Discover the essential requirements, duties, responsibilities, and skills needed for a Project Accountant job description.
What does a Project Accountant do?
A project accountant is a financial expert who reviews the budgets for different projects. They work closely with accounting supervisors and project managers to provide accurate financial information. Their main responsibilities include preparing cost estimates, managing invoices, and creating financial reports.
Job Description
We are seeking a highly skilled project accountant to support our project team. As a project accountant, you will report to the accounting supervisor and handle all project-related financial tasks. This includes reviewing budgets, preparing reports, and managing invoices. To excel in this role, you must have a strong background in accounting and be able to provide reliable financial information to project managers. The best project accountants ensure accurate billing and maintain comprehensive financial records.
Job Duties and Responsibilities
- Report to the accounting supervisor and other project managers as needed
- Review project budgets, including staffing, work plans, and fees
- Provide timely financial reports and budgets to project managers and clients
- Prepare pre-billing reports for project managers to review
- Create actual cost, working capital, and tax reports
- Monitor project income and assist with collections
- Process invoices and purchase orders
- Ensure timely payment of consultant, subcontractor, vendor, and supplier bills
- Maintain a steady cash flow by generating and sending invoices on time
- Update contracts according to client requirements and report any budget changes
Requirements and Qualifications
- Bachelor's degree in accounting or a related field
- Certified Public Accountant (CPA) or Certified Management Accountant (CMA) certification preferred
- 2-5 years of experience as a project accountant or in a similar role
- Proficiency in electronic accounting systems like FINSYNC and FreeAgent
- Ability to report to the accounting supervisor and project managers
- Advanced skills in managing general ledgers, journal entries, and account reconciliations
- Excellent ability to create project budgets, financial forecasts, and tax reports
- Extensive experience with project invoicing and billing
- In-depth knowledge of accounting best practices
- Strong communication skills for effective collaboration and client service
Project Accountant Salary
The earning potential of a Project Accountant can vary significantly based on factors such as geographic location, industry, professional experience, educational background, and the specific employer. On average, the annual salary for an Project Accountant in the United States is approximately $79364.