Cost Accounting Manager

2 days ago

Aurora, Illinois, United States Michael Page Full time
About Our Client

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, leading to immense growth. We have successfully placed two individuals in this role last year, and as one of them has already received a promotion, the company is now looking to bring on a Project Costing Accounting Manager.

Job Description

As the Project Costing Accounting Manager, you will oversee the construction project accounting, asset capitalization processes, and provide analytical insights to support strategic business decision-making. You will work collaboratively with cross-discipline departments (engineers, project managers, finance, etc.) to ensure accuracy in each project's completion.

Key Responsibilities:
  • Supervise and manage costs associated with construction and customer installations to ensure they meet financial goals and budget constraints.
  • Perform regular financial assessments to detect discrepancies and propose corrective measures.
  • Work closely with project managers, engineers, and various departments to monitor Construction in Progress (CIP) from inception through completion, ensuring proper capitalization upon project closure.
  • 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.
  • Ad hoc requests as needed.
Requirements

To be successful in this role, you will need:

  • 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.
What's on Offer

We offer a highly competitive compensation package, strong benefits, and a rapidly growing company with ample room to progress your career. You will also have the opportunity to work remotely and collaborate with the CFO and senior leaders. Our team culture is awesome, and we provide mentorship and training to help you grow in your role.

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