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