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Project Operations Accountant

3 months ago

Minneapolis, United States Mortenson Construction Full time

ABOUT MORTENSON

As a Top 25 builder, developer, and EPC, our expertise spans markets like sports, renewable energy, data centers, healthcare, and more. We are builders at heart, working to ensure the built environment has a lasting positive impact.
Let's Redefine Possible

SUMMARY

Mortenson is currently seeking a Project Accountant that will provide accounting, analysis, and financial support to one or more team's overseeing completion of a construction project. This individual will serve as the key liaison from the Finance and Accounting department to the project team.

RESPONSIBILITIES

Review the construction contract requirements for assigned projects (i.e., lump sum or smaller cost-plus)

  • Utilize contract summary for daily work
  • Perform budget allocations as required
  • May provide assistance in complying with various other contract requirements, i.e., certified payroll reporting, minority participation reporting, or providing necessary information to maintain insurance for the project
  • Assist in tracking subcontractor lien waivers if necessary

Process receivables in a timely manner to result in a favorable project cash flow

  • Prepare less complex cost-plus project billings, ensuring all allowable costs are billed in a timely manner
  • Respond to resulting questions from customer or project manager
  • Ensure cash receipts are posted to the correct invoice
  • Elevate awareness of financial implications that can be addressed or reversed
  • Work with the project team to assure timely payment receipt
  • May prepare lump sum billings in lieu of the Project Manager - Enter project billings into the system for lump sum billings
    • Provide new vendor set-up information, coordinate payments, and daily issuances as needed

Process payables with an accurate understanding of the sales and use tax requirements for the project

  • Set up new subcontracts and process subcontractor applications when appropriate
  • Review equipment pre-bill reports and work with Project Manager to ensure accuracy
  • Ensure all project costs (equipment, material, supplies, misc.) are processed

Conduct project cost, other analyses, and reporting for the project team and Group Accounting Manager

  • Prepare specialized reporting for assigned projects
  • May assist the project manager in preparing monthly financial projections, including potential cost issues that may impact forecasted costs and profitability
  • Understand what is impacting the project costs, and identify anything improperly impacting an assigned project

Understand the relevant components of labor cost in the geographic area of the project

  • Includes union agreement details, benefit programs, and prevailing wage requirements
  • Ensure new craft labor team members are in the system, team member files are created and maintained, and hours are captured and reported weekly
  • Review certified payroll reports for accuracy and completeness

Other duties as assigned, including:

  • Answer general questions on PCIM policy or system
  • Represent Mortenson's best interests in working with project auditors
  • Assist with annual and special audits as necessary
  • Assist with annual physical inventory procedures as necessary

QUALIFICATIONS

  • Bachelor's degree in Accounting, Finance or Business Administration or equivalent years of project accounting experience
  • Detail orientation and organizational skills sufficient to support multiple concurrent projects
  • Construction-related business exposure helpful; especially knowledge of percentage of completion accounting and construction contracts
  • Qualified candidates will have a minimum of 3 years accounting experience, preferably with construction accounting
  • Experienced supporting a large number of team members
  • Proficiency in working on the computer in Microsoft Office, Email and Calendar systems, and PowerPoint
  • Intermediate skills in Microsoft Excel, as well as experience with ERP accounting applications
  • Strong working knowledge of basic office equipment
  • Strong communication skills both written and verbal
  • Ability to be highly organized

Mortenson is an EOE/Affirmative Action/M/F/Veteran/Disabled employer.

Visa sponsorship is not offered for this position.

Mortenson reserves the right to hire any individual without legal or financial obligation on unwanted solicitations. No agency emails, calls, or solicitations are accepted without a valid agreement.

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