What are the responsibilities and job description for the Project Accounting Analyst position at STV?
STV is seeking a Project Accounting Analyst to work with our project accounting team. This is a project specific role that requires in-office support 5 days a week from STV client office located in Long Island City, NY.
Reporting through the Project Accounting department and reporting day to day to the Project Manager on site, the Project Analyst will actively engage in project accounting and analysis of financial performance of their assigned project(s). Under general supervision, the project analyst works with the project manager to monitor financial performance and is responsible for entire project lifecycle project accounting and adherence to company policies and procedures.
Duties & Responsibilities :
- Partner with the Project Manager and project team to establish the project budget, update of budgets, and making project accounting recommendations as needed
- Review of all contracts, modifications, supplements, amendments, and task orders including review of terms of compensation, contract terms, reporting requirements, invoice formats, invoicing frequency, supporting document requirements, and approved billing amounts and coordinate with Contract Administrator for proper adherence to document control procedures
- Provide executed subcontract agreement(s) and / or modifications to Contracts Administration team and manage subconsultant financial requirements for the project which includes assisting in problem solving issues relating to PO, corrections needed to invoice, and ensuring prompt payment to our SBE / DBE firms
- Review and monitor project financial performance on a regular basis. Perform detailed analysis, as needed, regarding revenue recognition, WIP status, overhead adjustments, variances, burn rate analyses, estimates to complete, etc. as required
- Facilitate appropriate revenue recognition including recommending interim write-offs or markup adjustments, and closeout windfalls or write-offs
- Analyze work in process (WIP) prior to billing each month to minimize the potential for over-recognition of revenue. Informs Billing Supervisor or updates comments in WIP database indicating billing priorities and / or status of billing based on information gained from PM or in Project Reviews. Review WIP against monthly billings
- Create and maintain any off-line spreadsheets or other financial reports as required in the contract and collaborate with PM / APM to compile and present monthly reports on project financial status including key performance indicators (such as WIP, AR, Burn Rates, Revenue Recognition, etc.) in preparation for monthly project review or as requested
- Participate in client and internal project meetings (as necessary), these may include regular meetings with PM, APM or project team in regard to estimate to complete, other project financial status meetings, and meetings with Operations Directors per the Monthly Project Review procedure
- Coordinate and collaborate with Billing Coordinator to ensure proper and timely invoicing per contract terms. May be responsible to submit the invoice to the client
- Perform additional responsibilities as required by business needs
Project Specific job duties include :
Contractor Payments : The Analyst is responsible to oversee the successful completion of the following activities which may also be performed by the Billing Coordinator. The Analyst and ensures quality of the following tasks :
Qualifications & Experience :
Compensation Range :
82,265.06 - $109,686.74
Don't meet every single requirement? Studies have shown that women and people of color are less likely to apply to jobs unless they meet every single qualification. At STV, we are fully committed to expanding our culture of diversity and inclusion, one that will reflect the clients we serve and the communities we work in, so if you're excited about this role but your past experience doesn't align perfectly with every qualification in the job description we encourage you to apply anyways. You may be just the right candidate for this or other roles.
STV offers the following benefits
STV is committed to paying all of its employees in a fair, equitable, and transparent manner. The listed pay range is STV's good-faith salary estimate for this position. Please note that the final salary offered for this position may be outside of this published range based on many factors, including but not limited to geography, education, experience, and / or certifications.
Salary : $82,265 - $109,687
