Project Accountant

We are looking for a Project Accountant to support the financial management of active projects in Elk Grove Village, Illinois. This Contract position is ideal for a detail-focused accounting specialist who can manage project financials, billing activity, and reporting with accuracy and consistency. The role works closely with project leadership and internal teams to help maintain budget visibility, support sound financial decisions, and ensure compliance with accounting standards and company policies.

Responsibilities:

• Manage the accounting activities for multiple projects at the same time, maintaining accurate financial records from project start through completion.
• Track budgets, committed costs, spending activity, and overall financial results to help keep projects aligned with business and client expectations.
• Prepare recurring project-level financial reporting, including profitability analysis, income statements, balance sheets, and cash flow summaries.
• Review cost trends and budget variances, identify risks or inefficiencies, and recommend practical actions to improve cost performance.
• Partner with project managers to validate charges, review work in progress, and confirm that project costs are recorded correctly.
• Process and review client invoices for completeness and accuracy, coordinating with project teams to gather billing support and resolve discrepancies.
• Monitor accounts receivable related to project work and follow up on outstanding payments to support timely collections.
• Participate in month-end close activities tied to project accounting, ensuring deadlines are met and financial data is properly reconciled.
• Collaborate with procurement and other internal departments to collect financial information and provide clear updates to both finance and non-finance stakeholders.
• Maintain adherence to accepted accounting practices, organizational policies, confidentiality standards, and other assigned responsibilities as needed.
• Bachelor’s degree in Accounting or a related field is required.
• At least 2 years of experience in project accounting or a closely related accounting role.
• Working knowledge of project accounting concepts, including budgeting, work in progress tracking, and job cost oversight.
• Experience supporting month-end close and preparing accurate financial reports.
• Proficiency with accounting software and Microsoft Office applications, including strong spreadsheet skills.
• Strong written and verbal communication skills with the ability to explain financial information clearly.
• High attention to detail, strong organizational skills, and the ability to manage multiple priorities within deadlines.
• Experience with construction accounting and certified payroll is preferred.