Project Accountant at Deloitte

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 to customers and payments collected.

Principal Accountabilities

• Create project accounts in the accounting system.
• Maintain project-related records, including contracts and change orders.
• Authorize access to project accounts.
• 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 and approve overhead charges to be applied 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.

Requirements

• A Bachelor's Degree in Business or Engineering.
• Detailed knowledge of project contracts and change order documents.
• Must have excellent communication and writing skills.
• At least three years of experience in project accounting.