Project Accountant at Babcock & Wilcox in Akron, Ohio, United States | Kablio

Role

Description

project set‑up

cost tracking

revenue forecast

cash flow

change management

financial reporting

The Project Accountant implements and carries out the project accounting function across various projects, handling set‑up, cost tracking, reporting, forecasting, invoicing and other duties. The role works closely with project management, scheduling, supply chain, and accounting to monitor, report, and forecast project performance. It also ensures compliance with US GAAP and supports audit requests.

Develop and maintain good working relationships with internal and external customers.
Set up projects and establish WBS structure.
Review and analyze weekly project costs.
Initiate customer billing and collaborate with project management to monitor status and drive cash collections.
Review AP hold list and update vendor accruals as needed.
Ensure POC revenue recognition aligns with project financials and US GAAP.
Generate monthly project revenue/cost forecast and cash flow.
Report project performance by tracking actuals versus planned revenue, gross profit, billing, and cash receipts.
Communicate variances to management.
Track changes to revenue or cost estimates via contract change notice procedures.
Produce monthly Project Status Report and ad‑hoc reports/analysis.
Respond promptly to internal and external audit requests.
Monitor schedule progress against baseline and help achieve schedule milestones.
Perform quarterly forecasting.
Maintain change management program and change order log.
Maintain project risk and opportunity register and contingency draw‑down plan.
Develop bi‑weekly and monthly reports to meet client/contract requirements.
Conduct project close‑out activities and participate in lessons learned.
Attend site visits as required.

Requirements

bachelor's

5+ years

project accounting

percent completion

forecasting

analytical

The position requires a bachelor’s degree in Accounting, Finance, or a related field and at least five years of project‑accounting experience. Candidates must be proficient in percentage‑of‑completion accounting, forecasting, and change‑management processes, and demonstrate strong analytical, problem‑solving, and detail‑oriented skills.