Accounting

Capital Projects Accountant

Looking to hire your next Capital Projects Accountant? Here’s a full job description template to use as a guide.

About Vintti

Vintti is a staffing agency that acts as an economic enabler. By connecting US-based SMBs, startups, and firms with top-tier Latin American talent, we drive growth on both sides of the equation. For US businesses, we offer access to a pool of highly skilled professionals at competitive rates, allowing for increased efficiency and scalability. For Latin American workers, we provide opportunities to engage with the US market, fostering professional development and economic advancement. Vintti stands at the intersection of global talent and American enterprise, facilitating partnerships that stimulate economic prosperity across borders.

Description

A Capital Projects Accountant plays a crucial role in managing the financial aspects of large-scale capital projects, ensuring accurate budgeting, cost tracking, and financial reporting. This role involves working closely with project managers, contractors, and stakeholders to monitor project expenditures, forecast financial outcomes, and ensure compliance with internal policies and external regulations. The Capital Projects Accountant is responsible for maintaining detailed financial records, performing variance analysis, and supporting strategic decision-making processes to optimize financial performance and project efficiency.

Requirements

- Bachelor's degree in Accounting, Finance, or a related field.
- CPA certification or equivalent preferred.
- Minimum 3-5 years of experience in project accounting or capital accounting.
- Strong knowledge of accounting principles, financial reporting, and budgeting.
- Proficiency in accounting software and financial management systems.
- Advanced skills in Microsoft Excel, including pivot tables, VLOOKUP, and financial modeling.
- Experience with ERP systems related to project management and accounting.
- Excellent analytical and problem-solving skills.
- Strong attention to detail and accuracy in financial reporting.
- Ability to work independently and manage multiple tasks and projects.
- Effective communication and interpersonal skills for working with diverse teams.
- Knowledge of industry-specific regulations, standards, and compliance requirements.
- Ability to interpret and apply complex financial data and present it in a clear, concise manner.
- Strong organizational skills and the ability to prioritize workload effectively.
- Experience with managing audits and coordinating with external auditors.
- Demonstrated ability to perform high-level variance analysis and forecasting.
- Capability to develop and implement process improvements.

Responsabilities

- Review, analyze, and reconcile project costs, budgets, and financial statements.
- Monitor capital project expenditures to ensure alignment with the approved budget.
- Prepare monthly, quarterly, and annual financial reports related to capital projects.
- Maintain the financial records and ledgers for capital projects, ensuring accuracy and compliance with accounting standards.
- Work closely with project managers and other stakeholders to provide financial guidance and support.
- Oversee the processing of invoices and requisitions related to capital projects.
- Conduct variance analysis to identify and explain differences between budgeted and actual expenditures.
- Assist in the preparation of forecasts and financial models for ongoing and upcoming capital projects.
- Ensure proper accounting treatment and classification of capital expenditures.
- Coordinate with internal and external auditors for capital project-related audits.
- Develop and implement accounting procedures to facilitate efficient financial management of capital projects.
- Track and report on funding sources and ensure appropriate allocation of capital expenses.
- Support the preparation of documentation required for capital project financing.
- Monitor compliance with organizational policies, regulations, and contractual agreements related to capital project accounting.
- Perform regular risk assessments and recommend mitigation strategies for potential financial issues in capital projects.
- Facilitate inter-departmental communication to ensure consistent project accounting practices.
- Identify opportunities for cost savings and financial efficiencies in the management of capital projects.
- Maintain a capital project accounting system and database for tracking and reporting purposes.
- Prepare and distribute detailed project cost reports to management and other stakeholders.
- Assist in the closing process for completed capital projects, ensuring proper financial closure and documentation.

Ideal Candidate

The ideal candidate for the Capital Projects Accountant role is a highly skilled and experienced financial professional with a Bachelor's degree in Accounting, Finance, or a related field, complemented by a CPA certification or equivalent. With a minimum of 3-5 years in project or capital accounting, they possess a robust understanding of accounting principles, financial reporting, and budgeting, along with advanced proficiency in Microsoft Excel and familiarity with ERP systems. They are detail-oriented, with a meticulous approach to managing and reconciling project costs and financial records, ensuring accuracy and compliance with accounting standards. Their strong analytical and problem-solving skills enable them to conduct thorough variance analyses and develop precise forecasts and financial models. Effective communication and interpersonal skills allow them to collaborate seamlessly with project managers and various departments, providing essential financial guidance and support. The ideal candidate is proactive in identifying financial discrepancies, adept at managing audits, and capable of implementing process improvements that enhance financial efficiency. Their high level of integrity, professionalism, and commitment to continuous learning ensure they stay updated with industry regulations. Additionally, they exhibit strong organizational and time management skills, efficiently prioritizing multiple projects and maintaining comprehensive financial records. Adaptable and results-oriented, they thrive independently and under pressure, consistently managing tight deadlines and achieving organizational financial goals. An ideal candidate also demonstrates leadership potential, with the ability to mentor junior staff and foster a collaborative team environment.

On a typical day, you will...

- Review, analyze, and reconcile project costs, budgets, and financial statements.
- Monitor capital project expenditures to ensure alignment with the approved budget.
- Prepare monthly, quarterly, and annual financial reports related to capital projects.
- Maintain the financial records and ledgers for capital projects, ensuring accuracy and compliance with accounting standards.
- Work closely with project managers and other stakeholders to provide financial guidance and support.
- Oversee the processing of invoices and requisitions related to capital projects.
- Conduct variance analysis to identify and explain differences between budgeted and actual expenditures.
- Assist in the preparation of forecasts and financial models for ongoing and upcoming capital projects.
- Ensure proper accounting treatment and classification of capital expenditures.
- Coordinate with internal and external auditors for capital project-related audits.
- Develop and implement accounting procedures to facilitate efficient financial management of capital projects.
- Track and report on funding sources and ensure appropriate allocation of capital expenses.
- Support the preparation of documentation required for capital project financing.
- Monitor compliance with organizational policies, regulations, and contractual agreements related to capital project accounting.
- Perform regular risk assessments and recommend mitigation strategies for potential financial issues in capital projects.
- Facilitate inter-departmental communication to ensure consistent project accounting practices.
- Identify opportunities for cost savings and financial efficiencies in the management of capital projects.
- Maintain a capital project accounting system and database for tracking and reporting purposes.
- Prepare and distribute detailed project cost reports to management and other stakeholders.
- Assist in the closing process for completed capital projects, ensuring proper financial closure and documentation.

What we are looking for

- Detail-oriented and precise in financial data management
- Strong analytical and problem-solving skills
- Proactive in identifying and addressing financial discrepancies
- Effective communicator with the ability to convey complex financial information clearly
- Collaborative team player who can work seamlessly with various departments
- High level of integrity and professionalism in handling sensitive information
- Adaptable and flexible in a dynamic work environment
- Results-oriented with a focus on achieving organizational financial goals
- Strong time management skills and ability to prioritize multiple projects
- Proficient in utilizing advanced features of financial software and tools
- Committed to continuous learning and staying updated with industry regulations
- Strong leadership capabilities with potential to mentor and guide junior staff
- Capable of working independently with minimal supervision
- Demonstrable ability to perform under pressure and meet tight deadlines
- Strong organizational skills for maintaining comprehensive financial records
- Detail-focused with a strong emphasis on accuracy and compliance

What you can expect (benefits)

- Competitive salary ranging from $70,000 to $90,000 annually, depending on experience and qualifications
- Comprehensive health, dental, and vision insurance plans
- Retirement savings plan with employer matching contributions
- Paid time off (PTO) including vacation, sick leave, and holidays
- Flexible working hours and potential for remote work options
- Employer-sponsored continuing education and professional development programs
- Tuition reimbursement for relevant coursework and certifications
- Life insurance and disability coverage
- Employee assistance program (EAP) for wellness and mental health support
- Wellness programs, including gym memberships and fitness classes
- Opportunities for career advancement and internal promotions
- Collaborative and inclusive work environment
- Recognition and rewards programs for outstanding performance
- Company-sponsored social events and team-building activities
- Employee discounts on company products and services
- Relocation assistance for qualifying candidates
- Access to mentorship and leadership development programs
- Technology and equipment stipend for remote work setups
- Parental leave and family support benefits
- Access to financial planning and legal assistance services

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