Accountant II

4 weeks ago

Pasadena, United States Charles Pankow Builders Ltd Full time
Job DescriptionJob Description

JOB SUMMARY

The Accountant II is responsible for supporting projects with a contract value categorized as small and/or medium. The Accountant II works closely with project teams to ensure that the work-in-progress reports reflect accurate information. They are the main point of contact for upper management on project questions related to cost, profit, billings, and cash. They are a partner in project setup, project delivery, and best practices by recognizing when collaboration amongst different functional teams is needed. The Accountant II reports to the Assistant Controller or above depending on location.

JOB SCOPE & ESSENTIAL FUNCTIONS

Primary Accountabilities

  • Project Accounting:
    • Partner with project teams on all cost-related activities from setup to job closeout phases.
    • Assist in the planning of all cost management activities for a project.
    • Provide project teams and management with job analytics reporting that supports the overall business.
    • Work with project teams on phase code budgeting and initial ERP project setup.
    • Assist in the development of the billing cycle, responsibilities of the project team, and owner.
      • Invite experts to participate in the conversation when needed.
    • Add best practices to ensure timely billing, approval, and payment.
    • Drive the Accounts Receivable collection process externally and internally.
    • Review monthly project billings for accuracy and completeness per owner’s contract requirements.
    • Ensure billing strategies are being followed to support a healthy cash flow and make recommendations as necessary.
    • Assist in change management by reconciling and verifying PCIs and OCOs from an accounting point of view.
    • Assist project teams with monthly forecasting tasks, identifying areas of concerns, and collaborating with subject matter experts to initiate solutions to determine proper future forecasting.
    • Recommend cost and financial management process improvements.
    • Assist with training project teams on billing, PCIs, forecasting, profitability, accounting principles, and overall business acumen.
    • Collaborate with experts to troubleshoot ERP job cost and system-related issues.
    • Prepare analytical reporting that will assist with sound decision-making for the project and company.
    • Team with or delegate work to an Accountant I or Process Engineers if necessary and review work for accuracy.
    • Engage in and/or lead meetings with project teams and owners.
  • Corporate Accounting:
    • Assist in completing assignments related to the preparation of financial statements.
    • Analyze revenue, profit, and over/under billings for assigned projects.
    • Compile the WIP package for management to review and provide key notes for the project to be presented with the WIP report.
    • Assist with the preparation of financial statements, including but not limited to:
      • Backlog report, top-level financial entries, GP Fade report, Burn report and other committee reporting requests.
    • Work with other Accounting team members to share best practice solutions.
    • Be a resource for external parties.
      • Auditors, consultants, government agencies, and project owners, etc.
    • Assist with other miscellaneous corporate-related projects on an as-needed basis.

QUALIFICATIONS

Education/Training

  • Bachelor’s degree in business administration, accounting, finance, or related field is typical.

Knowledge/Skills/Abilities

  • Knowledge of GAAP, IFRS, other accounting concepts, and experience in application.
  • Moderate Microsoft Excel skills required.
  • Problem solver with analytical capabilities.
  • Excellent communication and people skills required.
  • Proactive in all functions; highly detail-oriented and self-motivated.
  • High ethical and professional standards.

Work Location

  • This position may require travel to different job locations and to other company locations.

Work Experience

  • 2 – 3 years in the construction industry and general accounting.


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