Senior Project Accountant

About the Job

About the Company:

C.A.C. Industries is a leading heavy civil construction and infrastructure contractor serving the greater New York metropolitan area. The company specializes in complex public works projects, including transportation infrastructure, utilities, environmental construction, and other large-scale civil projects. With a strong reputation for quality execution and operational excellence, C.A.C. continues to deliver impactful infrastructure projects throughout the region.

Position Overview:

C.A.C. Industries is seeking a highly analytical and detail-oriented Senior Project Accountant to support project financial management across multiple heavy civil construction projects. This individual will serve as a key liaison between Accounting, Estimating, and Project Management, ensuring accurate project budgets, cost tracking, productivity analysis, and financial reporting.

The ideal candidate will have a strong background in heavy civil construction accounting , project controls, job costing, and cost-to-complete analysis. Experience working with construction ERP systems, preferably CMiC , is highly desirable.

Key Responsibilities:

Project Budgeting & Cost Management:

• Establish project budgets within CMiC upon contract award.
• Coordinate with Estimating and Project Management teams to convert detailed estimates into project budgets.
• Upload and maintain project budget information within CMiC.
• Monitor project budgets and actual costs to identify variances and potential risks.
• Reconcile project costs between accounting and project management systems.

Project Controls & Cost Analysis:

• Prepare and maintain quarterly Cost-to-Complete (CTC) reports.
• Analyze productivity rates and compare actual performance against estimates.
• Identify profit fade, profit gain, underbilling's, and other financial trends.
• Assist project teams in monitoring project performance and maintaining accurate forecasting.
• Perform job cost analysis and provide recommendations to leadership.

Labor, Equipment & Overhead Analysis:

• Maintain and update labor and equipment rates within CMiC.
• Develop and monitor internal equipment rates and compare actual costs to industry benchmarks.
• Review labor costs, fringe benefits, insurance costs, and overhead allocations.
• Analyze shop costs and assist in developing cost allocation methodologies and control procedures.

Cash Flow & Reporting:

• Assist with project cash flow forecasting and analysis.
• Monitor actual versus projected project cash flows.
• Develop and enhance reporting tools, dashboards, and performance metrics for Project Managers and leadership.
• Support the creation of standardized operational and financial reports.

Systems & Process Improvement:

• Become a subject matter expert in the company's project management and accounting systems.
• Provide support to project teams for CMiC-related questions and troubleshooting.
• Assist with process improvements to increase efficiency, reporting accuracy, and visibility into project performance.

Project Administration:

• Monitor requisition submissions and project billing support activities.
• Ensure project financial information is accurate, complete, and timely.
• Work closely with Accounting, Operations, and Project Management teams to support project success.

Qualifications:

Required Experience:

• 5+ years of accounting, project accounting, project controls, or cost accounting experience within the construction industry.
• Heavy civil construction, infrastructure, utility, transportation, or public works experience strongly preferred.
• Strong knowledge of:
  • Job costing.
  • Construction budgeting.
  • Cost-to-complete (CTC) reporting.
  • Project forecasting.
  • Productivity analysis.
  • Cash flow management.
  • Construction financial reporting.

Technical Skills:

• Experience with construction ERP systems, preferably CMiC .
• Advanced Microsoft Excel skills.
• Ability to analyze large datasets and develop meaningful financial reports.
• Strong understanding of construction accounting principles and project cost management.

Personal Attributes:

• Strong analytical and problem-solving skills.
• Excellent organizational and communication abilities.
• Ability to work cross-functionally with Project Managers, Estimators, and Accounting teams.
• Self-motivated with a proactive approach to identifying issues and recommending solutions.

Preferred Background:

• Senior Project Accountant.
• Project Controls Accountant.
• Construction Accountant.
• Cost Accountant.
• Project Controls Analyst.
• Project Cost Manager.
• Construction Financial Analyst.
• Heavy Civil Construction Accountant.