Project Accountant

This Project Accountant is responsible for managing and overseeing all financial activities related to contracts and private funded projects including: project cost tracking, billing, reporting, and compliance with state and federal funding regulations. The Project Accountant plays a key role in ensuring that all MDOT project accounting is accurate, transparent, and audit-ready, while supporting project managers and leadership with timely financial data and insights.

This is an excellent opportunity for someone who wants to grow in their career and have the autonomy to make decisions, create SOPs and spearhead process improvements. This company has very little turnover which speaks volumes of their culture and work life balance.

Project Accountant Key Responsibilities:

• Prepare and process invoices, pay estimates, and supporting documentation in compliance with MDOT funding and reporting requirements.
• Maintain detailed cost records for projects, ensuring accurate allocation of labor, equipment, subcontractor, and material costs.
• Review and reconcile job cost reports, general ledger entries, and project budgets on a monthly basis.
• Ensure compliance with accounting standards, and other applicable state/federal cost principles.
• Deliver on time and accurate reporting of WIP including job / labor and material costing.
• Maintain control records of existing inventory, purchased items and track expenses per project
• Assist in preparing project-related financial reports for internal management and external agencies.
• Support audit preparation and provide documentation for MDOT and third-party financial reviews.
• Collaborate with project managers to monitor project budgets, forecast expenditures, and analyze variances.
• Maintain organized documentation for all project-related financial activity.
• Assist with contract setup, change orders, and funding adjustments in coordination with finance and project teams.
• Assist with year end closing.
• Participate in continuous improvement of accounting processes related to government-funded projects.

Project Accountant Education & Qualifications

• Education: Bachelor’s degree in accounting, Finance, or Business Administration required.(Preferred)
• Experience: 3–5 years of accounting experience, preferably in construction, engineering, or transportation sectors.
• Preferred:
• • Experience with MDOT project accounting
  • Familiarity with state and federal grant compliance, Davis-Bacon Act requirements, and prevailing wage reporting.
• Skills:
• • Strong understanding of GAAP and governmental accounting principles.
  • Proficiency with accounting software (AASHTOWare, Sage/Intact, Field Manager) data query/reporting tools and knowledge of Prevailing Wage programs is a plus
  • Knowledge of LCP Tracker software a plus
  • Proficient with AIA and other basic construction payment request documents
  • Excellent Microsoft Excel and data management skills.
  • Strong attention to detail, organizational, and analytical skills.
  • Ability to communicate effectively with project and finance teams.