Senior Cost Accountant
seeking a detail-oriented Senior Accountant – Cost & Financial Reporting to lead project accounting and develop and maintain labor-based absorption rates supporting pricing, billing, and margin analysis. This position will also support financial reporting, general ledger activities, and month-end closing processes, helping maintain accurate financial records, analyze project costs and variances, and support operational reporting.
Educational / Experience Requirements
· Proficiency with an integrated ERP and data entry systems, Microsoft Dynamics experience is a plus.
· Accounting experience with a strong understanding of general ledger accounting and financial reporting.
· Experience in project, job, or service-based cost accounting; staffing, professional services, or field services industry experience preferred.
· Knowledge of accounting principles and U.S. (GAAP).
· Bachelor's degree in Accounting or a related field.
· 3-5 years of experience
Responsibilities
- Develop, maintain, and periodically update absorption rates for labor burden (wages, payroll taxes, workers' compensation, benefits, travel/per diem, and training) and for consumables and materials passed through to customers, ensuring full cost recovery and accurate pricing and billing.
- Perform project accounting, including job/project cost tracking, unbilled revenue accruals, and project and customer profitability reporting.
- Analyze pay rate vs. bill rate spreads and gross margin by customer, project, and division; recommend pricing adjustments and develop reports communicating financial results, cost trends, and key performance indicators.
- Reconcile timekeeping, payroll, and billing data to ensure labor costs are accurately captured and charged to the correct projects.
- Work with divisional operations teams to review cost centers, expense coding, and allocations, resolve discrepancies, and provide recommendations to the Controller.
- Support the monthly close for multiple entities, including journal entries, U.S. GAAP account reconciliations, analysis of significant accounts, and general ledger maintenance.
- Prepare documentation for external auditors and interact with outside organizations, such as banks and insurance companies, as needed.
- Assist the Controller and management with financial analysis, system changes, process improvements, and strategic initiatives.
Qualifications
· Proficient level of numerical and analytical problem-solving skills
· Effective written and verbal communication skills and the ability to maintain confidentiality of sensitive financial information.
· Ability to manage competing priorities and meet deadlines in a fast-paced environment.
· Team member mentality with ability to work independently adhering to established internal control procedures with minimal supervision and quality assurance mindset.
