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Contract Accounting Jobs in Addison, IL (NOW HIRING)

Contract Administrator

Chicago, IL · On-site +1

$76K - $90K/yr

Strong understanding of lease or contract accounting principles * Proficiency in Microsoft Office suite and Smartsheet * Excellent attention to detail and organizational skills * Strong communication ...

New

Support month-end and project-close activities related to billing schedules and contract accounting, coordinating on WIP, unbilled revenue, and billing timing questions that trace back to contract ...

Accounting Manager

Addison, IL · On-site

$31.66 - $36.66/hr

This Long-term Contract position will lead core accounting activities, strengthen reporting accuracy, and provide financial insight that supports sound business decisions. The role combines hands-on ...

New

Accounting Manager

Rolling Meadows, IL · On-site

$100K - $120K/yr

Contract and pricing strategy support for the executive team * Leadership and development of two direct reports Requirements: * Bachelor's degree in Accounting or Finance; CPA preferred * 5 or more ...

Accounting Manager

Chicago, IL · On-site

$115K - $125K/yr

Strong analytical skills to analyze revenue generating contracts and determine their impact to the ... Manage and develop Staff and Senior team of Revenue Recognition Accountants and FSC team in ...

Experience with accounting for costs to obtain a contract (ASC 340-40, Contracts with Customers) a plus * Experience with Tableau Unleash Your Potential When you join Salesforce, you'll be limitless ...

Experience with accounting for costs to obtain a contract (ASC 340-40, Contracts with Customers) a plus * Experience with Tableau Unleash Your Potential When you join Salesforce, you'll be limitless ...

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Contract Accounting information

See Addison, IL salary details

$10

$36

$95

How much do contract accounting jobs pay per hour?

As of Aug 11, 2026, the average hourly pay for contract accounting in Addison, IL is $36.15, according to ZipRecruiter salary data. Most workers in this role earn between $21.20 and $36.59 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a contract accountant, and why are they important?

To thrive as a Contract Accountant, you need a solid background in accounting principles, knowledge of contract law, and typically a degree in accounting or finance. Familiarity with accounting software like QuickBooks, SAP, or Oracle, as well as understanding of compliance regulations, is often required. Strong attention to detail, analytical thinking, and effective communication are crucial soft skills for accurately managing contracts and collaborating with stakeholders. These skills ensure compliance, minimize financial risk, and support sound decision-making in contract management.

What is the difference between Contract Accounting vs Accounts Payable Specialist?

AspectContract AccountingAccounts Payable Specialist
CredentialsAccounting degree, CPA or similar certifications often preferredHigh school diploma or associate's degree, some accounting knowledge beneficial
Work EnvironmentCorporate finance, project-based, often in accounting or finance departmentsFinance or accounting departments, processing invoices and payments
Employer & Industry UsageUsed in industries with project-based work like construction, engineering, or consultingCommon across various industries handling vendor payments and invoice processing

Contract Accounting focuses on managing financial records for specific projects or contracts, requiring accounting expertise. Accounts Payable Specialists handle invoice processing and payments, often with less emphasis on complex accounting principles. While both roles involve financial data, Contract Accounting is more specialized and analytical, whereas Accounts Payable is more transactional and operational.

What are some common challenges faced in contract accounting roles, and how can they be managed effectively?

Contract accounting professionals often face challenges such as interpreting complex contract terms, ensuring compliance with revenue recognition standards (like ASC 606), and maintaining accuracy under tight deadlines. Managing these challenges requires strong attention to detail, regular collaboration with legal and sales teams, and ongoing professional development to stay updated on accounting standards. Utilizing robust accounting software and establishing clear communication channels across departments can significantly improve efficiency and reduce errors.

What is contract accounting?

Contract accounting is a specialized area of accounting that focuses on tracking, managing, and reporting financial transactions related to contracts between businesses and their clients or vendors. This process involves monitoring contract revenue, costs, billing, and compliance with contractual terms. Contract accountants ensure that financial records accurately reflect the performance and obligations of each contract, often in industries like construction, government, and consulting. Their work is crucial for auditing, financial planning, and meeting regulatory requirements.
What are the most commonly searched types of Accounting jobs in Addison, IL? The most popular types of Accounting jobs in Addison, IL are:
What are popular job titles related to Contract Accounting jobs in Addison, IL? For Contract Accounting jobs in Addison, IL, the most frequently searched job titles are:
What job categories do people searching Contract Accounting jobs in Addison, IL look for? The top searched job categories for Contract Accounting jobs in Addison, IL are:
What cities near Addison, IL are hiring for Contract Accounting jobs? Cities near Addison, IL with the most Contract Accounting job openings:
Infographic showing various Contract Accounting job openings in Addison, IL as of August 2026, with employment types broken down into 85% Full Time, 10% Part Time, 1% Temporary, and 4% Contract. Highlights an 86% Physical, 7% Hybrid, and 7% Remote job distribution, with an average salary of $75,202 per year, or $36.2 per hour.

Senior Manager, Procurement and Contract Accounting

Kraft Heinz Company

Chicago, IL • On-site

$120K - $151K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 7 days ago


Kraft Heinz rating

7.0

Company rating: 7.0 out of 10

Based on 122 frontline employees who took The Breakroom Quiz

230th of 436 rated food and drinks producers


Job description


Here at Kraft Heinz, we grow our people to grow our business, because we believe that great people make great companies. When you join our table, you can expect access to an array of holistic wellness benefits* and perks, including medical, dental and vision coverage, 7% 401(k) matching, Business Resource Groups (BRGs) to help foster diversity, inclusion, and belonging for all employees, an industry-leading total rewards package that emphasizes a high discretionary bonus. *Benefits begin 30 days after hire for hourly employees, and immediately upon hire for salaried employees. Get a peek into life here at Kraft Heinz through our Instagram and TikTok channels!
Senior Manager, Procurement & Contract Accounting at a glance....
The Senior Manager, Procurement & Contract Accounting will oversee the accounting for the complete contract lifecycle in the North America Zone (NAZ), including preliminary review of draft agreements, Controllership approvals, and ongoing close monitoring activities subsequent to agreement execution. This individual will have a central role in synthesizing information and "connecting the dots" between disparate sources of information to drive the appropriate accounting conclusions across North America Controllership.
What's on the menu?
  • Perform technical accounting review of all contracts that require North America Controllership approval under Company policy
  • Oversee all month-end close activities related to NA Procurement contracts including journal entries, account reconciliations, variance analyses, and ad hoc reporting
  • Research and apply accounting guidance and exercise sound judgment in determining the appropriate accounting for vendor rebates, penalties, true-ups, contingencies, and other accruals
  • Prepare and review summaries of negotiated commercial terms and accounting conclusions for presentation to Controllership leaders and CFOs
  • Serve as point of contact to Controllership and BU stakeholders for US GAAP recognition and financial policy questions arising from vendor contracts in North America
  • Monitor and communicate KHC financial policy findings and root causes to procurement leadership
  • Act as NA Controllership relationship owner with NA Procurement, Global Procurement Compliance, MAC (Management Action Committee) Facilitators, and NA Procurement Finance
  • Manage requests and communication with internal and external auditors related to vendor contracts and relevant SOX controls
  • Develop and facilitate formal training sessions with audiences of up to ~250 cross-functional participants
  • Periodically review and provide feedback on company-wide financial policies
  • Supervise two direct reports and three indirect reports

Recipe for Success - apply now if this sounds like you!
  • Bachelor's degree or equivalent in Accounting or Finance; CPA a plus
  • A minimum 7 years of relevant management experience, in accounting with mix of general ledger, technical accounting, and audit expertise preferred
  • Exceptional written communication skills and ability to simplify complex topics for Leadership, Controllership and non-accountant cross-functional partners
  • Unwavering sense of professional skepticism
  • Strong knowledge of US GAAP
  • Proactively seeks opportunities to continuously improve
  • Strong project management and organizational skills
  • Technology savvy with demonstrated ability to learn systems and processes quickly
  • Familiarity with procurement process and contracts a plus

Our Total Rewards philosophy is to provide a meaningful and flexible spectrum of programs that equitably support our diverse workforce and their families and complement Kraft Heinz' strategy and values.
New Hire Base Salary Range:
$120,800.00 - $151,000.00
Bonus: This position is eligible for a performance-based bonus as provided by the plan terms and governing documents.
The compensation offered will take into account internal equity and may vary depending on the candidate's geographic region, job-related knowledge, skills, and experience among other factors
Benefits: Coverage for employees (and their eligible dependents) through affordable access to healthcare, protection, and saving for the future, we offer plans tailored to meet you and your family's needs. Coverage for benefits will be in accordance with the terms and conditions of the applicable plans and associated governing plan documents.
Wellbeing: We offer events, resources, and learning opportunities that inspire a physical, social, emotional, and financial well-being lifestyle for our employees and their families.
You'll be able to participate in a variety of benefits and wellbeing programs that may vary by role, country, region, union status, and other employment status factors, for example:
  • Physical - Medical, Prescription Drug, Dental, Vision, Screenings/Assessments
  • Social - Paid Time Off, Company Holidays, Leave of Absence, Flexible Work Arrangements, Recognition, Training
  • Emotional - Employee Assistance Program , Wellbeing Programs, Family Support Programs
  • Financial - 401k, Life, Accidental Death & Dismemberment, Disability

Location(s)
Chicago/Aon Center
Kraft Heinz is an Equal Opportunity Employer - Underrepresented Ethnic Minority Groups/Women/Veterans/Individuals with Disabilities/Sexual Orientation/Gender Identity and other protected classes. In order to ensure reasonable accommodation for protected individuals, applicants that require accommodation in the job application process may contact NAZTAOps@kraftheinz.com for assistance.

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