The Project Accountant is responsible for managing the financial aspects of assigned projects, ensuring accurate financial reporting, budgeting, and compliance with relevant regulations. This role involves close collaboration with project managers, accounting team, and other stakeholders to support the successful financial management of projects from inception to completion.
Essential Duties and Responsibilities
- Oversee and manage all financial aspects of assigned projects
- Prepare, monitor, and update project budgets and forecasts
- Ensure timely and accurate billing and revenue recognition
- Oversee monthly project progress billings by tracking lien releases, manage payment schedules, and input & manage payment platforms for client project management (Textura/Kahua/Project Mates)
- Collaborate with Project Managers in maintaining/updating all aspects of the project in Procore (i.e. direct cost coding, process change orders, input subcontractor invoices, etc.)
- Manage project-related cash flow, including invoicing and collections
- Prepare and present financial reports to project managers and senior management
- Provide regular updates on project financial status, including variance analysis and financial risks
- Ensure compliance with internal controls, policies, and procedures
- Monitor project expenses and ensure they are within budget
- Review and approve project-related invoices and purchase orders
- Identify and address cost-saving opportunities
- Assist with internal and external audits related to project finances
- Maintain accurate and organized financial records for all assigned projects
- Work closely with project managers to provide financial guidance and support
- Collaborate with the accounting team to ensure alignment with overall company financial goals
- Assist in the development and implementation of financial processes and systems
- Other miscellaneous responsibilities as needed
