Job Summary

We are looking for an experienced Senior Cost & Project Accountant to take responsibility for project costing, financial accounting, month-end closing, financial reporting, and project profitability analysis.

The successful candidate will be a hands-on accounting professional who can independently manage the month-end and year-end closing processes, prepare financial statements and management reports, analyze financial performance, and present key financial insights and recommendations to management.

Key Responsibilities

1. Project Costing & Profitability

Take ownership of project costing and financial performance from project initiation through project completion.
Monitor and analyze project costs, including consultant labor costs, subcontractor costs, software and license costs, cloud services, travel expenses, and other project-related expenses.
Review employee and consultant timesheets and ensure labor costs are accurately allocated to the appropriate projects.
Analyze Actual Cost vs. Budget vs. Forecast and investigate significant variances.
Prepare and analyze Project Gross Profit and Gross Margin by project.
Monitor projects with cost overruns or declining margins and provide recommendations to management and Project Managers.
Prepare project forecasts and Estimate to Complete (ETC) to assess expected project costs and profitability.
Ensure revenue, costs, and project margins are accurately recorded and reported.

2. Month-End & Year-End Closing

Independently manage and coordinate the month-end and year-end closing process within the agreed timeline.
Review General Ledger transactions and ensure the accuracy and completeness of accounting entries.
Prepare and review accruals, prepaid expenses, deferred revenue, and other adjusting entries.
Perform account reconciliations for key accounts, including AR, AP, Bank, Accrued Expenses, and project-related accounts.
Review revenue and cost recognition in accordance with accounting policies and applicable accounting standards.
Prepare and review Trial Balance and supporting schedules for financial reporting.
Identify unusual or incorrect accounting transactions and coordinate corrective actions.
Coordinate with external auditors and provide supporting schedules and documentation for audit purposes.

3. Financial Statements & Management Reporting

Prepare and review monthly and annual financial statements, including Balance Sheet, Income Statement, and Cash Flow Statement.
Prepare monthly Management Reports and financial performance analysis.
Analyze Actual vs. Budget vs. Forecast and explain key variances.
Analyze revenue, gross profit, gross margin, operating expenses, and overall business profitability.
Prepare management dashboards and financial reports to provide clear visibility into business and project performance.
Present key financial results, business insights, and recommendations to management.
Provide financial analysis and recommendations to support management decision-making.

4. Budgeting & Forecasting

Support the preparation of the annual budget and financial forecasts.
Prepare revenue, cost, and profitability forecasts for individual projects.
Monitor actual performance against budget and provide variance analysis.
Identify financial trends and potential risks and provide forward-looking analysis to management.
Work closely with Project Managers and business teams to improve project profitability and financial performance.

5. Internal Control & Process Improvement

Review and improve accounting and project cost control processes.
Ensure the completeness and accuracy of financial information received from Project Management, HR, Procurement, and other departments.
Develop and improve project costing and management reporting processes.
Identify opportunities to improve cost efficiency and project profitability.
Support the development and implementation of accounting policies, procedures, and internal controls.

Qualifications

Bachelor's degree or higher in Accounting, Finance, or a related field.
5–8+ years of accounting experience, with experience at Senior Accountant or equivalent level.
Solid experience in Project Accounting, Cost Accounting, and Financial Reporting.
Experience in IT Consulting, IT Services, Software, System Integration, or other project-based businesses is highly preferred.
Proven experience in month-end and year-end closing and financial statement preparation.
Strong understanding of project costing, project profitability, and gross margin analysis.
Good knowledge of revenue recognition and accrual accounting.
Ability to prepare management reports and confidently present financial information to senior management.
Strong Microsoft Excel skills, including Pivot Tables, XLOOKUP/VLOOKUP, SUMIFS, and financial analysis.
Good knowledge of applicable accounting standards and experience working with external auditors.
Strong analytical, problem-solving, and attention-to-detail skills.
Excellent communication and presentation skills, with the ability to explain financial information to non-finance stakeholders.
Able to work independently, manage multiple priorities, and meet tight deadlines.

Key Competencies

Financial Accounting & Reporting
Month-End & Year-End Closing
Project Cost Accounting
Project Profitability Analysis
Budgeting & Forecasting
Cost & Variance Analysis
Management Reporting
Revenue & Cost Recognition
Financial Analysis
Internal Controls
Advanced Microsoft Excel
ERP / Accounting Systems
Business Communication & Presentation