Project Accounting Manager

Our client is an EPC company working on projects in the Oil and Gas, Chemicals and other industrial sectors. A fantastic opportunity exists for a Project Accounting Manager to join the team. Position can be based out of The Woodlands or one of their other offices in South Houston.

On offer is a competitive base salary, discretionary bonus, full benefits.

Responsibilities

• Own the monthly WIP schedule and percentage-of-completion revenue recognition process (ASC 606) across all active projects, consistent across lump-sum, cost-plus, and unit-rate contract types.
• Establish and maintain formal over/underbilling (contract asset/liability) tracking and monthly reporting, reducing amounts aged over 90 days and improving DSO.
• Develop formal ASC 606 revenue recognition process.
• Improve weekly and monthly cost management reporting - actual cost vs. budget by cost code - flagging variances for Project Manager and Project Controls follow-up.
• Lead the monthly margin variance review with Project Managers, Project Controls, and Estimating, tracking actual cost against budget for every active project.
• Partner with Project Controls leadership to align job cost structure with budget and implement a standardized, WBS-aligned job cost coding structure.
• Run a weekly cost and progress check-in with Project Managers and Project Controls, producing an indicative (unaudited, pre-close) revenue and margin trend by project.
• Build, manage, and mentor the project accounting team, including assessing current billing staff for upskill potential and hiring externally for experienced project accountants.
• Establish subcontractor and vendor billing, retainage, and lien-waiver tracking controls consistent with MSA and subcontract terms.
• Support external auditors and controllership with supporting schedules for percentage-of-completion, cost accruals, and contract asset/liability positions.
• Partner with IT/ERP teams to automate WIP and job cost schedule consolidation and retire manual, spreadsheet-based reporting.
• Develop and maintain a rolling cash flow forecasting model integrating project billing milestones, retainage release, and subcontractor payment timing.
• Directly supervises employees and carries out supervisory responsibilities in accordance with the organization's policies and applicable laws.
• Develop a project accountant onboarding and training program, including a defined career path within the finance organization.
• Performs other duties as assigned.

Essential Skills and Qualifications

• Bachelor's degree in Accounting, Finance, or related field required ; CPA preferred.
• Minimum 10 years of experience in EPC or construction project accounting, including experience managing a project accounting function required .
• Vista Viewpoint ERP experience preferred.
• Deep knowledge of percentage-of-completion accounting (ASC 606) and EPC/construction contract types (T&M, fixed price, cost-plus, unit-rate).
• Experience with WIP schedules, over/underbilling (contract asset/liability) reporting, and job cost accounting.
• Strong understanding of change order/CCN processes and their cost and revenue recognition impact.
• Experience building or maturing a project accounting function, including staff development and training.
• Track record partnering with Project Controls, Estimating, and Project Managers on cost and margin reporting.
• Preferred experience in companies that deliver engineering and/or construction projects.
• Solid grounding in general accounting and controllership fundamentals (GAAP, month-end close, account reconciliations, internal controls, financial statement preparation) in addition to project-specific accounting.