Position Summary:
The Project Accountant partners with Project Managers and Finance leadership to support the financial success of HED's projects throughout the project lifecycle. This role is responsible for maintaining accurate project financial information, monitoring budgets and costs, supporting revenue recognition, analyzing project performance, and providing meaningful financial insight that enables informed business decisions.
Working under general guidance, the Project Accountant manages multiple projects of moderate complexity while ensuring financial data is complete, accurate, and aligned with company policies, accounting standards, and project objectives.Essential Functions:
Review project setup within the ERP system to verify contract terms, billing structures, project phases, budgets, and financial attributes
Partner with Project Managers to develop, maintain, and update project budgets and forecasts
Monitor labor, consultant, and reimbursable costs against budgets and forecasts
Identify project financial variances, profitability trends, and potential risks while providing recommendations for corrective action
Maintain project budget integrity and support financial planning activities
Prepare and post project revenue recognition entries in accordance with GAAP
Review work-in-progress (WIP), backlog, earned revenue, and project profitability reports
Perform month-end close activities including project journal entries, reconciliations, WIP analysis, revenue reviews, and financial reporting
Investigate and resolve project financial discrepancies in a timely manner
Prepare recurring and ad hoc project financial reports and analyses for Project Managers and Finance leadership
Recommend process improvements that enhance project accounting accuracy, efficiency, and reporting
Maintain compliance with company policies, accounting standards, and internal controls
Prepare and process client invoices based on project contracts, fee schedules, and billing terms
Collaborate with Project Managers from project initiation to project close-out
Validate project information in accounting system, including change orders and contract modificationsQualifications & Requirements:
Bachelor's degree in Accounting or Finance required
CPA or progress toward CPA preferred
Three or more years of accounting experience in a project-based professional services environment preferred
Experience with Workday or a comparable ERP system preferred
Strong knowledge of GAAP and revenue recognition principles
Advanced proficiency in Microsoft Excel
Strong analytical, organizational, problem-solving, and communication skills
Ability to manage multiple priorities while maintaining accuracy and attention to detailKey Competencies:
Financial Analysis & Reporting
Business Partnership
Budgeting & Forecasting
Analytical Thinking
Attention to Detail
Problem Solving
Communication & Collaboration
Planning & Organization
Accountability
Continuous ImprovementPhysical Requirements:
Prolonged periods of sitting at a desk and working on a computer.
Must be able to effectively communicate in writing and verbally via phone, video conferencing, and in person.
Visual acuity sufficient to perform computer-based accounting responsibilities.Work Environment:
HED embraces a hybrid work model that promotes both autonomy and collaboration, including the flexibility to work remotely while maintaining regular in-office collaboration. Work is performed in a professional office environment that supports both collaborative and independent work.Other Duties:
Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities required of the employee. Duties, responsibilities, and activities may change at any time with or without notice.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, protected veteran status or status as an individual with disability.
