Project Accountant
Schaumburg, IL
Full Time
Finance and Accounting
Experienced
PROJECT ACCOUNTANT – MOTIVATION EXCELLENCE
COMPANY CULTURE
Fun. Innovative. Understanding. It’s in our DNA.
We are committed to being an ‘Employer of Choice.” As we strive to exceed our employees’ expectations, we are committed to treating each individual with dignity and respect. We value our employees because they are our competitive advantage. Our employees’ talents, character, and commitment to excellence are our strengths. We are committed to providing equal opportunities to grow and develop the talents and skills necessary for our team to be successful. We encourage an entrepreneurial attitude that generates mutual trust and respect, which promotes the entire team’s competitive spirit. It is a constant process that requires commitment and hard work from every employee to sustain success. Because our expectations are high, the rewards we enjoy are exceptional. We are committed to providing a fun and professional work environment with benefits that enrich the lives of our employees and their families.
POSITION MISSION
Responsible for company-wide accounts receivable processing and project accounting including budgeting, reconciling, analytics, and reporting. This person is responsible for the safeguarding of company assets by ensuring accuracy and timeliness of all financial transactions. The ideal candidate will have a strong background in accrual accounting, a passion for delivering accurate and timely financial information, and a commitment to excellence.
ACCOUNTS RECEIVABLE ESSENTIAL FUNCTIONS:
- Utilizing information from various sources, compile and submit billing invoices to clients paying close attention to individual cost items and client specific details.
- Maintain and stay up to date with billing schedules and collections.
- Communicate with customers and manage customer contact information and payment methods within the accounting system.
- Create reports to provide management with collection data, aging schedules, and other information as they relate to customer receivables, program billing and revenue recognition.
- Maintain financial database by posting necessary journal entries and generating month end reconciliation reports for monthly close.
- Responsible for daily cash reporting, bank reconciliations, petty cash management and updating cash flow reports.
PROJECT ACCOUNTANT ESSENTIAL FUNCTIONS:
- Ensure accurate tracking and reporting of project costs, including labor, overhead, materials, and expenses.
- Maintain all revenue recognition and work in progress calculations according to company policy and journal requirements.
- Manage accounts payable and receivable for the project including all project billing, invoicing, and expenses.
- Collaborate with project teams to provide timely and accurate financial information.
- Develop and maintain project cost analysis and profitability assessments including margin and mark-up.
- Prepare and analyze monthly project financial statements.
- Participate in the development and implementation of financial policies and procedures.
- Perform ad-hoc financial analysis as needed.
CRITICAL SKILLS/KNOWLEDGE
- Advanced knowledge of accrual accounting principles, with emphasis on accounts receivable, job costing and reporting in accordance with GAAP principles.
- Sophisticated computer skills and experience with Sage Intacct or other comparable ERP with project tracking capabilities.
- Highly proficient with Microsoft Office Suite utilizing Teams, excel and other standard functionalities.
- Core competencies:
- Willingness to work as part of a team and communicate effectively with colleagues and customers.
- Strong written and oral communication skills.
- Strong organizational skills and ability to multitask.
- Excellent analytical and problem-solving skills with high level attention to detail and accuracy.
- Effectively handle multiple projects with tight deadlines simultaneously.
- Excellent use of judgment and discretion.
- Ability to work independently and as part of a team.
- Experience with budgeting, forecasting and financial reporting.
- Bachelor's degree in accounting or related field.
- Minimum of 5 years of experience in project accounting.
Annual Salary – Up to $65,000
If you are committed to professional excellence, we want to hear from you. We offer a competitive salary and excellent benefits in a fast-paced, entrepreneurial, energetic, fun, business casual environment.
EOE
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