Construction Accountant- Hybrid

Job Description

Job Description

JOB DESCRIPTION
CONSTRUCTION ACCOUNTANT

SUMMARY

The Construction Accountant is a self-motivated individual who will be responsible for assisting with overseeing and directing the accounting and reporting functions for in-house GC construction activities. The position will prepare monthly bank draws, perform regular G/L accounting & job cost accounting functions, and prepare financial reporting. This employee is expected to understand and assist in managing the process of flows within the accounting department. Work is performed according to established policies, procedures, and deadlines. This employee is expected to exercise discretion and judgment, develop work routines and complete assignments with minimal supervision. This is a salary, exempt position.

ESSENTIAL DUTIES AND RESPONSIBILITIES

The following duties and responsibilities are given as examples of the various types of work either performed or managed by this position. Other duties and responsibilities may be assigned.

1. Prepare monthly GC draws for each construction project by receiving the monthly construction billings from the subcontractor and combining that information with direct construction costs for review by Controller.

1. Compile and analyze financial information to prepare entries to accounts, for intercompany business transactions, corporate cards, and complete related GL reconciliations.

1. Code and pay overhead business costs for Construction entity and bill back to job’s if needed.

1. Assist with preparation of monthly financial reporting packages and delivers to management.

1. Prepares reports for management as and when required.

1. Protects organization's value by keeping information confidential.

1. Maintains prompt and regular attendance.

To get a full understanding of the department’s needs and cross training with Project Coordinators:

1. Prepare Subcontracts and obtain subcontractor COI’s and W-9’s ensuring compliance with TDC requirements for onboarding purposes.

1. Processes vendor invoices, credit card charges, and subcontractor bills in accounting software (reviewing data entry for accuracy and verify proper project/departments).

1. Follow up with Project Manager to make sure all change orders are entered to Procore.

1. Contact subcontractors for lien waivers as required and ensure proper lien releases are obtained from vendors prior to payment.

1. Tracks subcontractor’s licenses and insurance to ensure both remain current for one job.

1. Monitors and reconciles contractor retainage accounts.

EDUCATION AND EXPERIENCE REQUIREMENTS

Bachelor’s degree in accounting with two or more years of experience in Construction Accounting required or an equivalent combination of education, experience, and training that provides required knowledge, skills, and abilities.

Knowledge of personal computers and Microsoft software products, including experience with contracts and job costing is a must. Knowledge of ERP Systems, Procore and Textura a plus.

REQUIRED KNOWLEDGE, SKILLS, AND ABILITY PHYSICAL REQUIREMENTS

While performing the duties of this position, the employee is regularly required to walk; stoop; talk; sit at a desk; hear; lift and/or move up to twenty pounds; and reach with hands and arms. Vision abilities required by this job include close vision and the ability to adjust, focus and spend extended hours using and viewing a computer monitor. Accuracy reading and entering numbers is critical.

WORKING CONDITIONS

Work is normally performed in an office work environment, which does not subject the employee to any unpleasant elements. The noise level in the work environment is usually moderately quiet. The employee may be required to work a flexible schedule and periodically work overtime as needed. Travel will be minimal if any.