Accountant II - Office of Accounting

$45,000 - $53,000/Yr

University of Texas Permian Basin - Odessa, TX

Full-time - Entry Level

Odessa, TX

Educational Services

About the position

The Project Accountant will manage and oversee the financial accounting and reporting of capital and non-capital projects at the University. This position is responsible for ensuring accurate financial reporting, project set-up, cost tracking, reimbursements, and compliance with university policies, grant requirements, and regulatory standards. The Project Accountant will work closely with campus community, project managers, and the finance team to ensure efficient and transparent financial operations related to university projects.

Responsibilities

• Create and maintain project accounts within the university's financial systems.
• Ensure proper coding of project expenses, working with stakeholders to establish project budgets, timelines, and financial reporting expectations.
• Review and verify all project-related transactions, ensuring that expenses align with approved budgets and funding sources.
• Conduct monthly and quarterly reconciliations to maintain accuracy in project financials.
• Prepare and submit cash requisitions for monthly expense reimbursement, ensuring timely and accurate reimbursements from external funding sources.
• Monitor and track construction-in-progress (CIP) accounts, ensuring that all project costs are correctly recorded and reported.
• Collaborate with construction and facilities teams to capture financial impacts of ongoing projects.
• Prepare detailed project costing reports, providing updates on budget-to-actual performance, variances, and projected financial outcomes.
• Work with project managers to review reports and make financial adjustments as necessary to stay within budget.
• Ensure compliance with university policies, grant agreements, and state and federal regulations.
• Assist internal and external auditors with project-specific financial audits and reviews, providing necessary documentation and explanations.

Requirements

• Bachelor's degree in accounting, finance, or a related field
• One (1) year experience in project or grant accounting or related field
• Excellent analytical, organizational, and communication skills
• Experience with Excel, Word, and/or related software
• Experience may be considered in lieu of education

Nice-to-haves

• Experience using PeopleSoft ERP
• Experience with capital project financing and budgeting
• Knowledge of state and federal regulations related to grant-funded projects and construction accounting
• Project or grant accounting experience in higher education or public sector
• Understanding of project accounting principles and financial reporting
• Knowledge of university financial systems and processes

Benefits

• Excellent compensation package including health, retirement, & fringe benefits for eligible employees.
• Coverage includes medical, prescriptions, life insurance, AD&D, and matching retirement provided by UTPB.
• Eligibility to add dental, vision, family coverage, & flex-spending accounts, additional retirement, and other coverages.
• Fringe benefits include tuition reimbursement (after one year of service), wellness breaks, employee assistant program (EAP), and meal deals.
• Ample leave policy.