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Lead Project Accountant

2 months ago

McKinney, Texas, United States Moss Full time

POSITION OVERVIEW AND ORGANIZATIONAL SIGNIFICANCE

The Senior Project Accountant at Moss plays a crucial role in the financial management of projects by meticulously reviewing contracts and agreements for accounting-related details. This position is essential for the preparation and examination of financial statements associated with the project. The Senior Project Accountant adheres to Moss' established policies and procedures while promptly communicating any potential profitability concerns or risks to management. Additionally, this role supports the month-end closing process and generates necessary reports as required.

KEY RESPONSIBILITIES

  • Examine owner contracts, addendums, and exhibits to ensure compliance with financial and risk management standards.
  • Interpret and comprehend the financial implications of the owner's contract requirements related to the project.
  • Review Payment Change Instructions (PCI) for accuracy before posting in the financial management system.
  • Maintain the Notice to Owner Log within the designated enterprise software.
  • Verify coding and approval of invoices for assigned projects.
  • Collaborate with Accounts Payable to ensure compliance for timely vendor payments.
  • Input budgets for new or additional project phases.
  • Manage subcontractor billings, tracking, and payments through the designated system, coordinating with the Project Management team for approved submissions.
  • Prepare accurate and timely monthly submissions to clients.
  • Assist in the collection of accounts receivable as needed for the project.
  • Oversee and manage all accounts established for the project.
  • Prepare documentation required for subcontractor payment releases.
  • Facilitate the release of liens and claims as necessary.
  • Process weekly and bi-weekly payroll time sheet entries for job sites.
  • Prepare and submit accurate owner billing reconciliations to job cost.
  • Support the Project Manager with accounting reports and issues, auditing and reconciling job cost details for forecasting purposes.
  • Monitor the sub-guard program in collaboration with the risk department to validate contract values and enrolled subcontractors.
  • Work alongside the Project Manager and insurance coordinator to manage applicable insurance programs for the project.
  • Ensure compliance of all subcontractors in collaboration with the project team.
  • Exhibit flexibility to travel as necessary and work on-site as required.
  • Perform additional duties as assigned.

EDUCATION AND EXPERIENCE REQUIREMENTS

  • Bachelor's degree in accounting is preferred.
  • A minimum of 3-5 years of experience in project accounting within a General Contractor environment.
  • Proficient in Microsoft Office applications, including advanced functions.
  • Demonstrated initiative, teamwork, and independent thinking.
  • Strong working knowledge of cost analysis.
  • Exceptional analytical and organizational skills with a keen attention to detail.
  • Ability to handle confidential information with discretion.