Job Description
Job Summary
- The Project Accountant will ensure the financial health and compliance of projects throughout their lifecycle.
Responsibilities
Financial Planning & Analysis:
- Develop project budgets in collaboration with project managers and stakeholders.
- Monitor and analyze project costs against budget, providing regular variance reports.
- Forecast cash flow needs for each project and ensure adequate liquidity.
Cost Management:
- Track and record all project-related expenses, including materials, labor, and subcontractor payments.
- Ensure proper allocation of costs to specific projects and phases.
- Review and approve purchase orders and vendor invoices for project-related expenses.
Financial Reporting:
- Prepare monthly, quarterly, and annual financial reports for each project, highlighting key financial metrics and trends.
- Provide detailed financial performance reports to management, including profit margins and return on investment (ROI).
Compliance & Audit:
- Ensure all project financial activities comply with company policies, tax regulations, and relevant accounting standards.
- Facilitate audits by maintaining accurate and up-to-date financial records.
- Coordinate with external auditors and provide necessary documentation during project audits.
Risk Management:
- Identify and mitigate financial risks associated with projects, such as cost overruns and delays.
- Implement and enforce internal controls to safeguard project assets and resources.
Liaison & Collaboration:
- Work closely with project managers, procurement teams, and other departments to ensure financial alignment.
- Act as the primary point of contact for financial queries related to projects.
- Support contract negotiations by providing financial insights and cost analyses.
Qualifications
- Interested candidates should possess a Bachelor's Degree with 4 years experience.