Cost Accountant- Capital Projects

Description

The position works cross-functionally with Engineering, Procurement, and Project Management to ensure each project’s financial performance aligns with company goals, timelines, and governance standards.

The Cost Accountant / Financial Analyst – Capital Projects supports the Capital Project Management Office by providing precise financial analysis, cost control, and reporting for major capital initiatives, including new facilities, expansions, and infrastructure upgrades. This hybrid role integrates accounting discipline with project insight—ensuring accurate cost tracking, adherence to budgets, and strategic visibility into capital investments.

• Participate in month-end close processes related to capital projects (accruals, journal entries, reconciliations).
• Consolidate project-level forecasts into organizational reports for Finance and Operations.
• Ensure compliance with GAAP, company capitalization policies, and internal control requirements.
• Recommend and implement process improvements for project accounting and reporting workflows.
• Prepare monthly capital project financial summaries for senior leadership, including variance analysis and cash flow projections.
• Support internal and external audits by providing capital project financial documentation.
• Implementation of process and reporting improvements.
• Develop and maintain detailed cost tracking models for all capital expenditures (CAPEX), including budgets, commitments, forecasts, and actuals.
• Ensure accurate project closeout, fixed asset capitalization, and depreciation setup in accordance with company policy.
• Monitor spending patterns and identify cost-saving opportunities or process inefficiencies.
• Provide ad hoc analysis, scenario modeling, and variance reviews for capital investments.
• Support business case development, cost-benefit analysis, and return-on-investment (ROI) evaluations.
• Support plant and regional cost accounting initiatives that align with broader manufacturing finance objectives.
• Maintain accurate cost structures and allocation methods for capital and indirect costs.
• Reconcile project costs to general ledger and fixed asset systems.
• Partner with Project Managers to prepare and update project financial forecasts and identify cost variances.
• Review and validate purchase orders, change orders, and invoices for proper coding and compliance with project funding.
• Assist in preparing annual and long-term capital budgets.

Requirements

• Project Controls Software: Oracle Primavera P6, Microsoft Project, or Procore.
• Advanced Excel Skills: Pivot tables, financial modeling, and scenario analysis.
• ERP Systems: SAP, Oracle, or NetSuite (Project Systems / Project Accounting modules).
• Experience within manufacturing, construction, or industrial capital project environments highly desirable.
• Financial Planning & Analysis Tools: Power BI, Tableau, Adaptive Insights, or Anaplan.
• Effective communication and collaboration with project, engineering, and finance teams.
• Compliance with capitalization and audit standards.
• Cost Management Applications: EcoSys, ARES Prism, or Deltek Cobra (preferred).
• Comfortable working in a hybrid office/project site environment.
• 4–8 years of experience in cost accounting, project accounting, or financial analysis.
• Demonstrated ability to streamline data and communicate insights to leadership.
• Knowledge of capital project accounting, cost controls, and capitalization principles.
• Forecasting and variance analysis precision.
• Strong analytical and problem-solving skills with meticulous attention to detail.
• Accuracy and timeliness of capital project financial data.
• Bachelor’s degree in Accounting, Finance, or related field required; CPA, CMA, or MBA preferred.

Benefits

Training + Development

Interview process

Visa Sponsorship

Security clearance