Project Accountant

Overview:

Responsible for end-to-end project accounting activities, including billing, collections, cash application, expense/vendor processing, and financial reporting for assigned accounts. Ensures compliance with A/P and A/R controls while collaborating cross-functionally with internal and external stakeholders.

Project Accountant Responsibilities:

• Establish projects in FinancialForce by validating Salesforce data and ensuring all supporting documentation (SOWs, POs, and related contract materials) is complete and aligned to billing requirements
• Complete time and materials, Milestone, and Fixed Fee billing for assigned accounts, ensuring accurate invoices of billable hours and expenses in accordance with contract terms
• Drive collections by tracking invoices in customer portals, reconciling hours and expenses to Salesforce, resolving discrepancies, and partnering with customer A/P to expedite payment and obtain Expected Payment Dates (EPDs)
• Track, report and follow up on unbilled project funding by monitoring outstanding items, reporting reversals upon invoicing, and reviewing budgets to maintain accurate project funding
• Monitor and follow through on Undeposited Funds by resolving customer credits and overpayments
• Validate monthly reporting data ($0 bill rates, and new budgets), ensuring verification, and follow up on discrepancies
• Process customer write-offs as needed
• Perform month end revenue reconciliation to ensure accurate customer invoicing
• Support Audit and Pre-audit requests annually
• Manage cash applications by posting receipts, applying payments to invoices, and processing customer discounts and adjustments as appropriate
• Review and process expense reports and vendor invoices allocated to assigned projects
• Prepare revenue and project profitability reports for assigned customer
• Ensure compliance with internal accounting controls and established A/P and A/R policies
• Maintain general ledger integrity through accurate and timely recording of monthly transactions
• Partner with operations to enhance Salesforce functionality and implement automation to improve process efficiency
• Learn and follow documented Accounting Team Processes and support the Team Leads and Accounting Manager in maintaining training material to ensure up to date information
• Other duties as assigned

Education/Relevant Experience:

• B. S. Degree in Business (Accounting or Finance preferred)
• Minimum two to five years as a corporate staff accountant
• Experience using ERP Systems and report functionality
• Advanced proficiency utilizing Excel to develop and maintain complex models

Required Skills:
Successful candidates for this position will meet the following criteria:

• General understanding of accounting principles and financial reporting.
• Know the relationship between project financials and the General Ledger including Revenue, Accounts Receivable, Accounts Payable, Unbilled Receivables, Cash accounts, etc.
• Understand project accounting concepts, specifically: project funding, contract billing, revenue recognition, and project lifecycle management
• Strong reconciliation and analytical skills with the ability to research and resolve financial variances
• Exceptional proficiency with MS Office products, MS Word, MS Excel, MS Project, MS PowerPoint
  • Word (work with large documents containing tables, TOC, styles, track changes)
  • Excel (create, modify charts, filter data, use of functions within multiple worksheets)

• Detailed-oriented
• Critical thinking skills
• Proven organizational skills
• Ability to manage multiple tasks simultaneously with accuracy and within timeline assigned
• Possess excellent oral, written communication skills with the ability to collaborate with fellow colleagues and customers
• Experience working in a fast paced, results driven organization
• Ability to meet tight deadlines
• Ability to adhere to Verista Values

This position description merely illustrates this position. Duties, responsibilities, and activities may change with or without notice.