Project Accountant (Entry-level, Hybrid)

Job Description

Job Description

Description :

Project Accountant (Entry-level, Hybrid)

Neptune, NJ

Description

The Role :

InflexionPoint is seeking a detail-oriented, organized recent graduate who is ready to apply their learning in a dynamic environment. The Project Accountant will work under the direction of the Controller alongside the Finance team to ensuring accurate project costing, monitoring project financial performance, and optimizing profitability. If you have a passion for numbers, problem-solving, and are ready to learn in a fast-paced environment, we want to hear from you!

The ideal candidate will have a Bachelor’s degree in either Finance or Accounting, with internships preferably in a project or cost accounting role.

About InflexionPoint

InflexionPoint, LLC (formerly known as Automated Control Concepts) - https : / / inflexionpoint.ai / - was founded >

20 years ago. We work with many of the world's leading companies to design, build, and manage solutions that harness the power of data to facilitate informed decision-making. As a “digital transformation” partner, we see each project in the context of clients’ objectives of increased revenue, decreased operating cost, and improved asset efficiency across their entire value chain. We don’t deliver code and controls; we deliver business outcomes.

Our areas of expertise span project lifecycles from strategy, through automation and intelligence, to infrastructure. We have delivered outcomes directly and through partners across all four of our target industries; critical infrastructure, life sciences, CPG, and food and beverage.

We are located on the beautiful “Jersey Shore” about an hour south of NYC, and are backed by Sverica Capital (https : / / sverica.com / ), a private equity investor. We have aggressive growth goals, and our most successful team members have a strong entrepreneurial spirit, love to win, hate to lose, and expect to exceed goals. So they embrace the grind and do the necessary work to crush their number in pursuit of their financial and career goals.

In this role, you will have the following key responsibilities :

• Project Costing : Collaborate with project managers and other stakeholders to establish accurate project budgets and cost estimates. Monitor and analyze project costs throughout the project lifecycle, identifying variances and implementing corrective actions as needed along with insights for cost optimization.
• Cross-Functional Collaboration : Collaborate with cross-functional teams, including operations, procurement, and project management, to support cost-related initiatives and provide financial insights to drive informed decision-making.
• Revenue Recognition : Ensure compliance with revenue recognition standards (e.g., ASC 606) by accurately recognizing revenue and associated costs for projects. Review contracts and project agreements to determine appropriate revenue recognition methods and timelines.
• Financial Analysis : Conduct financial analysis of projects, including profitability analysis, margin analysis, and variance analysis. Provide insights and recommendations to management to optimize project profitability and resource allocation.
• Financial Reporting : Prepare and analyze financial reports related to project performance, including project P&L statements, cost-to-complete reports, variance analysis, budget vs. actuals reports, and cash flow projections. Communicate financial results and insights to stakeholders in a clear and concise manner. Ensure timely and accurate reporting in accordance with company policies and GAAP.
• Budgeting and Forecasting : Assist in the development of project budgets and forecasts. Collaborate with project managers and other stakeholders to provide financial guidance and support throughout the project lifecycle.
• Cost Control : Implement and maintain cost control procedures to monitor project expenses and mitigate risks. Recommend and implement process improvements to enhance efficiency and accuracy in cost accounting processes.
• Process Improvement : Continuously evaluate and improve project accounting processes and procedures to enhance efficiency, accuracy, and control. Identify opportunities for automation and streamlining of workflows.
• ERP System Management : Utilize ERP system to record project-related transactions, maintain project budgets and forecasts, and generate relevant financial reports. Provide training and support to end-users as needed.
• Compliance and Audit Support : Ensure compliance with accounting principles, company policies, internal costs, and regulatory requirements related to project accounting and revenue recognition. Support internal and external audits by providing documentation and explanations as needed.

Requirements : About you :

At Inflexion Point, everyone is welcome. We believe individuals should not be disadvantaged because of their background or identity, but instead should be considered based on their strengths and experience. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.