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Project Cost Accountant

2 months 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:

  • Budget Development and Oversight: Collaborate in the formulation and maintenance of project budgets; anticipate project expenses based on previous data and specific project requirements.
  • Expense Tracking and Analysis: Continuously assess actual project spending against the established budget and project forecasts. Generate comprehensive cost reports and financial summaries for presentation to project leaders and upper management.
  • Modification Order Assessment: Analyze the financial implications of changes in project scope, including additional tasks or modifications, and integrate these into the project budget.
  • Financial Risk Assessment: Recognize potential financial threats linked to project delays, budget excesses, and other complications. Formulate and execute strategies to alleviate these risks.
  • Collaboration with Project Teams: Engage closely with project managers, site personnel, subcontractors, and other stakeholders to ensure cost objectives are achieved. Provide financial insights and guidance during project planning and execution phases.
  • Financial Forecasting and Review: Evaluate discrepancies between actual and projected costs, and suggest corrective measures.

Educational Qualifications:

  • Bachelor's Degree: A degree in accounting or a related field.

Professional Experience:

  • Relevant Experience: Practical experience in construction management, cost estimation, or a similar domain.
  • Team Leadership: Experience in leading teams or collaborating within a project management environment is advantageous.

Core Competencies:

  • Analytical Proficiency: The capability to scrutinize financial data, interpret cost reports, and project expenses is essential. Attention to detail is crucial for identifying discrepancies and potential cost-saving opportunities.
  • Financial Knowledge: Strong understanding of financial principles, budgeting, and accounting practices is vital for effective cost management and financial reporting.
  • Technical Skills: Familiarity with construction management software (e.g., Procore) and financial systems (e.g., Sage) is necessary for effective tracking and reporting of project costs.
  • Communication Abilities: Strong verbal and written communication skills are critical for engaging with project stakeholders, negotiating with vendors, and delivering financial reports to management.
  • Problem-Solving Skills: The ability to swiftly identify issues and formulate practical solutions is essential, particularly when addressing budget overruns or unforeseen project challenges.