Project Accountant

Accounting South Bend, Indiana Columbia, Maryland


Description

Xylem zīləm|

1) The tissue in plants that brings water upward from the roots;

2) a leading global water technology company.

We’re a global team unified in a common purpose: creating advanced technology solutions to the world’s water challenges. Developing new technologies that will improve the way water is used, conserved, and re-used in the future is central to our work. Our products and services move, treat, analyze, monitor and return water to the environment, in public utility, industrial, residential and commercial building services settings. Xylem also provides a leading portfolio of smart metering, network technologies and advanced analytics solutions for water, electric and gas utilities. In more than 150 countries, we have strong, long-standing relationships with customers who know us for our powerful combination of leading product brands and applications expertise with a strong focus on developing comprehensive, sustainable solutions.

For more information on how Xylem can help you, go to www.xylem.com

The Role: Xylem seeks to hire a Project Accountant. Digital Solutions focuses on providing its customers with integrated technology platforms that help them understand, control, and optimize their infrastructure. Xylem is currently seeking a motivated individual to work in partnership with Project Managers throughout all aspects of the project job cost and billing process, in accordance with the established accounting standards and billing policies. This position will ensure financial integrity and compliance with Company processes and procedures

Essential Duties/Principal Responsibilities:

Conducting full-cycle project accounting for multiple projects of differing contract values and complexities, including:

  • Reviewing and interpreting contracts and purchase orders;
  • Effectively communicating with Project Managers regarding contract conditions, change orders, billing schedules, and any additional services-related to billing;
  • Setting up fees, consultants, and cost breakdowns on new projects following Work Breakdown Structure (WBS);
  • Preparing draft/final invoices (including applicable supporting documentation) for all billable projects in accordance with project specific billing requirements;
  • Reviewing the accuracy of labor and costs expensed to assigned projects and reallocate if required;
  • Conducting monthly variance analysis for budget analysis and ad-hoc project analyses for the Project Managers and other users;
  • Providing Work-In-Progress analysis (WIP) on a monthly basis;
  • Preparing monthly billing forecasts to aid Project Managers with forecast expectations;
  • Evaluating requests for software capitalization requests requiring different project settings and ledger postings;
  • Proactively making recommendations and implementing agreed improvements to processes and reports;
  • Researching unbilled/unrecovered costs to optimize the billing possibilities for the future and making recommendations to management;
  • Providing accounts payable with advice on coding project related invoices;
  • Following up with customers on collections of accounts receivable, applying cash receipts against outstanding invoices and reconciling variances that occur;
  • Providing quarterly support of external auditor requirements, which may include research and reconciliation
  • Performing month-end activities which include but are not limited to, revenue and cost recognition, accruals, and account reconciliation and
  • Providing other administrative duties throughout office.

Minimum Qualifications: Education, Experience, Skills, Abilities, License/Certification:

  • Accounting Certificate or equivalent in accounting or business preferred.
  • More than 5 years of hands on detailed, project accounting experience preferably in an engineering services or technology industry.
  • Intermediate to advanced computer literacy, including experience in spreadsheets and project accounting software.
  • Thorough knowledge of standard contract terms and how they are applied in the billing process.
  • Experience with revenue recognition policies related to contract and performance matters.
  • Familiarity or experience with financial standards (US GAAP) as they apply to software development and sale of software to customers.
  • Ability to work well with others and enjoy working in a collaborative environment.
  • Responds well to changes in priorities without compromising quality of work.
  • Polished written and verbal communication skills and strong organizational skills.
  • Ability to work independently, take initiative, set priorities and see projects through to completion.
  • Strong customer service orientation, both internally and externally.
  • Demonstrate a proactive approach to process improvement and problem solving.
  • Knowledge of the project structure in a client/consultant business environment.

Physical Demands:

(The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)

  • Regularly required to sit or stand, reach, bend and move about the facility

Work Environment:

(The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.)

  • Office: Standard office equipment; work usually performed in an office setting free from any disagreeable elements.
  • Standard weekly job hours: 40 hours
  • Travel: Potentially 1-2 weeks per year for training purposes

Xylem is an Equal Opportunity Employer. Employment decisions are made without regard to race, color, religion, national or ethnic origin, sex, sexual orientation, gender identity or expression, age, disability, protected veteran status or other characteristics protected by law.