Senior Project Accountant

Global architecture firm is looking to add a Senior Project Accountant to their team. The Senior Project accountant will be responsible for reviewing WIP revenue, project cash flow, and PWP invoices.

Responsibilities

• Reviews project WIP, revenue, backlog, budget variances, and profitability, and ensures all billable expenses are billed; tracks latest comments on project and WIP status
• Leads project health reviews with PMs and SLs
• Reviews weekly Net Service Revenue (NSR) reports to ensure revenue is captured by the proper projects/phases and makes revenue adjustments and/or transfer efforts
• Performs quarterly internal spot audits of select projects, reviews project setup for accuracy, analyzes project costs in relation to contract budgets and contract terms
• Provides end-to-end project accounting management from project creation to close-out
• Reviews project contracts for financial details to ensure compliance with the project
• Sets up projects in the accounting system, liaising with Project Managers (PM) and Senior Leaders (SL) regarding budgets; phase set up to assist with project monitoring for the life of the project. Ensure that submitted information follows accounting standards and client requirements
• Maintains contract paperwork and files, invoices, aging A/R, change orders, vendor and subcontractor documents, and other specified logs for project tracking
• Prepares client fees, expenses, consultant invoices, account statements, reports, and other records
• Posts cash receipts and sends notifications to relevant parties, logging and reporting details daily
• Responsible for billing and cash flow projections
• Leads and coordinates collection efforts with PMs and SLs; initiates stop-work procedures and third-party collections efforts to minimize company exposure
• Performs Accounts Payable duties, including coding and posting vouchers, coordinating reviews and approvals, researching vendor payment inquiries, and updating tracking file for Pay-When-Paid (PWP) consultants
• Pulls vouchers for weekly PWPs and updates PWP tracking logs
• Notifies PWP consultants of their invoice payments
• Bi-monthly, updates the PWP status report on SharePoint after payments have been paid and posted in the accounting system
• Reconciles month-end PWP tracking versus PWP disbursed files
• Reviews phases in Power-Bi to make sure backlog is available for phases being coded to prior posting vouchers in the accounting system
• Enters Independent Consultant (IC) invoices and maintains logs to identify how to post ICs as labor or expense by project

Qualifications

• Bachelor's degree in accounting, finance, or related field preferred
• Minimum of 8 years in a mid-sized professional services organization with project (revenue) accounting duties
• Must have experience in the Architecture or Engineering industry
• Proficient in Microsoft Office, accounting software, order processing, databases
• Experience with BST, Deltek, or comparable ERP systems preferred
• Proficient in general ledger, accounts receivable, and accounts payable
• Must handle confidential information in a highly sensitive manner

The Fair market Assumption for this role's base salary is between $90,000 and $105,000 annually.

The above salary range represents Cobalt's good faith and reasonable estimate of the possible base compensation range at the time of posting and is one part of the total rewards package this client provides to employees.

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