Project Cost Accountant

Position Overview

We are seeking a highly skilled and detail-oriented Project Cost Accountant. The successful candidate will be responsible for monitoring, analyzing, and reporting on all project-related financial activities. This role ensures that project costs are accurately tracked, budgets are adhered to, and financial risks are identified and mitigated. The Project Cost Accountant will act as a key liaison between project managers, finance, and senior leadership to provide clear visibility into project performance and profitability.

Key Responsibilities

- Prepare, monitor, and update project budgets, forecasts, and cash flow projections for projects.

- Track and analyze costs against budget, identifying variances and providing recommendations to project management group and management.

- Maintain accurate job cost reports and ensure compliance with contractual and financial requirements.

- Prepare monthly project cost reports and financial statements for internal and external stakeholders.

- Conduct variance analysis and provide detailed explanations for cost overruns or savings.

- Support year-end audits and financial reviews related to project accounting.

- Assist with streamlining inventory management processes to reduce costs and improve overall efficiency

- Collaborate with project managers, estimators, and procurement teams to ensure accurate cost allocations.

- Review subcontractor invoices, purchase orders, and change orders to verify accuracy and compliance with budgets.

- Ensure timely approval and processing of project-related financial documents.

- Identify financial risks within projects and recommend mitigation strategies.

- Ensure adherence to internal controls, accounting standards, and construction industry regulations.

- Review, analyze and/or build, implement and maintain cost models aligned to standard drivers and methodologies to reflect industry and business expectations.

- Optimize processes and inform strategic decisions through cost modelling and data analysis.

- Support compliance with client reporting requirements, contracts, and government regulations.

Qualifications & Skills

Education:

- Bachelor’s degree in Accounting, Finance, or related field.

- Professional designation (CPA, CMA, or equivalent) or in last stages of professional designation.

Experience:

- Minimum 3–5 years of experience in project accounting, preferably within the construction industry.

- Strong knowledge of cost control principles, financial analysis, and construction contracts.

Technical Skills:

- Proficiency in accounting and project management software (e.g., Quickbooks, power BI and other preferred).

- Advanced Excel and data analysis skills.

Soft Skills:

- Excellent analytical, problem-solving, and organizational skills.

- Strong communication abilities to effectively liaise between finance, operations, and project teams.

- Attention to detail and ability to meet deadlines in a fast-paced environment.

Working Conditions:

- Full-time, remote or if located in Boston, MA, set hybrid schedule.

- May involve extended hours during month-end close or critical project phases.

Job Type: Full-time

Pay: $65,000.00 - $80,000.00 per year

Benefits:

- 401(k)

- Dental insurance

- Disability insurance

- Health insurance

- Life insurance

- Paid time off

- Vision insurance

Ability to Commute:

- Woburn, MA 01801 (Required)

Ability to Relocate:

- Woburn, MA 01801: Relocate before starting work (Required)

Work Location: Hybrid remote in Woburn, MA 01801