Project Accountant I

Job Details: Job Location: Illinois

• Chicago
• Chicago, IL, Salary Range: $78000.00 - $85000.00Salary, The Project Accountant is responsible for overseeing all accounting functions and job administration for assigned jobs. The Project Accountant works closely with Project Managers to monitor progress of projects, investigate variances, and ensure all project billings are issued to customers and payments are collected. Reports to the Project Accounting Manager and Controller. Typical Duties and Responsibilities: Responsible for project set-up and maintenance, which includes: contract review; subcontract review; cost proposal/project budget review/revision; project number creation and budget entry; billing guideline formation; billing government and private clients; and providing subcontractors with invoice due dates. Responsible for project cost/schedule monitoring, which includes: monitoring of actual vs. financial percent completes; provide suggestions for proactive cost control improvements; monitor employee hours charged to projects on a weekly basis; attend monthly project reviews with Regional Managers and Project Managers; and monitor of subcontractor invoices/payments against the contract terms. Responsible for understanding the areas of compensation and payment clauses; overhead rates; revenue enhancers, and other portions of contracts, which includes basic contract language; flow down provisions from the prime/DB/owner contract. Responsible for accounts receivable, which includes making regular collections calls to assigned clients. Prepares invoices for all assigned projects on a monthly, interim and milestone basis. Assists Project Manager in closing projects and contracts once project is complete and all costs are billed and collected. Assists with month-end reconciliations. Assists in reviewing, tracking and posting in-house direct expense items. Perform special projects as needed. Other duties may be assigned. *Relocation is available Click HERE to see the variety of benefits that Collins has to offer.

Qualifications

Education

Degree in Accounting or Finance, or equivalent experience. Some experience in Project Accounting or Project Administration in architecture/engineering/construction industry preferred. Accounts receivable experience a plus. Experience working in Microsoft Office products a must. Deltek Vantagepoint experience highly preferred.

Physical Demands: The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is regularly required to sit; stand; use hands to finger, handle, or feel objects, tools, or controls; and reach with hands and arms.

The employee frequently is required to talk or hear. The employee is occasionally required to stand, walk, stoop, kneel, crouch, or crawl. The employee must frequently lift and/or move up to 10 pounds. Specific vision abilities required by this job include close vision, color vision, depth perception, and the ability to adjust focus.