, with the ability to collaborate effectively across teams.
  • Ability to work effectively in a fast-paced and collaborative environment.
  • Proven ability to drive process improvements and implement best practices.
  • Proven ability to prioritize tasks, meet deadlines, and adapt to changing priorities in a fast-paced environment.