Senior Project Accountant

About WatgWATG is the world’s preeminent destination and hospitality design firm. We are employee-owned, almost 80 years young, and home to over 500 creative, globe-trotting professionals located remotely and in our offices in Atlantic City, California, Dallas, New York, Honolulu, London, Singapore, and Shanghai.Our approach to design applies a hospitality ethos to the development of all shapes and sizes. From initial feasibility studies to finishing touches, we operate globally as an integrated, multidisciplinary practice. Along with our interior design studio, Wimberly Interiors, we specialize in hospitality, gaming + entertainment, urban + mixed-use, and high-end residential design.We were founded in Honolulu in 1945, and the spirit of the islands taught us to focus on community strength, self-reliance, and sustainability – which we still prioritize today. We passionately believe that culture and heritage are the roots that lead to long-term resilience. We stay true to our values of designing spaces that respect, protect, and enhance the natural magic of their surroundings while delivering long-term value for our clients and their communities.WATG is hiring a Senior Project Accountant.ROLEThe Senior Project Accountant provides senior-level assistance with project accounting, project setup and maintenance, project health reviews, client billings, collections, accounts payable, revenue recognition, and management reports. The Senior Project Accountant carries out responsibilities in accordance with the organization’s policies and applicable laws.ResponsibilitiesProject HealthReviews project WIP, revenue, backlog, budget variances, and profitability, and ensures all billable expenses are billed; tracks latest comments on project and WIP statusLeads project health reviews with PMs and SLsReviews weekly Net Service Revenue (NSR) reports to ensure revenue is captured by the proper projects/phases and makes revenue adjustments and/or transfer effortsPerforms quarterly internal spot audits of select projects, reviews project setup for accuracy, analyzes project costs in relation to contract budgets and contract termsProvides end-to-end project accounting management from project creation to close-outContractsReviews project contracts for financial details to ensure compliance with the projectSets up projects in the accounting system, liaising with Project Managers (PM) and Senior Leaders (SL) regarding budgets (fee flows); phase set up to assist with project monitoring for the life of the project. Ensure that submitted information follows accounting standards and client requirementsMaintains contract paperwork and files, invoices, aging A/R, change orders, vendor and subcontractor documents, and other specified logs for project trackingAccounts ReceivablesPrepares client fees, expenses, consultant invoices, account statements, reports, and other recordsPosts cash receipts and sends notifications to relevant parties, logging and reporting details dailyResponsible for billing and cash flow projectionsLeads and coordinates collection efforts with PMs and SLs; initiates stop-work procedures and third-party collections efforts to minimize company exposureAttends monthly collections calls with updated AR status for commentsPrepares and sends weekly collections reports to Managing Director, Project Managers, and Senior LeadersAccounts PayablesPerforms Accounts Payable (AP) duties, including coding and posting vouchers, coordinating reviews and approvals, researching vendor payment inquiries, and updating tracking file for Pay-When-Paid (PWP) consultantsPulls vouchers for weekly PWPs and updates PWP tracking logsNotifies PWP consultants of their invoice paymentsBi-monthly, updates PWP status report on SharePoint after payments have been paid and posted in the accounting systemReconciles month-end PWP tracking versus PWP disbursed filesReviews phases in Power-Bi to make sure backlog is available for phases being coded to prior posting vouchers in the accounting systemEnters Independent Consultant (IC) invoices and maintains logs to identify how to post ICs as labor or expense by projectEnters ICs timecards when treated as laborLoads payments in the HSBC portal for vendors and consultantsMiscellaneous Tasks/Ad-Hoc ReportingImplements and executes proper controls to proactively support, monitor and communicate budget, actual status, and labor hours, consultants, and expenses for projects; develops and issues timely reportsIdentifies opportunities and areas for improvement, offers suggestions, and implements procedures, processes or tools to improve efficiency and productivityPerforms additional accounting responsibilities and supports special projects and ad-hoc analysesProvides global PA coverage as neededQualificationsBachelor’s degree in accounting, finance, or related field preferredMinimum of 8 years in a mid-sized professional services organization with project (revenue) accounting dutiesMust have experience in the Architecture or Engineering industryProficient in Microsoft Office, accounting software, order processing, and databasesExperience with ERP systems preferredProficient in general ledger, accounts receivable, and accounts payableAbility to organize multiple priorities in a high-paced environment, making sound decisions with independenceExcellent written and verbal communication skillsHighly organized and problem-solving abilitiesStrong interpersonal skills and diplomacyFosters teamwork and project leadershipMust handle confidential information in a highly sensitive mannerWATG is an Equal Opportunity EmployerPlease include a copy of your resume to be considered for this position.