Project Accountant

Role Overview

The Project Accountant will play a crucial role in managing the financial aspects of our projects, ensuring accuracy, compliance, and timely reporting. This position requires a candidate with a strong accounting background, excellent organizational skills, and the ability to collaborate effectively with cross-functional teams.

This position will report to SMG's office in Elk Grove Village.

Key Responsibilities

• Oversee and manage the financial aspects of multiple projects concurrently.
• Monitor project budgets, expenses, and financial performance to ensure alignment with company goals and client expectations.
• Conduct regular financial analysis and reporting on project profitability.
• Implement and maintain effective cost-control measures for projects.
• Union Reporting, including weekly payroll grid for union technicians and monthly union reporting.
• Analyze cost variances, identify areas for improvement, and provide recommendations for cost-saving initiatives.
• Collaborate with project managers to review and validate project costs.
• Prepare accurate and timely financial reports for each project, including income statements, balance sheets, and cash flow statements.
• Ensure compliance with accounting standards and company policies.
• Communicate financial information to project stakeholders and management as needed.
• Generate and review project invoices, ensuring accuracy and completeness.
• Coordinate with project managers to obtain necessary billing information and resolve any billing discrepancies.
• Monitor and track client payments, addressing any overdue accounts
• Work closely with project managers, procurement, and other departments to gather financial data and ensure alignment with project goals.
• Communicate financial information effectively to both financial and non-financial stakeholders.
• Participate in project meetings to provide financial insights and support decision-making.
• Maintain knowledge of acceptable accounting practices and procedures.
• Maintain company confidentiality at all times.
• Performs other duties as assigned.

Qualifications

• Bachelors degree in Accounting, or related field, required.
• 2+ years’ experience in project accounting or related experience.
• Excellent verbal and written communication skills.
• Strong understanding of project accounting principles and practices.
• Proficiency in accounting software and Microsoft Office Suite.
• Detail-oriented with a high level of accuracy.
• Ability to work effectively both independently and as part of a team.
• Must be able to multitask and meet deadlines.
• Proficient in Microsoft Office Suite or related software.