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Project Accountant

About Us:

Panelmatic, Inc. was founded in 1957 in Youngstown, OH to serve manufacturing industries with the design and build of custom electrical, instrument, and pneumatic control panels. Our business has sufficiently grown over the years to support expansion for our clients. We have produced control packages for many of America's top corporations in the chemical, environmental, food, pulp and paper, rubber, petroleum, pharmaceutical, glass, metals, and utilities industries. We also deliver equipment for use worldwide. Our rigorous methodology assures compliance with domestic and international standards. We can meet the needs of our diverse clientele from start to finish through sales, design, fabrication, testing, and delivery.

Since 1957, we have been known for our high-quality, custom-built control packages, our comprehensive service, and our technological and manufacturing expertise. This expertise assures you of our ability to handle the largest and most complex packages quickly and efficiently.

Job Summary:

The Project Accountant is responsible for managing all financial aspects of ongoing projects. This includes tracking project budgets, expenses, and billings to ensure financial integrity and accuracy. This role works closely with the project management and operations teams to support compliance with company policies and client requirements.

Job Duties:

  • Track and report project costs, budgets, forecasts, and cash flow
  • Review project billings and ensure proper revenue recognition
  • Review project-related expenses and allocate costs appropriately
  • Coordinate with project managers to analyze budget-to-actual performance
  • Assist with month-end close, including journal entries and reconciliations related to projects
  • Maintain accurate and up-to-date project accounting records
  • Ensure contract compliance and documentation support for project invoicing and audits
  • Collaborate with operations, purchasing, and finance to ensure accurate job cost accounting
  • Monitor accounts receivable and assist with collections as needed

Minimum Qualifications:

  • Associate’s degree in accounting, Finance, or related field required
  • Three plus years of accounting experience, preferably in a project-based environment required
  • Strong analytical skills and attention to detail required
  • Proficiency with accounting software and Excel required
  • Ability to manage multiple priorities and meet deadlines required
  • Strong communication and interpersonal skills required
  • Ability to pass physical, drug, driving, and background check required
  • Ability to physically push, pull, and lift 25 lbs or more required
  • Ability to sit, stand, stoop, bend and walk for four plus hours at a time required
  • Alignment with company core values required

Preferred Qualifications:

  • Bachelor’s degree in accounting, Finance, or related field preferred
  • Experience in manufacturing or construction accounting preferred
  • Familiarity with project management and ERP software preferred
  • Medical, dental, vision, HSA, term life, AD&D, STD, LTD
    • 100% medical premium paid for by Panelmatic for the employee-only level medical coverage
    • 80% paid for by Panelmatic and 20% paid for by the employee on all other level medical coverage (i.e. employee plus child, employee plus spouse, family)
  • 401K and bonus
  • Scholarships, educational reimbursement, paid volunteerism, and paid personal and professional development provided
  • PTO and paid holidays provided
  • Career advancement opportunities
  • Competitive wages
  • Family-friendly environment with average employee tenure above five years

Average salary estimate

$70000 / YEARLY (est.)
min
max
$60000K
$80000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Project Accountant, Panelmatic Inc.

At Panelmatic, Inc., we're thrilled to announce that we're looking for a Project Accountant to join our dynamic team! Founded in 1957, we've established ourselves as a leader in the design and build of custom electrical, instrument, and pneumatic control panels for various industries, including chemical, environmental, and pharmaceutical. As our Project Accountant, you'll play a crucial role in ensuring the financial integrity of our ongoing projects. Your responsibilities will include tracking project budgets, managing expenses, and handling billings while collaborating closely with our project management and operations teams. We pride ourselves on our high standards and expertise, and we're excited to have someone who can help maintain those values. You'll get to analyze budget performance, assist with month-end closing procedures, and support compliance with contractual obligations. If you have an associate's degree in accounting and at least three years of experience, especially in a project-based environment, we want to hear from you! We value strong analytical skills and effective communication, which are key to your success in our family-friendly environment. With a commitment to employee well-being, we offer competitive wages, comprehensive benefits, and opportunities for professional development. Join us at Panelmatic as we continue to provide exquisite control packages worldwide!

Frequently Asked Questions (FAQs) for Project Accountant Role at Panelmatic Inc.
What are the responsibilities of a Project Accountant at Panelmatic?

The Project Accountant at Panelmatic is responsible for monitoring project costs, budgets, and cash flows. This includes managing project-related expenses and ensuring timely and accurate billings. The role involves collaboration with project managers to analyze financial performance and supporting the month-end financial closing, including reconciliations and journal entries specifically related to projects.

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What qualifications are needed for the Project Accountant position at Panelmatic?

To qualify for the Project Accountant role at Panelmatic, candidates must possess at least an associate’s degree in accounting or finance, coupled with a minimum of three years of accounting experience in a project-based environment. Proficiency in accounting software and Excel is essential, alongside strong analytical and communication skills.

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How does a Project Accountant contribute to compliance at Panelmatic?

A Project Accountant at Panelmatic contributes to compliance by ensuring that all financial processes align with both company policies and client requirements. This includes maintaining accurate project accounting records, ensuring proper revenue recognition, and supporting documentation for audits and invoicing, thereby upholding the standards of financial integrity and contract compliance.

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What professional growth opportunities are available for Project Accountants at Panelmatic?

Panelmatic offers numerous professional growth opportunities for Project Accountants, including scholarships for educational reimbursement and pathways for career advancement. The company values employee development and encourages participation in ongoing training and professional development initiatives.

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What benefits does Panelmatic provide to Project Accountants?

Panelmatic offers an impressive benefits package for Project Accountants, which includes a 100% premium paid medical plan for employee-only coverage, competitive wages, 401K options, paid holidays, and PTO, along with additional benefits like educational reimbursements and the opportunity for paid volunteerism.

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Common Interview Questions for Project Accountant
What experience do you have in project accounting?

When discussing your experience in project accounting, emphasize specific projects you've managed, detailing how you tracked budgets, expenses, and collaborated with project teams. Highlight any software you used for accounting tasks and results achieved through your diligence.

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How do you ensure accuracy in your financial reports?

To ensure accuracy in financial reports, focus on your process for double-checking data entries, reconciling accounts regularly, and cross-referencing budgets against actual expenses. Mention any tools or systems you've utilized to maintain data integrity.

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Can you explain a time you successfully managed multiple priorities?

In your response, provide a specific example that illustrates your time management skills. Describe how you prioritized tasks effectively while meeting deadlines and maintaining accuracy, ensuring project financials were managed proficiently.

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How do you handle discrepancies in project budgets?

Explain your methodical approach to identifying and resolving discrepancies, including the importance of thorough documentation and communication with project managers to ensure any budget adjustments are properly justified and recorded.

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What software are you proficient in for accounting tasks?

When answering this question, list the accounting software and tools that you are proficient in, such as ERP systems or specialized project accounting software. Share any specific experiences where these tools helped you improve financial reporting or project management.

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How do you ensure compliance during project invoicing?

Describe your approach to ensuring compliance, focusing on maintaining records that align with contractual obligations. Discuss your process for verification before invoicing, including how you handle documentation and client requirements.

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What methods do you utilize for cash flow management?

In answering this question, mention your strategies for monitoring and projecting cash flow needs, such as analyzing budget forecasts, tracking receivables, and working closely with project managers to mitigate potential cash flow issues and ensure project viability.

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How do you communicate financial updates to project managers?

Highlight your communication skills by discussing how you present financial updates in a clear and concise manner, using visual aids or reports. Explain the importance of regular check-ins and updates to keep project managers informed and engaged with financial developments.

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Can you provide an example of a successful month-end close you managed?

Share a detailed account of a month-end closing process that you executed. Walk through the steps you took to ensure accuracy, including preparing journal entries, completing reconciliations, and collaborating with other departments to finalize and report financials.

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What is your understanding of revenue recognition in project accounting?

Discuss your knowledge of revenue recognition principles, including how they apply to project accounting. Explain the methods you use to determine when and how revenue is recognized, ensuring compliance with standards relevant to the industry.

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Join our team in Doraville as a part-time A/P Accountant and contribute to our finance operations.

Panelmatic, Inc.,a leading manufacturer of custom-built electrical and process instrument control panels, announced today the addition of a new division, Panelmatic Building Solutions (PBS), to be headquartered in Brookfield Township. The company'...

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Full-time, on-site
DATE POSTED
April 17, 2025

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