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Babcock & Wilcox · 23 hours ago

Project Accountant

Akron, OH

Contract

Hybrid

Senior Level

5+ years exp

Babcock & Wilcox is seeking a Project Accountant responsible for managing project accounting functions across various projects. The role involves cost tracking, forecasting, customer invoicing, and collaboration with project management and accounting teams to ensure accurate financial reporting and compliance with GAAP.

Electrical DistributionEnergyService Industry

Responsibilities

Develop and maintain good working relationships with both internal and external customers

Project set up and establishing WBS structure

Review and analyze costs on a weekly basis to ensure costs on the project are appropriate

Initiate customer billing and work with project management to monitor status and drive cash collections

Review AP hold list and update vendor accruals as required

Ensure that POC revenue recognition is appropriately reflected in project financials and in line with US GAAP

Generate the project revenue/cost forecast and project cash flow on a monthly basis

Report project performance by tracking actuals against planned values for revenue, gross profit, billing and cash receipts

Effectively communicate variances to plan with management

Track any changes to revenue or cost estimates in accordance with company policy through the contract change notice procedures

Generate the Project Status Report (PSR) monthly and special ad hoc reports/analysis as needed

Respond to internal and external audit requests timely

Monitor schedule progress against baseline and work with project management to drive the team towards meeting the schedule milestones

Quarterly forecasting

Maintain a timely change management program along with change order log

Maintain project risk and opportunity register and contingency draw down plan

Develop periodic (bi-weekly and monthly) reports to meet Client/Contract requirements

Conduct Project Close-out activities and participate in Project Lessons Learned

Attend site visits as required

Other duties as assigned

Qualification

Project Accounting ExperiencePercentage of Completion AccountingForecastingChange ManagementAnalytical SkillsProblem-Solving SkillsDetail Oriented

Required

Bachelor's degree in Accounting, Finance, or equivalent

5+ years of Project Accounting Experience

Proficient in percentage of completion accounting

Proficient in forecasting and change management

Detail oriented with a high level of accuracy

Strong creative, analytical, and problem-solving skills

Company

Babcock & Wilcox

Babcock & Wilcox, based in Akron, Ohio, USA is a global leader in energy and environmental technologies and services for power, renewable and industrial markets.

Founded in 1867

Charlotte, North Carolina, USA

1001-5000 employees