Cost Accounting Assistant

Job Summary

The Project Cost Accountant is responsible for reconciling, validating, and finalizing all project-related costs to ensure timely and accurate project cost close-out. The role includes regular reporting of reconciliation status, issues, and completed work to the Team Lead or Manager.

Key Responsibilities

• Reconcile actual project costs in SAP against approved budgets, awarded contracts, approved Change orders and forecasts.
• Ensure all project costs are correctly classified, posted to the appropriate Project WBS and profit center.
• Monitor and reconcile contractor advances, deposits, and retention, coordinate with other departments for proper offsets.
• Account for all Purchase Orders (POs) and assist in the closure of POs and open Purchase Requisitions (PRs).
• Continuously update the project’s cost monitoring, including awarded amounts and payments, to support p...