Project Cost Accountant

1 week ago


New York, New York, United States Joy Construction Corporation Full time
Job Overview

We are seeking a skilled professional for the role of Cost Control Accountant at Joy Construction Corporation.

Key Responsibilities:

The responsibilities of the Cost Control Accountant encompass, but are not limited to:

  • Budget Development and Oversight: Aid in formulating and sustaining the project budget; anticipate project expenses utilizing historical data and specific project details.
  • Expenditure Monitoring and Reporting: Continuously track actual project spending against the budget and project future costs. Generate comprehensive cost reports and financial summaries for presentation to project leaders and upper management.
  • Management of Change Orders: Assess the financial implications of modifications in project scope, including additional tasks or adjustments, and integrate these into the project budget.
  • Financial Risk Assessment: Recognize potential financial threats linked to project delays, budget overruns, and other challenges. Formulate and execute strategies to alleviate these risks.
  • Collaboration with Project Teams: Collaborate closely with project managers, site personnel, subcontractors, and other stakeholders to ensure cost objectives are achieved. Provide cost-related insights and guidance during project planning and execution.
  • Financial Analysis and Forecasting: Examine discrepancies between actual and projected costs and suggest corrective measures.
Educational Qualifications:
  • Bachelor's Degree: A degree in accounting is required.
Professional Experience:
  • Relevant Experience: Practical experience in construction management, cost estimation, or a related discipline is essential.
  • Team Leadership: Experience in leading teams or collaborating within a project management environment is advantageous.
Essential Competencies:
  • Analytical Abilities: The capacity to scrutinize financial data, interpret cost reports, and project expenses is vital. Attention to detail is crucial for identifying discrepancies and potential cost-saving opportunities.
  • Financial Knowledge: Mastery of financial principles, budgeting, and accounting practices is necessary for effective cost management and financial reporting.
  • Technical Skills: Familiarity with construction management software (e.g., Procore) and financial software (e.g., Sage) is required for efficient tracking and reporting of project costs.
  • Communication Proficiency: Strong verbal and written communication skills are essential for engaging with project stakeholders, negotiating with suppliers, and delivering financial reports to management.
  • Problem-Solving Skills: The ability to swiftly identify issues and develop practical solutions is critical, particularly when addressing budget overruns or unforeseen project challenges.


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