Basic Function:
The project accountant position is accountable for monitoring the progress of projects, investigating variances, approving expenses, and ensuring that project billings are issued and payments collected.
Principal Accountabilities:
-Create project accounts in the accounting system
-Maintain project-related records, including contracts and change orders
-Authorize the transfer of expenses into and out of project-related accounts
-Review and approve supplier invoices related to a project
-Review and approve time sheets for work related to a project
-Review account totals related to project assets and expenses
-Investigate project variances and submit variance reports to management
-Confer with receivables staff regarding unpaid contract billings
-Report on project profitability to management
-Report to management on any opportunities for additional billings
-Report to management regarding the remaining funding available for projects
-Create or approve all project-related billings to customers
-Investigate all project expenses not billed to customers
-Respond to requests for more detail from customers
-Approve the write off of any project-related billings that cannot be billed to or collected from customers
-Close out project accounts upon project completion
-Create and submit government reports and tax returns related to projects
-Compile information for internal and external auditors, as required
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