Jr. Project Accountant

• Assist with project setup in Deltek Costpoint, including establishing and maintaining contract/funded values, periods of performance, billing and revenue formulas, workforce data, and ensuring accurate project configuration during kickoff meetings.
• Set up and maintain project records in accordance with contract requirements, support the establishment of cost/schedule baselines, and ensure billing and revenue formulas are correctly implemented.
• Develop, maintain, and analyze ETCs and EACs for assigned projects, regularly update them with Program Management, and support preparation for monthly and quarterly project reviews.
• Assist the Senior Project Accountant with preparing contract budgets and quarterly forecast updates, as well as supporting Program Management in developing annual direct budgets.
• Manage multiple projects’ financial activities including budgeting, forecasting, revenue recognition, cost accruals, variance analysis, and overall project financial monitoring.
• Review project costs and revenue each month, generate accruals, support month-end close activities, and ensure correct coding of labor, materials, travel, and ODCs in alignment with revenue recognition rules.
• Prepare and submit accurate monthly project invoices, including supporting documentation, reviewing expense reports, tracking unbilled receivables, and resolving billing issues as needed.
• Monitor and analyze actual financial performance against budgets, identify variances, and recommend improvements or corrective actions.
• Prepare purchase requisitions, review and approve subcontractor invoices for compliance with contract and subcontract terms, and monitor subcontract funding levels.
• Track contract funding, prepare limitation of funds notices, identify at-risk funding situations, and support Contracts in meeting funding milestone requirements.
• Implement project-related financial policies and procedures and provide support for pricing tasks on new and existing contracts when needed.

• Bachelor’s Degree in Accounting or Finance
• 2 - 4 years’ related experience preferred
• Previous experience in billing, finance, or other related fields
• Knowledge of GAAP
• Experience with Costpoint
• Ability to prioritize and multitask

Work environment

• This work is normally completed in a remote environment.

Physical demands

•        Prolonged periods of sitting at a desk and working on a computer.
•        Must be able to access and navigate each department at the organization's and client facilities.

Travel required

• No

Proficiency Requirement

• The employee is expected to demonstrate proficiency in all essential job functions, tools, and processes related to this position within the first 90 days of employment. This includes acquiring a thorough understanding of job-specific responsibilities, systems, and workflows as outlined during onboarding and training. Failure to meet this requirement may result in additional training, reassessment, or other actions as deemed necessary by management.