Associate Project Accountant - Bethany, United States - Money Fit by DRS

Description

Position Summary

This role is responsible for setting up and monitoring the progress of projects, investigating and understanding variances between actuals and budgets, properly recognizing revenue in accordance with GAAP, and ensuring that project billings are issued to customers and payments collected in a timely manner.

Project Accountant will consistently demonstrate a high level of personal initiative, dependability, accuracy, professionalism and excellent customer service relations with both internal and external clients.

This role is responsible for all aspects of job costing process.
Reasonable Accommodations Statement
To perform this job successfully, an individual must be able to perform each essential duty listed below satisfactorily. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions.

Essential Functions Statement:
Participate in support of proposal development/pricing and/or departmental project forecasting.
Serve as the primary point of contact for the Project Manager on all direct project related financial tasks.

Analyze all direct project costs/fee/revenue data; monitor project budgets and progress; and share results with Program Managers to ensure projects achieve financial expectations.

Review and complete timely and accurate project monthly revenue recognition procedures, in accordance with GAAP and ICF policies.
Prepare and effectively review project-based forecasting, including Estimate-At-Complete (EAC)/Estimate-To-Complete (ETC) analyses.
Set-up projects with different contract types (Cost-Plus, T&M, and Fixed-Price) including proper billing and revenue terms.

Ensure that project set-ups and modifications are entered into D365 F& O in accordance with MSA's internal SOX policies and procedures.

Maintain D365 F & O project information (i.e., contract /funding values, period of performance, line of business, project labor categories, etc.).

Ensure timely invoice processing.

Work with assigned billing specialist; review and approve client invoices; follow up on collections; and analyze and understand unbilled WIP.

Manage project subcontractor invoices, including subcontractor invoice approval; invoice write-up and submission to Accounts Payable; and maintenance of subcontractor financial data for semi-annual subcontractor reporting.

Prepare project work plan / task order budgets as needed.
Maintain project forecasts to assist the project team with effective financial planning.
Prepare and submit project monthly progress reports /other reports as required.
Interact with other departments, such as Contracts, Pricing, Accounting, Project Management, and Business Unit Leads regarding project related issues.

Maintain open communication with direct management regarding financial results and ensure Project Managers and other senior personnel are aware of risks and opportunities identified during project financial tracking, revenue review, A/R, WIP, etc.

Review and monitor project funding and expenditures for contract 75% Limitation of Funds notification.

Prepare and provide necessary financial information (i.e., fee retention, final invoice review) and other related financial information/documentation to the MSA closeout department.

Competency Statements
Demonstrate success working in highly collaborative multi-function environment.
Must be results-oriented and demonstrate analytical thinking, innovation, and flexibility in dealing with changing and ambiguous situations.
Demonstrate success in managing comprehensive financial analysis.
Ability to motivate and maintain effective working relationships with staff.
Ability to interact professionally with both clients and company management.
Excellent problem solving and analytic skills required.
Must possess excellent verbal and written communication skills.
Manages staff in ways that improve their ability to succeed on the job.

Supervisory Responsibility
This role has no supervisory responsibilities.

Work Environment
This job operates in a clerical, office setting. This role routinely uses standard office equipment such as computers, phones, photocopiers, filing cabinets and fax machines.

Physical Demands
This is a largely sedentary role; however, some physical abilities may be required.

Position Type and Expected Hours of Work
This is a full-time position with typical working hours of Monday through Friday, 8:00 a.m. to 5:00 p.m. Hours and work shift may change in accordance with department and business needs. Exempt Employees must have the ability to be on-call and available, as business needs require.

Facility Location:
Oklahoma City, Oklahoma 7008 NW 63rd Street (Finance Building)
Travel

Travel requirements are: 10%.

Required Education and Experience

Education:
Bachelor's Degree in Accounting; or relevant work experience may be considered in lieu of degree.
Experience: 3+ years in the following: general accounting through reporting including the application of general accounting theory; service type cost reimbursable, fixed price and commercial contractors; and
maintaining financial records.

Computer Skills:
Intermediate Skill level in Microsoft Office Suite Programs; various accounting/ERP systems.

Preferred Experience
Experience and
Computer Skills:
Microsoft D365

Certificates and Licenses:
Valid Driver's License

Additional Eligibility Qualifications
Must be able to accomplish any and all duties with little or no assistance.
Must have good command of the English language; oral and written.

Work Authorization/Security Clearance
Employee must be a US citizen.

AAP/EEO Statement
Metrea Management LLC is an Equal Opportunity Employer.

Employment decisions are made without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or other characteristics protected by law.

Other Duties

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job.

Duties, responsibilities and activities may change at any time with or without notice.

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