Senior Project Accountant Location: Washington, DC or Baltimore, MD/Hybrid Schedule
Our client is seeking a Senior Project Accountant. The Senior Project Accountant will support strategic objectives and be responsible for all facets of project and contract financial management. This position is fully responsible for the project billing process, including responding to client inquiries, verifying employee’s chargeable time; in accordance with the established accounting standards and billing policy. The Senior Project Accountant is to assist the Project Managers with the financial management of projects, emphasizing project financial health. This includes project review, ensuring accurate contract documentation, contract monitoring and maintenance including budget and funding entry and contract administration during various stages of a contract life cycle. Essential Functions:
Effectively communicate with Project Managers (PM) regarding contract documents, change orders and other contract modifications, approvals, and any additional services-related to billing.
Record project budget and funding based on information included in the contract documents and provided by Project Managers.
Ensure consistent billing and financial reporting at project levels by following best practices and in compliance with contract terms.
Attend project review, kick-off and team meetings as necessary.
Periodically monitor to ensure compliance with contractual requirements and company policies and procedures.
Monitoring weekly and monthly project expenditures.
Ensure timely release of sub-consultant invoices for payment.
Perform research and provide necessary data analytics regarding project financial status, which includes funding/budget, staffing requirements and accounts receivable.
Manage funding and budget updates as a result of work/scope changes and contract amendments.
Request and assist PM in entering percent completes to monitor project progress.
Verify final billing is complete, re-budget project (if necessary) and prepare project(s) for closeout.
Perform various specialized accounting functions of moderate complexity and ensure that procedures and practices are followed in accordance with company policy, accounting principles and contractual obligations.
Review monthly accruals and deferrals related to projects
Train and mentor junior project accountants.
Develop and implement continuous improvement of accounting policies, systems and procedures
Minimum Bachelor’s degree in Accounting, Finance, or Business
3-5 years of experience or an equivalent combination of education and experience
3+ years of experience in construction, A&E or government project accounting environment
Detail-oriented, proactive and able to handle multiple tasks/projects/deadlines
Demonstrated knowledge of the concepts, theories, principles, and practices of general and contract accounting, budgeting, forecasting, and financial analysis in a government contract environment.
Sound understanding of the development of overhead/indirect rates.
Some familiarity of the OMB Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (Uniform Guidance), Federal Acquisition Regulation (FAR), and/or Cost Accounting Standards (CAS).
Must be an analytical, open-minded, client-oriented person, able to work effectively in a team or independently.
Must be able to establish and maintain positive and respectful working relationships with colleagues and customers, both internally and externally.
Must be a naturally curious, self-motivated professional with an acute attention to detail that excels working within deadlines.
Recent and in-depth “hands on” working knowledge of Deltek’s Costpoint financial software
Experience working in a multi-cultural environment, in an international
We offer a mix-model workspace (office & virtual) and stimulating environments for all. We also offer an excellent benefits package and competitive salary. Highlights:
Health Benefits – Start first on the month following hire
401(a) Money Purchase Pension Plan / 10% Employer Contribution