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WSP-Parsons Brinckerhoff Project Accountant I (ID# 48423) in Buffalo, New York

Project Accountant I (ID# 48423) Buffalo, NY

Category: Project Accounting

Job Type: Full Time

Minimum Experience: 1-3

Required Education: Bachelor's Degree

Job Description

Be involved in projects with our Project Accounting Team and be a part of a growing organization that meets our client’s objectives and solves their challenges.

At WSP, we are driven by inspiring the right people to be part of our future-focused business objectives. Our devotion to teamwork has allowed us to build communities and expand our skylines. Here at WSP, anything is within our reach and yours as a WSP employee. Come join us and help shape the future!

WSP is currently initiating a search for a Project Accountant I for our Buffalo, New York office.

JOB SUMMARY:

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 their portfolio of projects within Oracle, providing pre-billing information for project manager review, and are accountable to ensure that the preparation of invoices completed by the billing department are reviewed and meet contractual and client requirements. 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.

MAJOR DUTIES:

  • For assigned project(s), manage and analyze the collection, recording, and allocating of project costs and revenue, ensuring accurate project profit and loss calculations, and communicating 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, billing events and billing transaction exceptions revenue for medium-sized and/or moderate-level complex projects

  • Partner with the Project Manager and project team to establish the project budget, updating budgets, and making project accounting recommendations as needed when contract modifications or budget changes arise

  • Generate project financial reports, evaluating the reports for any items, including labor breakage, 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 for projects that are medium-sized and/or of a moderate-level of complexity, including reading and interpreting contract language, method of compensation, modifications, purchase orders, and subcontract/consultant terms

  • Monitor key indicators for managing and analyzing problem projects, keeping project managers and/or project accounting manager informed on any noted concerns

  • Responsible for ensuring draft invoices from billing are accurate based on the contract requirements agreed upon with the client; identifying any needed corrections, obtains Project Manager documentation and signature. Finalizes 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 requests and follows 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

  • May 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

  • Interact with regulatory agencies, subcontractors, and clients in a confident and professional manner

  • Perform additional responsibilities as required by business needs.

  • 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.

Job Requirements

Talent is the essence of meeting our client’s objectives, goals and challenges. If this sounds like a fit for you, we’d love to have that first discussion of you joining our team.

MINIMUM 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 management documents

  • Working knowledge of project accounting principles, practices, and methods and their application to project work-related issues

  • Proficiency with technical writing, office automation and accounting software, technology, math principles, spreadsheets, MS Excel, pivot tables, formulas, data format/sort/filter, VLOOKUP, predictive models, and tools

  • Proven track record of upholding workplace safety and ability to abide by WSP’s health, safety and drug/alcohol and harassment policies

Candidates will be required to take an Excel Assessment test.

PREFERRED QUALIFICATIONS:

  • Familiarity with Oracle preferred.

  • Experience with an engineering, Energy, or construction firm is a plus.

About WSP USA

WSP USA is the U.S. operating company of 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 transportation, buildings, energy, water and environment sectors. With nearly 9,500 people in 150 offices across the U.S., we partner with our clients to help communities prosper.www.wsp.com/usa

WSP provides a comprehensive suite of benefits including medical, dental, vision, disability, life, and retirement savings focused on a 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 a key piece in our meeting client objectives, goals and challenges. Are you ready to get started?

WSP USA Inc., WSP USA Buildings Inc., and WSP USA Services Inc. (collectively “WSP USA”) 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.

Relocation assistance is not available for this position.

WSP USA (and all of its US companies) is an Equal Opportunity Employer Race/Age/Color/Religion/Sex/Sexual Orientation/Gender Identity/National Origin/Disability or Protected Veteran Status.

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