Project Accountant

Project Accountant

The Project Accountant will be a key player in our company’s financial management, specifically focusing on project costing and forecasting. Your responsibilities will include overseeing project financial health, ensuring precise and timely reporting, and maintaining strict adherence to budgetary guidelines, processes, and procedures. Collaborating closely with project managers, operations, leadership, and the finance team, you will monitor budgets, manage expenses, and maintain financial oversight.

Your attention to detail and solid understanding of accounting principles will be essential in effectively managing project finances and fostering collaboration with stakeholders.

• Conduct Detailed Financial Analysis:
  • Analyze financial reports, records, and data to ensure accuracy and integrity.
  • Regularly review job cost reports and project cost tracking reports, comparing them with monthly budgets. Make necessary adjustments as directed by Project Managers.
  • Prepare comprehensive final project cost tracking reports upon project completion.
• Budget Management:
  • Enter and manage project budgets provided by the estimating department and project team.
  • Record and manage approved owner contract change orders.
• Financial Decision Support:
  • Collect, analyze, investigate, and report financial data to support informed decision‑making.
  • Participate actively in financial discussions and contribute insights.
• Owner Contract Reviews:
  • Conduct thorough reviews of owner contracts to ensure compliance and understanding.
• Project AIA Pay Applications:
  • Manage the issuance of monthly project AIA pay applications to owners or their representatives, ensuring all contractual obligations are met.
  • Oversee the posting of approved invoices to job cost, including the allocation and release of retainage. Ensure timely payments to subcontractors.
• Data Integrity and Responsibility:
  • Assume responsibility for the integrity of financial information generated from your areas of responsibility.
  • Maintain accurate records and uphold data confidentiality.
  • Ensure compliance with established procedures.
• System Understanding:
  • Develop an overall understanding of CMiC, ePort, Textura and all other financial project systems.
  • Ensure seamless integration of financial processes across systems.
  • Utilize computer software, BI, BOE and Excel to perform accounting functions efficiently and accurately.
• Financial Closing and Audits:
  • Support the monthly and yearly financial closing processes.
  • Assist in the preparation of audit backup and providing necessary documentation and support.
• Collaboration and Continuous Learning:
  • Collaborate with Project Managers, clients, and other project team members to ensure accurate financial information exchange.
  • Cross‑train within the Finance department to provide backup and support as needed.
  • Engage in continuous learning to stay informed about Wohlsen and accounting profession standards, policies, and guidelines.

• Reports to the Controller – Project Accounting
• Collaborates and works closely with Project Managers, clients, and other project team members to ensure accurate financial information exchange.

• Adjust project budgets based on analysis and collaboration with Project Managers and Leadership team members.
• Ensure accuracy of financial data and aid in decision‑making processes.
• Provide guidance on accounting matters, work within company policies, and assist with audits.

• Ensuring the integrity of financial information generated from areas of responsibility.
• Oversee and manage project budgets to ensure financial activities adhere to allocated funds.
• Generate accurate financial reports and forecasts for strategic planning and informed decision‑making.
• Manage billing and invoicing, maintaining cash flow and ensuring correct client billing.
• Conduct cost analyses to evaluate project profitability and inform decisions on project direction.
• Maintain compliance with financial regulations, processes, and procedures to protect project integrity.
• Collaborate with project managers and teams to align financial strategies with project objectives.
• Manage all financial transactions, including accounts…