Cost Control Accountant

2 days ago


New York, New York, United States Joy Construction Corporation Full time
Job Title: Cost Control Accountant

We are seeking a highly skilled Cost Control Accountant to join our team at Joy Construction Corporation.

About the Role:

The Cost Control Accountant will be responsible for assisting in the development and maintenance of project budgets, forecasting project costs, and monitoring actual project expenditures against the budget.

Key Responsibilities:

  • Budget Preparation and Management: Assist in the development and maintenance of project budgets, and forecast project costs based on historical data and project specifics.
  • Cost Monitoring and Reporting: Regularly monitor actual project expenditures against the budget and forecast future costs. Prepare detailed cost reports and financial summaries to present to project managers and senior management.
  • Change Order Management: Evaluate the financial impact of changes in project scope, including additional work or alterations, and incorporate these into the project budget.
  • Risk Analysis: Identify potential financial risks associated with project delays, cost overruns, and other issues. Develop and implement strategies to mitigate these risks.
  • Collaboration with Project Teams: Work closely with project managers, sites, subcontractors, and other stakeholders to ensure cost objectives are met. Provide cost-related input and advice during project planning and execution phases.
  • Financial Forecasting and Analysis: Analyze variances between actual and budgeted or forecasted costs and recommend corrective actions.

Requirements:

  • Bachelor's Degree: A degree in accounting is required.
  • Practical Experience: Hands-on experience in construction management, cost estimation, or a related field is essential.
  • Leadership and Teamwork: Experience in leading teams or working collaboratively within a project management team is beneficial.

Essential Skills:

  • Analytical Skills: The ability to analyze financial data, interpret cost reports, and forecast expenses is crucial.
  • Financial Acumen: Proficiency in financial principles, budgeting, and accounting practices is essential for effective cost control and financial reporting.
  • Technical Proficiency: Knowledge of construction management software (e.g., Procore) and financial software (e.g., Sage) is necessary for efficient tracking and reporting of project costs.
  • Communication Skills: Excellent verbal and written communication skills are vital for liaising with project stakeholders, negotiating with suppliers, and presenting financial reports to management.
  • Problem-Solving: The ability to quickly identify problems and devise practical solutions is critical, especially when addressing budget overruns or unexpected project challenges.

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