Project Accountant

JOB SUMMARY:

The Project Accountant will manage the financial tracking, reporting, and analysis for project-based work across the organization. This role partners closely with project managers, contract administrators, and the contract billing team to ensure accurate cost tracking, sound project financial data, and informed decision-making throughout the project lifecycle. 

ESSENTIAL JOB DUTIES: 

• Reconcile work-in-process (WIP) schedules and support month-end close for project-related accounts. 
• Ensure compliance with revenue recognition standards (e.g., ASC 606) for project-based contracts. 
• Support internal and external audits with project financial documentation. 
• Track project revenue, costs, and profitability; identify and flag variances. 
• Assist in researching and resolving discrepancies in project receivables and costs, working with contract administrators, the billing team, and project managers as needed. 
• Manage enrollment, maintain compliant status, and eventual closeout, in OCIP, CCIP, and Rolling CIP insurance programs of eligible subcontractors and project participants.
• Track OCIP/CCIP/Rolling CIP enrollment status by project and follow up on outstanding or incomplete enrollments. 
• Maintain project accounting setups in Oracle Cloud (project types, task structures, expenditure categories) and troubleshoot cost transaction issues. 
• Other duties may be assigned.

QUALIFICATIONS

The qualifications listed below are representative of the elements required to perform the job successfully, however in some cases, an equivalent combination of Education, Training, Certifications and Experience may meet the job qualifications. 

Education, Training, Certifications: 

• High School diploma/ GED, required.

• Bachelor's degree in Accounting, Finance, or related field, or a combination of education with professional experience, required.

Experience, Knowledge, Skill Requirements:

• 2–4 years of accounting experience, preferably in project-based, construction, engineering, or professional services environments. 
• Working knowledge of job costing and percentage-of-completion accounting. 
• Proficiency in Excel required; hands-on experience with Oracle Cloud (Fusion) ERP preferred. 
• Experience researching and reconciling project activity to the GL preferred. 
• Familiarity with Owner Controlled Insurance Programs (OCIP), Contractor Controlled Insurance Programs (CCIP), and Rolling CIP structures preferred; experience with subcontractor enrollment and compliance tracking a plus. 
• Strong attention to detail and ability to manage multiple projects simultaneously. 
• Clear communicator, comfortable working cross-functionally with project managers, contract administrators, and billing staff. 

Communication Skills:

• Must have the ability to effectively read, write and communicate in English with employees and customers.
• Strong interpersonal, written, and oral communication skills.

Systems and Software Skills:

• Proficiency with Oracle Cloud PPM strongly preferred.

• Experience in MS Office Suite, including advanced Excel skills.

• Work effectively as a collaborator.

• Ability to multi-task.

• Ability to communicate effectively both written and verbal.

Other Qualifications:

• Valid driver’s license with acceptable driving record required.
• Must be able to comply with Summit’s Drug and Alcohol policy and Background screening requirements, which may also include customer specific requirements based on contractual agreement.
• Occasional travel up to 10%.

PHYSICAL & WORK ENVIRONMENT REQUIREMENTS

Reasonable accommodations may be made to enable individuals with disabilities to perform Essential Job Duties.

Physical Requirements: 

While performing the duties of this job, the employee is required to sit for long periods. Employee will occasionally be required to bend, kneel, balance, lift <20lb, walk, stand, ascend/descend stairs, drive, twist, and reach above and below shoulders. Employee will frequently be required to drive and walk for periods. 

Work Environment:

Employee will consistently be required to work indoors in an office or remote setting, sit or stand for extended periods of time, and work alone and with others. The employee will be occasionally required to travel. 

We are fully committed to equal opportunities for employment to all individuals regardless of race, national origin, gender, religion, sexual orientation, disability, familial status, and any other classification protected under the law. We are an Equal Opportunity, Affirmative Action employer.

While this job description is intended to be an accurate reflection of the position, management reserves the right to modify, add, or remove duties and to assign other duties as necessary. 

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