Project Accountant

Job Title: Project Accountant

Department: Finance

Status: Full Time

Job Summary:

The Project Accountant is responsible for tracking, analyzing, and optimizing the company’s project expenses to improve profitability. This role requires expertise in cost and project accounting, revenue recognition under ASC 606, inventory fixed assets accounting, and operational accounting practices. The position involves analyzing event costs, managing project-based financials, reconciling accounts, and executing timely month-end close to ensure accurate and compliant financial reporting.

Responsibilities:

• Collects, analyzes, and reports on labor, materials, overhead, and other costs associated with specific projects or products.
• Apply cost and project accounting principles to accurately track, allocate, and report costs.
• Compare budgeted job costs to actual job costs and identify variances.
• Designs, implements, and maintains systems for project accounting, ensuring compliance with company policies and GAAP standards.
• Ensure compliance with ASC 606 revenue standards for project and contract-based work.
• Maintain accounting records for inventory and fixed assets in accordance with GAAP, including valuation, capitalization and depreciation.
• Understanding of WIP accounts, accruals and deferring of costs. 
• Prepares and maintains budgets, cost estimates, and job cost reports for projects and operational processes.
• Performs reconciliations of project costs, revenue, and related accounts as part of the month-end close process.
• Prepare monthly reports, including business unit income statements, and variance analyses.
• Supports operational accounting by collaborating with project managers, business unit VP’s, operations, and other departments to ensure accurate cost tracking and reporting.
• Research and recommend process improvements to reduce costs and improve efficiency.
• Assists with audits by providing cost reports, reconciliations, and documentation for inventory, production, and project-related transactions.
• Performs other duties as assigned.

Requirements:

• Bachelor’s degree in accounting required.
• Minimum of 3-5 years of progressive accounting experience, with emphasis on cost or project accounting.
• Proficiency in ASC 606 revenue recognition principles and application.
• Demonstrated experience in reconciliation processes and operational accounting.
• Strong month-end close experience, including journal entries, accruals, and reporting.
• Sage Intacct experience preferred; proficiency with other ERP systems considered.
• Advanced Excel skills and ability to analyze complex financial data, identify trends, and draw actionable conclusions.
• Knowledge of GAAP and other applicable accounting standards.
• Strong attention to detail and organizational skills.
• Ability to collaborate cross-functionally and communicate financial information clearly to non-financial stakeholders.

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.