Project Accounting Specialist

Why Black and Veatch

Black & Veatch allows you to lend your talent and perspective to humanity’s biggest challenges in a flexible environment where you are empowered to grow and explore new possibilities. We offer competitive compensation; 401K match and benefits that start day 1. 
 
Our hybrid environment allows you to balance your work and personal life. At Black & Veatch, you own your career with purpose and meaning. You are empowered to grow and explore new possibilities at every step of your career journey. Bring your big ideas knowing you are safe to be who you are and speak up with concerns or questions and put your diverse talents and perspectives to use.

The Opportunity

As a Project Accountaint Specialist, you will have the opportunity to:

• Be responsible for performing advanced level accounting duties of assigned projects, such as revenue recognition, transactional accounting, complex invoicing
• Work on projects are typically very complex in nature
• Be responsible for analysis, forecasting, budgeting and reporting
• Serve as trusted business advisor to management related to financial insight and performance
• Provide resolution of complex and/or high-risk issues
• Ensure the project is in compliance with contractual obligations, as appropriate
• Work under minimal supervision

The Team

The Black & Veatch Federal Business is grounded in history and engineering the future. We have 100+ years of experience supporting the Federal government and are dedicated to employing talented and passionate professionals. Our vision is to be the greatest infrastructure solutions provider delivering top tier and high-quality design and engineering services to the Federal government. Our primary areas of focus include: Architecture/Engineering (A/E) and Classified Design Services, Construction Designer of Record (DOR) Services, Environmental Services, and Integrated (multi subcontract) Services. 

Typical client base includes Department of Defense (DOD), United States Army Corp of Engineers (USACE) and many private companies in the Federal arena where Black & Veatch frequently teams for project execution in joint venture (JV) roles or utilizes a sub/prime contracting arrangement. 

Key Responsibilities

• Reviews and provides guidance regarding complex invoice matters
• May generate, audit and distribute draft invoices and/or credit memos to Project Management for review based on understanding of contract
• Obtains appropriate approval and distributes accordingly
• Researches and resolves complex invoice matters
• May approve credit memos
• Monitors and coordinates compliance with tax regulations
• Monitors cash collections for assigned project(s) by actively communicating aging risk to project management to determine necessary collection actions
• Communicates with clients regarding past due invoices
• Researches and responds to project related questions, including questions from management
• May consolidate reporting for assigned business area
• Provides ad hoc financial research and analysis to primary internal clients
• Includes identifying areas of concern, recommendations and support of implementation.
• Reviews assigned project and/or business area income statement for accuracy; reporting, analysis and variance explanation for projects; identifies and communicates financial risk & opportunities
• Updates business systems with project budget and current project forecasted costs.
• Prepares and analyzes project and/or business area budget & forecast; develops financial models
• Structures and opens projects in accounting system
• Consults with Corporate subject matter experts to minimize exposure
• May administer project cash disbursements for assigned projects
• Communicates project financial information to management for assigned project and/or business area
• Identifies and communicates material variances
• Reviews, presents, and may compile project financial data as required for project(s) and/or business area(s); notifies appropriate level of management with material variances.
• Supports evaluation, development and implementation of project accounting tools & procedures that enhance and improve overall results of assigned project(s) and/or business area(s)
• May assist by providing documentation to support the proposal process
• May participate in proposal team process to develop cost estimates
• Complexity and volume includes several of the following: joint ventures, reporting in currencies other than domestic, on-shore/off-shore, multiple contracts, multiple task orders, and/or purchase orders
• Contract value corresponds with interactions of primary internal clients.
• Assists with audit requests by providing and/or reviewing supporting documentation.
• Interacts directly with auditors as necessary
• Recognized as a specialist having in-depth technical knowledge
• Assists with review of policies and procedures
• May assist with knowledge transfer and training for project accounting staff, as assigned. · Identifies and assesses improvement opportunities which will add value
• Champions continuous improvement efforts
• Assesses and supports the change management effects associated with the implementation of improvement
• Proactively supports, encourages and facilitates staff to engage in continuous improvement activities

Preferred Qualifications

• Master Business Administration (MBA) or MS in Accounting, preferred.
• Experience preferably four years in project accounting
• Federal Government Contracting experience a plus Technical
• Knowledge of FAR and CAS
• Knowledge of Microsoft (Excel, Word, PowerPoint) Intermediate
• Knowledge of Microsoft Access, Basic
• Knowledge of Black & Veatch Systems, Intermediate
• Knowledge of percent complete accounting, Intermediate
• Technical accounting knowledge, Intermediate
• Knowledge of Financial Statement analysis, Intermediate
• Knowledge of foreign currency terminology and concepts, Basic.

Assigned to projects for U.S. Government Agency/Department clients. Candidate must be a U.S. Citizen.

Minimum Qualifications

• Bachelor's Degree in Accounting or Finance, or equivalent experience
• Typically 7+ years related experience
• All applicants must be able to complete pre-employment onboarding requirements (if selected) which may include any/all of the following: criminal/civil background check, drug screen, and motor vehicle records search, in compliance with any applicable laws and regulations.

Work Environment/Physical Demands

• Typical office environment
• Limited travel
• Hybrid or flexible work options may be offered after the first 90 days of employment based upon manager discretion, job performance and work assignments.

Salary Plan

Job Grade