Project Accountant

Position Title: Project Accountant

Location: Sterling, VA (Onsite)

Assignment Type: Permanent Hire

Compensation: $75,000 – $80,000 / Annually

Work Schedule: M-F 9-5

Benefits: This position is eligible for Medical, Dental, Vision, and 401(k)

Job Description:

We are seeking a detail-oriented Project Accountant to support financial operations across multiple projects. This role will work closely with project managers and accounting leadership to ensure accurate cost tracking, billing, and financial reporting throughout the project lifecycle.

Key Responsibilities:

Project Accounting & Job Costing

• Track and monitor project costs including labor, materials, and subcontractors
• Maintain accurate job cost reports and analyze budget vs. actual performance
• Partner with project teams to review financial performance and identify variances

Billing & Revenue Recognition

• Prepare and process progress billings and support percentage-of-completion revenue recognition
• Ensure timely and accurate invoicing in alignment with contract terms
• Track and reconcile billings, including over/under billing

WIP & Financial Reporting

• Prepare and maintain Work-in-Progress (WIP) schedules
• Assist with month-end close, including accruals and journal entries
• Reconcile project sub-ledgers to the general ledger

Compliance & Reporting

• Support compliance-related reporting and maintain accurate documentation for audits
• Assist with payroll-related project reporting and ensure alignment with applicable regulations

General Accounting Support

• Review and code invoices to appropriate jobs and cost codes
• Support AP/AR processes tied to project accounting
• Assist with internal and external audits as needed

Qualifications:

• 3+ years of project accounting experience
• Experience with job costing and project-based accounting environments
• Understanding of billing processes and revenue recognition concepts
• ERP system experience (training provided on internal system)
• Strong analytical and problem-solving skills
• Ability to work cross-functionally and communicate effectively
• Detail-oriented with strong organizational skills

Addison Group is an Equal Opportunity Employer. Addison Group provides equal employment opportunities (EEO) to all employees and applicants without regard to race, color, religion, gender, sexual orientation, national origin, age, disability, genetic information, marital status, amnesty, or status as a covered veteran, in accordance with applicable federal, state, and local laws. Reasonable accommodation is available for qualified individuals with disabilities upon request.

IND 002-004