What does a Project Accountant do?

Project accountants provide financial support, guidance, and oversight for specific business projects. They are typically involved in the financial aspects at all phases of the project lifecycle. They oversee any necessary pre-authorizations or approvals. They review, verify, and process all invoices and purchase orders. They also review and process expense and mileage reports and payments for vendors and contractors, and ensure all necessary tax paperwork is completed. They prepare expenditure reports with detailed supporting documentation, if needed, and compile final report summaries.

Project accountants typically have a bachelor’s degree in accounting, finance, or a related field. They should be proficient with major accounting software programs, along with office programs such as Excel. Familiarity with standard billing protocol and processes is expected, and strong project management skills are required.

What responsibilities are common for Project Accountant jobs?
  • Support foreign entity compliance with US GAAP.
  • Reconcile monthly inventories, and materials analysis as directed.
  • Oversee the filing for the department, electronically and paper.
  • Ensure all project costs (equipment, material, supplies, misc.) are processed.
  • Perform grant closeout functions including reconciliations, financial status reports, final invoices, and final reporting.
  • Review unit entry and unit reconciliations as prepared by supporting staff.
  • Assist with preparation of company annual projections and budgets.
  • Ensure proper payments to all subcontractors and major suppliers.
  • Produce statements and reports using a variety of sources.
  • Serve as backup to approve expense transactions to ensure accuracy and complete journal entries.
  • Review and process project related contracts, subcontracts, purchase orders and other various agreements as required.
  • Complete other related duties and assist with special projects as needed.
  • Conform to company apparel standards and set a positive example for all associates.
  • Act as a point of contact for external auditors on any technical accounting matters.
  • Assist with other areas of accounting to ensure a timely month-end closing.
  • Ensure cash receipts are posted to the correct invoice.
  • Responsible for being subject matter expert on key GAAP and SEC accounting related issues.
  • Assist with time and effort reporting system and ensures it is complete and in compliance with applicable regulations.
  • Review and process general job cost invoices and subcontractor billings accurately and timely.
  • Work under direct supervision, completing assigned tasks in support of less complex projects.
  • Review projects for accurate revenue recognition and provide project analysis and recommendations based on findings.
  • Coordinate the 401K audit and Form 11-K filing with the SEC.
What are the typical qualifications for Project Accountant jobs?
  • Bachelor's or Graduate's Degree in accounting, business, engineering or information technology or equivalent experience.
  • Experience with General Ledger, CMA, SOX, and Cloud software and systems.
  • Fluent in spreadsheets, change orders, and enterprise resource planning.
  • Comfortable collaborating with others to run month end closes and expense reports.
  • A critical thinker and leader with an eye on problem solving and attention to details.
  • Comfortable running variance analysis.
Work/Life Balance
3.6 ★
Salary Range--
Career Opportunity
3.4 ★
Avg. Experience2-4 years

Project Accountant Salaries near United Kingdom

Average Base Pay

£52,313 /yr
Not including cash compensation
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Glassdoor Estimated Salary

Project Accountant Career Path

Learn how to become a Project Accountant, what skills and education you need to succeed, and what level of pay to expect at each step on your career path.

Project Accountant

Years of Experience Distribution

0 - 1
2 - 4
5 - 7
Not including years spent in education and/or training

Project Accountant Insights

Read what Project Accountant professionals have to say about their job experiences and view top companies for this career.
Colarelli ConstructionColarelli Construction
Project Accountant
7 Aug 2023

“Our president goes above and beyond to encourage and nurture each employee's individual passions and educational goals.”

Project Accountant
8 Jun 2022

“Team was nice and cool to work with”

Swiss ReSwiss Re
Technical Accountant
11 Feb 2022

“One the best in industry if you want to learn reinsurance and insurance and grow your career into that”

Project Accountant
2 May 2023

“Salary mapping is outdated and terrible.”

Project Accountant
26 Jan 2022

“Everyone is nice and fun to work with.”

Crown AgentsCrown Agents
Junior Project Accountant
2 Nov 2022

“Nice people and do really good work around the world”

The Haskell CompanyThe Haskell Company
Project Accountant
16 Nov 2022

“Flexible work and shifting schedule”

Turner ConstructionTurner Construction
Project Accountant
9 Feb 2023

“Good work and life balance”

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Project Accountant Interviews

Frequently asked questions about the role and responsibilities of a Project Accountant

The most similar professions to Project Accountant are:
  • Management Accountant
  • Accountant
  • Accounting Manager
  • Cost Accountant

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Management Accountant
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Accounting Manager
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Project Accountant jobs