Associate Project Accountant
Company: WSP
Location: Cleveland
Posted on: November 19, 2023
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Job Description:
Associate Project Accountant
Req ID 16358
Associate Project Accountant
Who We Are
At WSP, we are driven by inspiring future-ready pioneers to
innovate. We're looking to grow our teams with people who are ready
to collaborate in building communities and expanding our skylines.
To do this, we hire candidates of all experiences, skillsets,
backgrounds and walks of life. We actively foster a work
environment and culture where inclusion and diversity is part of
our fundamental structure. This is delivered behaviorally, through
our policies, trainings, local partnerships with professional
diverse organizations, internal networks and most importantly with
the support and sponsorship of our leaders who help drive our
commitment to an inclusive, diverse, welcoming and equitable work
environment. Anything is within our reach and yours as a WSP
employee. Come join us and help shape the future!
This Opportunity
WSP is currently initiating a search for an Associate Project
Accountant to support our Midwest District with preference to be
based out of the Chicago, IL office. Other Midwest locations
considered.
Provides professional accounting and financial specialist support
to a project team, reviewing and evaluating project charges for
accuracy, completing cost transfers, establishing and updating
funding as needed, instituting and maintaining project budgets, and
ensuring that all project data is current. Generates accurate and
concise documentation regarding
infrastructure/transportation/professional services projects within
Oracle, providing pre-billing information for project manager
review, and are accountable for independently reviewing, providing
QA/QC on invoices including recommendations to PM and ensuring
compliance with the contract. Ensures that responsibilities are
delivered and adhered to with a level of quality that meets or
exceeds acceptable industry standards, supporting the delivery of
future-ready solutions to clients.
Your Impact
Works independently to manage and analyze the collection,
recording, and allocation of project costs and revenue; ensuring
accurate project profit and loss calculations, budget vs. actual
cost, and developing and providing project financial performance
and profitability to project/program management.
Responsible for lifecycle project accounting from creating project
accounts in Oracle, to tracking projects and project budget,
validating invoicing, project close-out, and reconciling overall
project payables and receivables to project budgets.
Perform detailed and involved accounting tasks related to managing
project contract revenue, billing events, and billing transaction
exceptions.
Partner with the Project Manager and project team to establish the
project budget, updating budgets as needed when contract
modifications or budget changes arise.
Generate project financial reports, evaluating the reports for any
items that need to be escalated for review by the Project Manager
as necessary.
Authorize access to project accounts, and the transfer of expenses
into and out of project-related accounts in compliance with
established accounting practices and guidelines.
Maintain quality control standards and procedures for generating
accurate and precise project-related financial records using
Oracle, spreadsheets, and software.
For assigned projects, apply learned accounting expertise relating
to project resources, labor and expenses, investigating project
variances and submitting variance reports to management.
Verify contract and change order characteristics, including reading
and interpreting contract language, method of compensation,
modifications, purchase orders, and subcontract/consultant
terms.
Responsible for ensuring draft invoices from billing are accurate
based on the contract requirements agreed upon with the client,
identifying any corrections needed, obtaining Project Manager
documentation and signature, and finalizing the invoice approval
with the Project Manager/billing team and submits the invoice to
the client.
Subcontract management and coordination with Contract
Administrators. This includes evaluating subconsultant invoice
submittals for accuracy, establish and maintain purchase orders for
subconsultants, and request and follow up on subcontractor payment
requests with Accounts Payable.
Identify and record unpaid contract billings, following up on any
delinquent accounts receivable and/or unbilled costs.
Respond to requests for more detail from clients, investigate all
project expenses not billed to clients, and review and approve all
project-related billings to clients.
Attend project-related meetings to inform the team regarding the
current status of project financials, articulating problem projects
and following up on any identified actions as discussed.
Create and submit government reports related to projects.
Compile information for review by a more Senior Consultant prior to
submitting for internal and external auditors as required.
Remain current in latest project accounting principles and subject
matter.
Exercise responsible and ethical decision-making regarding company
funds, resources and conduct, and adhere to WSP's Code of Conduct
and related policies and procedures.
Perform additional responsibilities as required by business
needs.
Who You Are
Required Qualifications
Bachelor's Degree in Accounting, Business, or closely-related
discipline (or demonstrated proven equivalent experience).
1 to 3 years of relevant post education experience in accounting,
project contracts and change order documents.
Knowledge of project accounting principles, practices, and methods
and their application to project work-related issues.
Developing an analytical mindset with an ability to exercise sound
independent judgement in evaluating situations and making decisions
with financial implications to the company.
Capable interpersonal and communication skills when interacting
with others, expressing ideas effectively and professionally to an
accounting and non-accounting audience.
Capable self-leadership with attention to detail, accuracy,
multi-tasking, and prioritization of responsibilities in a dynamic
work environment.
Ability to work independently with minimal supervision, as well as
part of a team to meet business objectives.
Proficient with technical writing, office automation and accounting
software, technology, math principles, spreadsheets, MS Excel,
pivot tables, formulas, data format/sort/filter, predictive models,
and tools.
Critical thinking and problem-solving skills required to apply
learned subject matter and technical knowledge to reach conclusions
from data collation, documentation, statistical analysis, and
arriving at the most effective, economical, and logical
solution.
Awareness of and adherence to WSP USA's Project Delivery
Handbook.
Proven track record of upholding workplace safety and ability to
abide by WSP's health, safety and drug/alcohol and harassment
policies.
This is a professional role and as such work deadlines and work
hours may extend beyond a typical workday.
Occasional travel may be required depending on project-specific
requirements.
Preferred Qualifications:
#LI-MQ1
Additional Requirements
Additional Details
Travel Required: N/A - No travel required
Job Status: Regular
Employee Type: Full
Primary Location: CHICAGO - 30 N LASALLE ST
All locations: US-IA-Des Moines, US-IL-Chicago, US-IL-Springfield,
US-IL-Woodridge, US-IN-Indianapolis, US-KS-Kansas City,
US-KS-Topeka, US-KS-Wichita, US-KY-Fort Knox, US-KY-Lexington,
US-KY-Louisville, US-MI-Detroit, US-MI-Farmington Hills,
US-MI-Gladstone, US-MN-Golden Valley, US-MN-Minneapolis,
US-MN-Roseville, US-MO-Creve Coeur, US-MO-Kansas City, US-MO-St
Louis, US-ND-Bismarck, US-ND-Williston, US-NE-Grand Island,
US-NE-Lincoln, US-OH-Cincinnati, US-OH-Cleveland, US-OH-Columbus,
US-OH-Lima, US-OK-Oklahoma City, US-OR-Bend, US-SC-North
Charleston, US-SD-Rapid City, US-WI-Madison, US-WI-Milwaukee,
US-WI-Pewaukee
About WSP
WSP USA is the U.S. operating company of WSP, one of the world's
leading engineering and professional services firms. Dedicated to
serving local communities, we are engineers, planners, technical
experts, strategic advisors and construction management
professionals. WSP USA designs lasting solutions in the buildings,
transportation, energy, water and environment markets. With more
than 15,000 employees in over 300 offices across the U.S., we
partner with our clients to help communities prosper.
www.wsp.com
WSP provides a flexible and agile workplace model while meeting
client needs. Employees are also afforded a comprehensive suite of
benefits including medical, dental, vision, disability, life, and
retirement savings focused on providing health and financial
stability throughout the employee's career.
At WSP, we want to give our employees the challenges they seek to
grow their careers and knowledge base. Your daily contributions to
your team will be essential in meeting client objectives, goals and
challenges. Are you ready to get started?
WSP USA (and all of its U.S. companies) is an Equal Opportunity
Employer Race/Age/Color/Religion/Sex/Sexual Orientation/Gender
Identity/National Origin/Disability or Protected Veteran
Status.
The selected candidate must be authorized to work in the United
States.
NOTICE TO THIRD PARTY AGENCIES:
WSP does not accept unsolicited resumes from recruiters, employment
agencies, or other staffing services. Unsolicited resumes include
any resume or hiring document sent to WSP in the absence of a
signed Service Agreement where WSP has expressly requested
recruitment/staffing services specific to the position at hand. Any
unsolicited resumes, including those submitted to hiring managers
or other business leaders, will become the property of WSP and WSP
will have the right to hire that candidate without reservation - no
fee or other compensation will be owed or paid to the recruiter,
employment agency, or other staffing service.
Keywords: WSP, Cleveland , Associate Project Accountant, Accounting, Auditing , Cleveland, Ohio
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