Project Accountant

Job Description

Job DescriptionAbout the Role:We are seeking a detail-oriented and analytical Project Accountant to join our dynamic team.The ideal candidate will be responsible for overseeing various financial aspects of our projects,including vendor invoice review, payment term analysis, invoice preparation, and maintainingaccurate financial records. Your role will be crucial in ensuring timely and accurate financialreporting and cash flow management.Key Responsibilities:Core Financial Responsibilities Vendor Invoice Review: Conduct a thorough review of vendor invoices for accuracy, completeness, andadherence to contractual terms. Verify rates, quantities, and calculations to ensure correct billing. Identify and resolve any discrepancies or issues with invoices promptly. Payment Term Review: Analyze vendor contracts and purchase orders to determine appropriate paymentterms. Ensure timely and accurate payment processing by adhering to establishedpayment schedules. Invoice Preparation: Prepare accurate and well-organized invoices for approval, including necessarydocumentation and supporting evidence. Coordinate with project managers and procurement teams to obtain requiredapprovals. Payment Processing: Process approved invoices through the accounting system, ensuring timelypayments to vendors. Maintain accurate records of all payments made. Maintain up-to-date records of all GST-related transactions and filings. Collaborate with other departments to gather financial information and resolve accountingdiscrepancies.Cash Flow Management Cash Flow Projections: Develop detailed cash flow projections, forecasting future inflows and outflows. Analyze cash flow trends and identify potential shortfalls or surpluses. Work closely with project managers to align project timelines with cash flowrequirements. Reconciliation: Perform regular bank reconciliations to ensure accurate cash balances. Investigate and resolve any discrepancies or mismatches between bank statementsand accounting records. Letter of Credit Tracking: Monitor and track the utilization of letters of credit (LCs). Ensure timely submission of required documents for LC draws and releases. Coordinate with banks and project stakeholders to facilitate smooth LC processes.Timely entry of invoices in the system in coordination with project team.Financial Reporting and Analysis Financial Reporting: Prepare regular financial reports, including project-specific reports and overallfinancial summaries. Analyze financial data to identify trends, potential issues, and areas forimprovement. Provide actionable insights and recommendations to management based onfinancial analysis. Maintenance of MIS & Preparation of Orders /LOA: Maintain accurate and up-to-date records of all financial transactions related toprojects. Utilize financial software and tools to track project budgets, expenses, and revenue. Prepare regular reports on project financial performance.Qualifications and Skills: Bachelor's degree in Accounting, Finance, or a related field. 2-3 years of experience in accounting or finance, preferably in a project-basedenvironment. Strong understanding of accounting principles and practices, including GAAP or IFRS. Proficiency in financial software and tools (e.g., ERP systems, Excel, accountingsoftware). Excellent analytical and problem-solving skills. Strong attention to detail and accuracy. Ability to work independently and as part of a team. Effective communication and interpersonal skills.

Keyskills :
accountingproject accountingbalanceaccounts receivable