What are the responsibilities and job description for the Project Accountant position at Brown & Root?
Position Overview :
The Project Accountant will be responsible for managing all financial aspects of assigned projects, including budgeting, forecasting, reporting, and compliance. This individual will collaborate closely with project managers, financial teams, and external stakeholders to ensure projects are financially on track and adhere to organizational policies.
Key Responsibilities :
- Project Financial Management :
- Maintain and track project budgets, ensuring that costs align with estimates and client contracts.
- Prepare monthly, quarterly, and annual financial reports for assigned projects.
- Monitor and report on project cash flow, ensuring proper invoicing and payments are made in a timely manner.
- Conduct cost analysis and identify potential financial risks for projects.
- Perform regular reconciliation of project-related accounts and expenses.
- Project Billing & Payments :
- Oversee the preparation of accurate and timely project invoices.
- Ensure project expenses are documented and processed in compliance with contract terms.
- Coordinate with management to resolve any billing discrepancies.
- Budgeting and Forecasting :
- Collaborate with project managers to develop project budgets and forecasts.
- Provide support for project cost tracking and variance analysis, identifying areas for improvement.
- Analyze and interpret financial data to help project teams make informed decisions.
- Compliance and Reporting :
- Ensure that all financial transactions related to the project comply with legal and regulatory requirements.
- Prepare reports for senior management on project performance, including cost overruns, underutilization, and deviations from the budget.
- Assist with audits and ensure that financial records are accurate and complete.
- Collaboration and Communication :
- Serve as a liaison between the finance department and project managers.
- Communicate financial data and performance metrics to project stakeholders in an understandable manner.
Qualifications :
Additional Requirements :
