Project Accountant

Job Description

Project Accountant | NV5

The Tone:
This is a Project Accountant role at NV5, a provider of Consulting and Engineering (C&E) services to both public and private sector clients. The company delivers solutions across various specialized areas, helping clients plan, design, build, test, certify, and operate projects that improve communities. This position is essential for supporting all financial operations related to projects, from initial setup through to completion, ensuring accuracy in revenue recognition, invoicing, and reporting.

The TL;DR
• Role: Early Career
• Location: Not specified
• Team: Collaborates with Controllers, Assistant Controllers, Executives, Business Unit Leaders, and Project Managers.
• Mission: To ensure accurate financial tracking and reporting for projects, from setup to close, supporting all project-related financial operations.
• Tech Stack: Deltek Vantage Point, MS Excel, MS Word

What You’ll Actually Do
• Project Setup & Configuration: Set up projects in Deltek Vantage Point according to contract and revenue method, accurately inputting billing terms, entering project budget information, and uploading all required documents.
• Financial Management & Invoicing: Maintain and update projects throughout their lifecycle, including managing revenue recognition, processing invoicing, handling change orders, and integrating additional task orders. This also involves processing, reviewing, and distributing monthly invoices to clients.
• Revenue Recognition & Reporting: Perform ongoing backlog review and maintenance, run and review project reports to assist with revenue generation, maintain and clean up projects regularly, and review unbilled detail in collaboration with assigned Business Unit leaders.
• Transaction Processing & Close Support: Enter project-related vendor AP invoices and code them to appropriate projects, process unit transactions, record requested labor adjustments, coordinate subconsultant/subcontractor billing and retainage tracking, and assist in monthly close activities including journal entries and accruals.
• Audit & Collections Support: Provide comprehensive support for project audits and assist with the Accounts Receivable (AR) collections process by running and distributing monthly AR reports to Business Unit leaders.

The Must-Haves
• Background: An Associate Degree in Accounting or a combination of degree and relevant financial experience, or 2 years of relevant project accounting experience.
• Experience: Proficiency in Deltek Vantage Point or a similar Enterprise Resource Planning (ERP) environment.
• Skills: Strong analytical and critical thinking abilities, proficiency in MS Excel and Word, solid organizational skills with superior attention to detail and time management, strong verbal and written communication skills, great interpersonal and relationship-building skills, and the ability to adapt to new and changing processes quickly.
• Bonus: A Bachelor of Science in Accounting and 2 years of experience specifically with project accounting in a high volume Consulting & Engineering (C&E) environment.