JobsAccountantUnited StatesProject Accountant I
Farnsworth Group
Posted today
Project Accountant I
Farnsworth Group · Champaign, Illinois, United States · also Normal, Illinois, United States, Peoria, Illinois, United States
SAVE THIS JOB
In short
The Project Accountant will manage project billing, revenue recognition, and accounts receivable while ensuring contract compliance. They will also assist project managers with financial performance monitoring, budget tracking, and month-end reporting activities.
What they're looking for
MUST-HAVE SKILLS
ALSO MENTIONED
Candidates must hold a bachelor's degree in Accounting or Finance and possess 3-8 years of progressive accounting experience. Proficiency in Microsoft 365 and strong organizational skills are required, with preference given to those with experience in the architecture or engineering industries.
About the employer
Farnsworth Group, Inc.
Full-service architecture and engineering firm focused on people, passion, and performance.
Farnsworth Group is a leading employee-owned full-service design firm, with 650-plus professionals across the United States.
Read moreShow less
Founded in 1890 by a local land surveyor, Farnsworth Group's earlier employees believed the client is always their priority, a value that continues to drive the firm's work today. Farnsworth Group is committed to providing exceptional design solutions to their clients, and with a team of over 600 engineers, architects, surveyors, commissioning authorities, technicians, and support personnel, the firm has become one of the top design firms in the nation, as recognized by Architectural Record and Engineering News-Record magazine. The firm is dedicated to creating lasting relationships with its clients, with 90% of its business coming from repeat clients. Farnsworth Group's focus on people, passion, and performance is a testament to its commitment to delivering exceptional results to its clients. Farnsworth Group provides a wide range of services that includes architecture, interior design, landscape architecture, mechanical engineering, electrical engineering, plumbing engineering, structural engineering, civil engineering, LEED consulting, commissioning, asset management, land surveying, water system engineering, wastewater system engineering, oil and gas engineering, and energy & utilities. This diverse portfolio of services allows Farnsworth Group to deliver holistic and comprehensive solutions to their clients, meeting their unique needs and goals. Farnsworth Group's mission is to champion their clients' successes, advance their communities, and embrace the challenges of a changing world. With a focus on people, passion, and performance, the firm has become one of the top design firms in the nation, providing exceptional design solutions for clients across the United States.
- INDUSTRY
- Design
- COMPANY
- Privately Held
- FOUNDED
- 1890
- HEADQUARTERS
- Normal, IL
- SIZE
- 501-1,000
- OFFICES
- 1 on LinkedIn
KNOWN FOR
Is your LinkedIn profile ready for roles like this?
A free review of your profile, scored against what Accounting roles ask for, and what to fix first.
Questions about this role
- Is this Farnsworth Group role remote?
- Tagged hybrid.
- What does it pay?
- The posting lists $55,000–$81,000 a year.
- Does it sponsor visas?
- Listed as no visa sponsorship.
- What experience does it ask for?
- Listed as 5-10 years.
The posting, in full
Farnsworth Group is seeking a Project Accountant. In this role, you will work closely with our Project Accounting Manager and Project Managers to ensure smooth project execution and control activities. What You'll Do: Prepare and process client invoices in accordance with contract terms (lump sum, T&M, cost-plus, unit price)
▶ READ THE FULL POSTING▼ CLOSE THE FULL POSTING
Farnsworth Group is seeking a Project Accountant. In this role, you will work closely with our Project Accounting Manager and Project Managers to ensure smooth project execution and control activities.
What You'll Do:
Project Billing & Revenue
- Prepare and process client invoices in accordance with contract terms (lump sum, T&M, cost-plus, unit price)
- Review draft invoices for accuracy, completeness, and contract compliance prior to submission
- Monitor accounts receivable and follow up on outstanding invoices
- Support month-end revenue recognition and WIP (work-in-progress) reporting
Project Financial Management
- Review project-related expenses and payables
- Assist with maintaining accurate project budgets and cost tracking
- Assist Project Managers in monitoring project financial performance against budget (EAC/ETC)
- Identify and communicate budget variances, overruns, or billing discrepancies to Project Managers
Reporting & Analysis
- Generate standard and ad hoc project financial reports for Project Accounting Manager and Project Managers
- Assist with month-end and year-end close activities related to project accounts
- Support preparation of project financial data for audits, client requests, or contract compliance
Compliance & Documentation
- Ensure project setup and modifications processed accurately in the ERP system
- Maintain organized project financial records and documentation
- Create and/or review new client records as appropriate.
- Maintain client related documentation, including MSAs and ensure implementation and execution of project accounting and revenue policies.
What You'll Need
- Bachelor’s degree in Accounting, Finance, or related field required
- 3-8 years of progressive accounting experience
- Strong billing and general ledger accounting skills
- Experience with Microsoft 365; Excel skills, a plus
- Strong attention to detail and organizational skills
- Effective written and verbal communication skills
- Ability to manage multiple priorities in a deadline-driven environment
- Architecture/Engineering industry experience preferred
- Deltek Vision or VantagePoint experience, a plus
- Experience with project-based billing preferred
Compensation to be determined by the education, experience, knowledge, skills, and abilities of the applicant, as well as internal and external equity.
Illinois Pay Transparency
$55,000—$81,000 USD
Who We Are
Join Farnsworth Group, a nationally recognized architectural engineering and surveying firm where your career can thrive! For eleven consecutive years, we’ve been certified as a Great Place to Work®, and our engineers, architects, surveyors, and scientists channel their passion and expertise into making meaningful contributions to the world around us. With more than 650 talented professionals across 24 offices, we collaborate with clients ranging from small communities to some of the world’s largest brands. Our success is built on our people - their passion, creativity, and commitment to excellence. Here, you’ll find a supportive culture that champions your growth, embraces challenges, values work-life balance, and empowers you to make a lasting impact for our clients and communities. Join us and move your career forward.
A Great Place to Work Certified
For eleven consecutive years, Farnsworth Group has earned the prestigious Great Place to Work® certification—thanks to our employees! Each year, our staff participate in a survey administered by the Great Place to Work organization, measuring perceptions of credibility, respect, pride, fairness, and camaraderie. The results are benchmarked against the nation’s leading companies, and only top performers receive the certification. Insights from the survey help us continually enhance our work environment and foster a culture that makes Farnsworth Group an even greater place to work.
Full-time regular employee benefits and perks include
- 401(k) with 100% Company Match up to 5%
- Medical/Dental/Vision Insurance Plans
- Flexible Spending and Health Savings Accounts
- Short & Long-Term Disability
- Maternity and Paternity Leave
- Professional Development and Training
- Mentoring Program
- Paid Time Off
- Wellness/Fitness Reimbursements
- Pet Insurance Plan
- Hybrid Work Program (for eligible roles)
Farnsworth Group knows flexibility and work-life balance matter. Many of our roles are eligible for our Hybrid Work Program, which offers a flexible arrangement while supporting our culture and success. Ask your recruiter whether this position qualifies.
Statement on Diversity and Inclusion
Farnsworth Group is a collection of employees with unique backgrounds and perspectives that all come together to make us a better Company. It is our goal to recruit, hire, develop, retain, and promote a diverse group of people. Join us…and let’s make a difference, together.
Farnsworth Group, Inc. is proud to be a M/F Disabled and Veteran EEO/AA employer.
SAVE THIS JOB
Similar roles open now
Accountant 2 - St. Luke's Health Plan
St. Luke's Health System
Boise, IdahoOn site
EMPLOYER'S OWN SITE
POSTED TODAY
Senior Staff Accountant
Passero Associates
Rochester, New York$85k–$95kOn site
EMPLOYER'S OWN SITE
POSTED TODAY
Real Estate, Senior Fund Accountant (DCS)
Petra Funds Group
Chicago, Illinois$102k–$153kHybrid
EMPLOYER'S OWN SITE
POSTED TODAY
Senior Fund Accountant (DCS) (RE)
Petra Funds Group
Chicago, Illinois$102k–$153kHybrid
EMPLOYER'S OWN SITE
POSTED TODAY
Financial Analyst Accountant
Mason Controls
Los Angeles, California$90k–$120kOn site
EMPLOYER'S OWN SITE
POSTED TODAY