Feb 02, 2024

Accountant/Project Accountant

  • Professional Diversity Network
  • Houston, TX, USA
Full-Time Accounting

Job Description

AIT - Arctic Information Technology, Inc

Overview:

Arctic IT Logo_resized

JOB SUMMARY: The Accountant performs a wide variety of accounting tasks to support the Controller with the accurate and timely reporting of revenue recognition and monthly financials in a professional services environment. This is an experienced accounting position that works closely with the Controller and other accounting roles to maintain business transactions of the organization by applying the Generally Accepted Accounting Principles (GAAP). This position includes analytical work and thorough review of financial records and requires dedication to the overall company growth strategies to move the company fiscally forward with compliance and integrity.

Responsibilities:

ESSENTIAL FUNCTIONS:

Revenue Recognition and Project Accounting:

  • Efficiently completes revenue recognition during month end for fixed fee projects
  • Acts as primary conduit and accounting point of contact for project managers to provide project accounting status and metrics
  • Review the Statement of Work for proper project setup
  • Set up projects in NetSuite, ensuring accurate and comprehensive financial tracking.
  • Analyze project financial variances and provide details to management as requested
  • Ensure project financials are maintained in compliance with ASC 606 standards
  • Audits and reconciles contract assets (AR Unbilled) and contract liabilities (Deferred Revenue) on a project basis
  • Follow-up with staff on incomplete time/expense reviews
  • Participate and assist in time/expense review and corrections to ensure compliance with company policies.
  • Maintains service items and revenue arrangements as necessary
  • Participate in intercompany revenue and receivables
  • ASC606 Project Revenue Recognition support

General Accounting

  • Prepare journal entries with proper supporting documentation.
  • Assist in the documentation of systems and processes within the accounting department by issuing, formalizing, and updating to further enable improvement.
  • In the event of an internal or external audit, assists Controller in providing auditors with requested information.
  • Work closely with Controller in preparing financial reports for internal purposes, the parent company and/or auditors.
  • Participation in expansion of business structure
  • Assist Controller with suggesting changes to policies and/or procedures to improve financial reporting methods or outcomes.
  • Backup and dual control for journal entries and other misc. approvals.
  • Act as backup for other team members in the accounting department.
  • Assist with month/quarter/year end tasks that include, but not limited to:
  • Accruals
  • Reconciliations
  • Deferred revenue
  • Reporting
  • Financial statements
  • Data analysis
  • Adjusting journal entries
  • Consolidation
  • Eliminations
  • Intercompany
  • Interface with various staff and departments to solve problems and answer questions.
  • Protect organization's value by keeping information confidential.
  • Other duties and ad hoc projects as assigned.

Cash Receipts and Bank Deposits:

  • Serve as a backup for deposits and cash receipts

Financial Audits:

  • Participate in assembling financial data for internal and external audits.
  • Ensure all documentation is organized and readily available for auditors.

Confidentiality & Ad Hoc Duties:

  • Protect the organization's value by maintaining strict confidentiality of financial information.
  • Assist the Controller in performing special projects related to finance and accounting.
  • Perform other duties as assigned to support the finance team and company operations.
Qualifications:

QUALIFICATIONS:

  • Bachelor's Degree in Accounting, Finance, or Business Administration strongly preferred.
  • 5+ years of applied experience in project cost accounting and finance.
  • Strong knowledge of MS Office suite and accounting software.
  • Advanced/Super User level of expertise in MS Excel.
  • Experience with NetSuite is preferred, specifically with Sales Orders
  • Thorough understanding of GAAP, ASC 606 revenue recognition, accounting, and finding/fixing discrepancies.
  • A comprehensive understanding of journal entries.
  • The ability to act responsibly and ethically when working with sensitive financial information, whether it is information for the company or for individuals.
  • The willingness and ability to comply with local, state, and federal financial regulations, as well as the regulations established by the company itself.
  • Experience with government contracting organizations preferred.
  • Valid driver's license and insurance.
  • Applicants subject to government security investigations and must meet eligibility requirements related to the clearance process.

WORKING ENVIRONMENT: The majority of work for this role is performed in a home office and/or professional office and interacts with a wide variety of people with differing functions, personalities, and abilities. Telecommuters are expected to have sufficient home office space that appears neat, organized, and professional when on video meetings.

REASONABLE ACCOMMODATION: It is Arctic Information Technology, Inc.'s business philosophy and practice to provide reasonable accommodations, according to applicable state and federal laws, to all qualified individuals with physical or mental disabilities.

PREFERENCE STATEMENT: Arctic Information Technology, Inc. grants preference to qualified Doyon Shareholders first, and second to qualified shareholders of other Alaska Native corporations that grant a similar preference in all phases of employment and training, which include, but are not limited to hiring, promotion, layoff, transfer, and training.

PAY TRANSPARENCY STATEMENT: Arctic Information Technology will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of the other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consent with the contractor's legal duty to furnish information.

Arctic Information Technology Inc. is a Federal Contractor and complies with the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA).

Arctic Information Technology, Inc. is an equal opportunity employer. We evaluate qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity or national origin, disability, veteran status, and other protected characteristics. The EEO is the Law and the poster is available at http://www1.eeoc.gov/employers/upload/eeoc_self_print_poster.pdf. For questions on the job posting contact (253) 344-5300.

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VEVRAA Federal ContractorWe request Priority Protected Veteran & Disabled Referrals for all of our locations within the stateThe EEO is the Law poster is available here.PDN-9b3ba04e-efb1-40a0-b3b1-531fbb3e99b7

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