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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 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 timesheets for work related to a project
7. Review account totals related to project assets and expenses
8. Investigate project variances and submit variance reports to management
9. Report on project profitability to management
10. Create or approve all project-related billings to customers
11. Investigate all project expenses not billed to customers
12. Approve the write off of any project-related billings that cannot be billed to or collected from customers
13. Close out project accounts upon project completion
14. Create and submit government reports and tax returns related to projects
15. 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