Construction Accounting Manager
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- Construction Accounting ManagerOur client, H5 Data Centers, is one of the nation’s leading privately owned data center operators, providing critical infrastructure that powers today’s digital economy. H5 has retained us to identify and recruit a Construction Accounting Manager who will play a key role in supporting the company’s continued growth and investment in its national portfolio. This reports directly to the Assistant Controller – Construction & Development. The opportunity offers a strong base salary and discretionary bonus plus a very competitive benefits program, as well as complimentary catered lunches provided daily. They also offer the flexibility of a hybrid work environment while joining an organization, continuing to enjoy both stability and exceptional growth.Founded in 2010, H5 Data Centers has grown into one of the leading privately owned data center operators in the United States. Headquartered in Beverly Hills, the company was established with a vision of delivering highly reliable, scalable, and strategically located data center solutions that support the ever-increasing demands of the digital economy.Over the past decade, H5 has expanded through a combination of strategic acquisitions, disciplined investment, and operational excellence, building a national footprint that today spans more than 4 million square feet of data center space across numerous U.S. markets. The company provides wholesale data center, colocation, interconnection, and edge infrastructure solutions to a diverse customer base that includes Fortune 500 companies, cloud providers, telecommunications carriers, content delivery networks, and enterprise organizations.H5 plays a critical role in the infrastructure that powers today’s connected world. As businesses increasingly rely on cloud computing, artificial intelligence, digital content, and mission-critical applications, H5’s facilities enable the secure, reliable, and low-latency exchange of data across the country. The company’s network-neutral approach and focus on flexibility allow customers to design solutions tailored to their unique operational requirements.The name “H5” itself reflects the company’s commitment to innovation and connectivity. It is inspired by John Harrison’s revolutionary H4 marine chronometer, an invention that transformed global navigation by enabling precise measurement of longitude. Just as Harrison’s breakthrough connected the world through more accurate navigation, H5 Data Centers serves as a critical platform connecting businesses, networks, cloud providers, and users in today’s digital age.Their website is RESPONSIBILITIES & COMPETENCIES**The Construction Accounting Manager is responsible for managing project-level accounting, job costing, and financial reporting for construction activities. This role requires a strong understanding of both accounting principles and construction operations, with the ability to independently manage project financials.***Project & Job Cost Accounting***– Maintain and monitor job cost records for all active construction projects– Track budgets versus actual costs and proactively identify and resolve variances– Partner with project managers to ensure accurate cost allocation and forecasting– Review and approve project-related invoices and expenses***Loan Draws & Project Funding***– Prepare and submit loan draw requests in accordance with lender requirements– Compile and review supporting documentation, including lien waivers, invoices, andschedules of values– Coordinate with lenders, project managers, and internal teams to ensure timelyfunding***Accounts Payable & Receivable***– Process subcontractor invoices with proper coding, approvals, and compliancedocumentation– Manage lien waivers and subcontractor documentation requirements– Prepare and submit owner billings, including AIA or similar progress billing formats– Monitor collections and follow up on outstanding receivables***Financial Reporting***– Prepare monthly WIP schedules and project financial reports– Support monthly, quarterly, and year-end close processes– Assist in preparation of financial statements and management reporting***Budgeting & Forecasting***– Assist in developing and maintaining project budgets and forecasts– Monitor project profitability and escalate risks or cost overruns early***Compliance & Controls***– Ensure adherence to contract terms, internal controls, and accounting policies– Maintain complete and audit-ready documentation for all projects– Support internal and external audits***Collaboration***– Work closely with project managers and leadership to provide clear, actionablefinancial insights– Communicate project status, risks, and issues in a timely manner– Other Duties as Needed**EDUCATION, EXPERIENCE, & SKILLS*****Education & Experience***– Bachelor’s degree in Accounting, Finance, or related field– Minimum of 5+ years of construction accounting experience preferred***Technical Skills***– Strong expertise in job costing and percentage-of-completion accounting– Experience with construction and real estate accounting systems, including Yardiand/or MRI, is a plus– Advanced Excel proficiency***Other Skills***– High attention to detail and strong organizational skills– Ability to manage multiple projects simultaneously– Clear, professional communication skills– Proactive problem-solving mindset**Preferred Qualifications**– CPA or progress toward certification– Experience with AIA billing, WIP reporting, and lender draw processes– Familiarity with lien laws and subcontractor compliance
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Vacancy posted 3 days ago
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