Oct 08, 2021

Project Accountant

  • OneTrust
  • Liverpool, NY, United States

✍🏾Job Description

Onsite training t hen remote work options

Project accounting is part of Business Finance and are responsible for tracking financial components of a project (e.g., budgets, estimates, costs, bookings and billing), and allows teams to see the cost, schedule, resources, and financial components of a project in one place. A project accountant monitors the progress of projects, investigates variances, and ensures that project billings are issued to customers. Responsibilities include:

  • Set up complex projects in Customer Relationship Management (CRM) and Maconomy in accordance with the contract, customer and local Primary Business Unit (PBU) requirements
  • Create/update project specific prices or billing rates
  • Communicate with Project Controllers (PCs) and Project Managers (PMs) about percentage of completion (POC) and project budget based on input from PM or Project Owner and perform detailed project reviews
  • Handling of services in relation to vendor, project purchasing and commerce module
  • Transfer or reallocations of hours between projects based on input from PM
  • Invoicing, which includes understanding contractual obligations in relation to invoice layout or terms and conditions, knowledge of local legal requirements for invoice presentation and information, preparing draft invoices including back up documentation for the client
  • Follow up on projects with no invoices in the month and obtain reasons from project managers for not invoicing
  • Processing of invoices in line with contract and send invoices to the customer
  • Perform project maintenance to ensure appropriate revenue recognition (e.g., budget maintenance, zero-invoices, unbilled allocations).
  • Receive, archive and follow-up on contracts

Job Requirements:
    • Strong understanding of the billing process and systems
    • Excellent organizational and time management skills
    • Critical thinking with attention to detail; strong analytical skills
    • Demonstrated experience meeting multiple deadlines
    • Proficiency in Office 365
    • Able to work with a minimum of supervision while understanding the necessity for communicating and coordinating work efforts with stakeholders

    Basic qualifications:

    •   experience in contract accounting for professional services billing
    • 2-year accounting or finance degree, Bachelor’s degree in Finance or Accounting preferred; equivalent experience considered in lieu of degree
    • Experience with Deltek or similar Enterprise Resource Planning (ERP) system a plus

    Preferred qualifications:

    • Excellent interpersonal skills
    • Strong communication skills, particularly written communication
    project cost/commitment analysis/reporting and support to management