Project Accountant - Federal

Employment Type: Full-TimeFSLA: Salary/ExemptDivision: Finance

Department: Project AccountingReports to: Project Accounting ManagerSupervisory Duties: NoAs the Project Accountant, you will play a key role in supporting the financial management of construction projects by working closely with the Project Accounting Manager, Project Teams, and the Finance department.

You will assist with a wide range of project accounting functions, including Accounts Payable, Subcontractor Costing, Owner Billings, and Cost Reporting.Your responsibilities will ensure accurate and timely financial tracking, reporting, and compliance across all active projects. This role requires strong attention to detail, the ability to collaborate across teams, and a solid understanding of project-based accounting practices within the construction industry.Responsibilities / Essential FunctionsProcess and track accounts payable invoices and ensure timely payments. Set up, enter, and maintain project budgets within the accounting system. Manage the end-to-end owner billing process in accordance with contract terms. Process intercompany transactions, including invoicing, payments, and reconciliation. Assist with monthly cost reporting and support monthly financial closings. Ensure all project accounting activities comply with internal policies and industry standards. Maintain effective communication with vendors and clients to resolve financial discrepancies. Organize and manage project-related financial documentation and records. Perform contract reconciliation to ensure accuracy in billing and cost tracking. Conduct cost and revenue analysis to support project performance and financial health. Support audit preparation and ensure compliance with internal and external audit requirements. Assist in budget forecasting and variance analysis. Monitor project progress, financial performance, and cash flow to identify potential risks or issues. Key SkillsKnowledge of 2 CFR 200 (Uniform Guidance) for federal grants and cooperative agreementsAbility to maintain auditable project records and supporting documentation in accordance with federal funding requirementsStrong working knowledge of Federal Acquisition Regulations (FAR) and Cost Accounting Standards (CAS)Strong written and verbal communication skills. High attention to detail and strong organizational abilities. Collaborative team player with a proactive and positive attitude. Strong initiative and analytical problem-solving skills. Ability to manage multiple priorities and meet deadlines independently. Familiarity with construction accounting practices and project-based financial reporting (preferred). Required ExperienceBachelor's degree in accounting or related field 2+ years of experience in Project AccountingDemonstrated experience administering accounting and compliance requirements for federally funded construction projectsExperience supporting contracts subject to FAR Part 31 Cost Principles, indirect cost allocations, and allowable/unallowable cost determinationsExperience with cost-reimbursable contracts, time and material contracts and federally funded grant projects