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Project Costing Accounting Manager
2 months ago
Michael Page is partnering with a rapidly growing, PE-backed organization located near Lisle, IL. The company has received significant investments from the PE sponsor and government grants, driving its immense growth. We are seeking a skilled professional to fill the Project Costing Accounting Manager role, which offers a unique opportunity to make a direct impact on the company's financial decisions.
Job DescriptionKey Responsibilities:
- Oversee construction project accounting and asset capitalization processes to ensure accuracy and compliance with financial goals and budget constraints.
- Perform regular financial assessments to detect discrepancies and propose corrective measures.
- Collaborate with cross-discipline departments, including engineers, project managers, and finance, to ensure proper capitalization of Construction in Progress (CIP) from inception through completion.
- Compile and deliver financial reports to senior management, project managers, and stakeholders.
- Identify financial risks linked to projects and devise strategies to mitigate them.
- Assess financial impacts of adjustments in project scope or timelines.
- Monitor and oversee company-owned assets from their initial acquisition through their entire life cycle, including additions, adjustments, disposals, and transfers.
- Verify the accuracy of asset-specific details, such as service commencement dates, locations, quantities, costs, disposal dates, and more.
- Monitor the company's capital expenditures against budgetary limits and management approvals.
- Track cash flow associated with additions to fixed assets.
- Conduct annual physical audits of fixed assets.
- Design and implement financial processes and systems to enhance efficiency and accuracy.
- Continuously refine practices and procedures in capital fixed asset accounting.
- Provide training and guidance to accounting staff on best practices in capital fixed asset accounting.
- Ensure compliance with accounting standards, regulatory requirements, and internal controls.
- Collaborate with auditors during financial audits and assist with inquiries pertaining to fixed assets.
- Stay updated on changes in accounting regulations and industry trends related to capital accounting.
- Identify inefficiencies in the cost accounting and capital accounting processes and recommend improvements or automation solutions.
- Utilize technology tools and systems to streamline capital fixed asset accounting processes and improve reporting functionality.
Essential Qualifications:
- Bachelor's Degree in Accounting & Finance or related field.
- 5+ years of accounting experience.
- Strong technical accountant with project accounting experience.
- Someone with construction or telecommunication experience.
- Detail-oriented with a focus on accuracy and quality.
- MBA and/or CPA a plus.
- Proficiency in accounting software (e.g., NetSuite), Microsoft Excel, and other financial analysis tools nice to have.
- Ability to think critically and analytically.
- Strong knowledge of GAAP.
- Strong verbal and written communication skills.
- Ability to work collaboratively with the existing team.
- Ability to work independently as well.
- Attention to detail and to perform multiple tasks at once.
Competitive Package:
- Highly competitive compensation package.
- Strong benefits.
- PE Backed, rapidly growing company.
- Ample room to progress your career.
- Remote working flexibility.
- Highly visible role, collaborating with the CFO and senior leaders.
- Mentorship and training from the team.
- Awesome team culture.