Accountant
4 weeks ago
The Financial Reporting Specialist will be responsible for managing the financial transactions, project accounting, and reporting for a construction company. This position involves monitoring project budgets, ensuring compliance with financial regulations, and preparing accurate financial reports. The ideal candidate is a detail-oriented professional with strong knowledge of accounting principles and experience in the construction industry.
Key Responsibilities- Financial Reporting: Prepare accurate and timely financial statements, including income statements, balance sheets, and cash flow reports, on a monthly, quarterly, and annual basis.
- Project Accounting: Manage and track the financial performance of construction projects by monitoring job costs, progress billing, and contract payments. Ensure proper allocation of expenses to specific projects.
- Accounts Payable (AP): Oversee the AP process, including reviewing vendor invoices, ensuring accuracy, approving payments, and managing subcontractor agreements and lien waivers.
- Accounts Receivable (AR): Prepare and send client invoices, manage collections, track payment schedules, and follow up on outstanding accounts.
- Budgeting & Forecasting: Assist in the preparation of annual budgets, project cost forecasts, and financial plans. Track project budgets and provide variance analysis against actual expenditures.
- Reconciliation: Reconcile bank statements, project accounts, and other financial records to ensure accuracy. Investigate discrepancies and resolve issues promptly.
- Cash Flow Management: Monitor cash flow to ensure that sufficient funds are available for project expenses and company operations. Provide recommendations to improve financial stability.
- Payroll & Labor Cost Tracking: Oversee payroll processing and ensure accurate allocation of labor costs to projects. Ensure compliance with labor laws, union agreements, and relevant contracts.
- Compliance: Ensure compliance with financial regulations, including tax filings, sales tax, W-9s, and 1099s. Prepare documentation for internal and external audits.
- Job Costing: Track and analyze job costing information, including materials, labor, and overhead expenses. Provide detailed reports to project managers and stakeholders.
- Internal Controls: Maintain strong internal controls to safeguard company assets and ensure the integrity of financial data.
- Collaboration: Work closely with project managers, procurement, and estimating teams to ensure accurate financial tracking and reporting for all projects.
- Audit Support: Assist with preparing and providing documentation for internal and external audits.
- Education: Bachelor's degree in Accounting, Finance, or a related field required.
- Experience: 3-5+ years of accounting experience, preferably in the construction industry.
- Knowledge: Strong understanding of GAAP and job cost accounting.
- Software: Proficiency in accounting software such as QuickBooks, Sage, Viewpoint, or other industry-specific programs.
- Skills: Advanced knowledge of Microsoft Excel and other Microsoft Office applications. Excellent attention to detail and organizational skills. Strong problem-solving and analytical abilities. Ability to handle multiple tasks and meet deadlines in a fast-paced environment.
Primarily office-based with occasional visits to construction job sites. Full-time position with typical hours Monday to Friday, 8:00 AM to 5:00 PM, with possible extended hours during busy periods.
Salary & BenefitsCompetitive salary, based on experience and qualifications. Comprehensive benefits package including health, dental, and vision insurance. 401(k) retirement plan with company matching. Paid time off (PTO), holidays, and other benefits.
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