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Senior Accountant

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A senior accountant is responsible for tracking the financial aspects of individual projects within a company, including budgeting, cost monitoring, revenue tracking, and billing, by closely collaborating with project managers to ensure projects are completed within budget and profitability targets are met; their duties involve preparing detailed financial reports, analyzing variances, and identifying potential risks to project finances.

Key responsibilities of a project accountant:

· Budgeting and Forecasting:

Develop and manage project budgets, forecast future costs, and identify potential cost overruns.

· Cost Tracking:

Monitor project expenses against the budget, analyze variances, and investigate discrepancies.

· Billing and Revenue Recognition:

Generate project invoices, track receivables, and ensure timely billing according to project milestones.

· Financial Reporting:

Prepare detailed project financial reports, including profit and loss statements, for management review.

· Project Setup:

Establish project accounting systems, including coding structures and tracking mechanisms for each project.

· Collaboration with Project Managers:

Partner with project managers to provide financial insights, identify potential risks, and make informed project decisions.

· Vendor Management:

Review and approve vendor invoices related to projects.

· Compliance:

Ensure adherence to accounting standards and regulations relevant to project accounting.

Strong analytical and problem-solving skills
Excellent attention to detail and accuracy
Proficiency in project management software and accounting systems
Ability to multitask and manage multiple projects simultaneously
Strong communication and collaboration skills to work effectively with project teams
Understanding of project accounting principles and best practices

100,000.00