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    Project Accountant Job Description


    Position Description: Project Accountant

    Basic Function: The project accountant position is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued to customers and payments collected.

    Principal Accountabilities:

    1. Create project accounts in the accounting system
    2. Maintain project-related records, including contracts and change orders
    3. Authorize access to project accounts
    4. Authorize the transfer of expenses into and out of project-related accounts
    5. Review and approve supplier invoices related to a project
    6. Review and approve time sheets for work related to a project
    7. Review and approve overhead charges to be applied to a project
    8. Review account totals related to project assets and expenses
    9. Investigate project variances and submit variance reports to management
    10. Confer with receivables staff regarding unpaid contract billings
    11. Report on project profitability to management
    12. Report to management on any opportunities for additional billings
    13. Report to management regarding the remaining funding available for projects
    14. Create or approve all project-related billings to customers
    15. Investigate all project expenses not billed to customers
    16. Respond to requests for more detail from customers
    17. Approve the write off of any project-related billings that cannot be billed to or collected from customers
    18. Close out project accounts upon project completion
    19. Create and submit government reports and tax returns related to projects
    20. Compile information for internal and external auditors, as required

    Desired Qualifications: A bachelor's degree in business or engineering, with detailed knowledge of project contracts and change order documents. Must have excellent communication and writing skills, and at least three years of experience in project accounting.

    Supervises: None