Job Details

Overview:

Responsible for managing the financial aspects of individual projects, including tracking project costs, budgeting, forecasting, and generating financial reports to ensure projects stay within budget and meet profitability goals, often collaborating closely with project managers to monitor financial performance and identify potential issues; key duties include setting up project accounts, recording transactions related to the project, analyzing financial data, and providing regular updates on project finances to stakeholders.

Key Responsibilities:

• Project budgeting: Develop and maintain project budgets, tracking expenses against allocated funds.
• Cost tracking: Monitor project costs, identifying variances between estimated and actual expenses.
• Financial reporting: Prepare detailed project financial reports, including income statements, balance sheets, and cash flow analysis.
• Contract management: Understand project contracts and ensure compliance with billing terms and revenue recognition guidelines.
• Variance analysis: Analyze budget deviations, identifying areas of concern and proposing corrective actions.
• Project forecasting: Estimate future project costs and profitability based on current performance.
• Stakeholder communication: Regularly communicate project financial status to project managers, senior management, and clients
• Account reconciliation: Ensure accuracy of project accounts by reconciling transactions and resolving discrepancies.
• Project closure: Close out completed projects, including final financial reporting and account reconciliation

Required Skills:

• Strong analytical skills to interpret financial data and identify trends
• Excellent communication skills to effectively collaborate with project teams and stakeholders
• Proficiency in accounting software and project management tools
• Detail-oriented with a focus on accuracy and compliance
• Understanding of project management principles and methodologies
• Ability to work independently and as part of a team

Education:

• Bachelor’s Degree in Accounting, Finance or related field is a plus.