Project Accountant

Summary:
The Project Accountant plays a pivotal role in the financial management of various construction, renovations, and development projects undertaken by the organization. Working closely with project managers and financial teams. The Project Accountant ensures accurate financial reporting, and compliance with regulatory requirements throughout the project lifecycle. This role requires a keen eye for detail, strong analytical skills, and the ability to communicate effectively across different departments.

Responsibilities:
Financial Analysis and Reporting:
•Analyze project financial data to ensure accuracy and completeness.
•Compile and prepare timely financial reports detailing project expenses, revenues, and forecasts.
•Provide insights and recommendations based on financial analysis to enhance project performance and efficiency.
•Conduct thorough investigations into instances where project expenses that may have exceeded contractual agreements.
•Detailing remaining projects to management for additional projects.
•Work with the Fixed Asset Accountant to determine the coding for acquisition and properly assign the fixed asset types to the project
•Maintain and reconcile WIP accounts for the various projects

Budgeting and Forecasting:
•Assist in the development of project budgets in collaboration with project managers and stakeholders.
•Monitor project expenses against approved budgets and identify variances.
•Forecast future project financial performance based on current trends and anticipated changes.
•Keep track of project budgets, billings, estimates, and costs.

Financial Compliance:
•Ensure compliance with all relevant financial regulations, policies, and procedures.
•Coordinate with internal and external auditors to provide necessary documentation and support.
•Stay up to date with changes in accounting standards and regulations affecting project accounting.

Project Coordination:
•Collaborate with project managers to understand project milestones, timelines, and resource requirements.
•Provide financial guidance and support to project teams to facilitate decision-making.
•Communicate effectively with stakeholders to address any financial concerns or inquiries related to projects.

Documentation and Recordkeeping:
•Maintain accurate and organized financial records for all project transactions.
•Ensure documentation is complete and accessible for audits and reviews.
•Archive project financial data and records in accordance with company policies and regulatory requirements.