Project Coordinator
Project Coordinator
We are seeking an experienced and detail-oriented Project Coordinator to join our Project Management Office (PMO) team. This critical role will be responsible for developing and implementing financial processes, tracking and reporting for projects to ensure contractual requirements are met.
Responsibilities of Project Coordinator :
- Develop processes, tools, training and governance around project financials including budget tracking, expense management, invoicing, revenue recognition, purchase orders and subcontractor payments.
- Work with PMO to define requirements from internal groups like Credit, Finance and Procurement, and ensure those requirements are implemented.
- Conduct client contract analysis to identify billing deadlines, payment terms, billable / non-billable expenses, insurance requirements, fee structures, and approved billing rates.
- Manage accounts payable processes including vendor invoice processing, sales / use tax accounting, and maintaining up-to-date project accounts.
- Oversee subcontractor invoice processing, lien waivers, contract / insurance compliance, and payment scheduling.
- Ensure periodic project financial closings properly account for all billables, costs and accruals.
- Update project asset / rental details for insurance documentation.
- Project Coordinator will collaborate with project managers on comprehensive financial plans for resources, budgets and timelines.
- Lead project financial closeout ensuring contractual amounts, documentation and subcontractor sign-offs are obtained.
- Supervise project financial workflows and coordinate team members.
- Manage all project financial documentation, filing and audits.
Requirements of Project Coordinator :
- Excellent knowledge of accounting principles (GAAP) for accurate financial reporting.
- Understand contract terms and accounting implications for profitability / risk.
- High degree of organization and exceptional attention to detail.
- Proficiency in financial systems, MS Office suite (Excel, Word)
- Excellent written and verbal communication abilities.
- Bachelor's Degree in Accounting, Finance or related field.
- Minimum 3 years of relevant project financial / accounting experience.
INMAY2024
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