What are the responsibilities and job description for the Construction Accountant position at ClearPath Utility Solutions, LLC?
ClearPath Utility Solutions, LLC. provides superior horizontal directional drilling (HDD) services via our dedicated and valued team members. ClearPath offers a chance at a career that will challenge, empower and reward. We are proud of our people and equip them with the best tools, technology, training and opportunities to succeed and grow. We believe in promoting from within and elevating our teams and customers to new heights.
Position Title Construction Accountant
Reports To Executive
Location Hebron, Ohio
Position Type Full Time
Pay Rate Salary Exempt within a range of $75,000 - $85,000
We are seeking an experienced and detail-oriented Construction Accountant to oversee all financial operations. The ideal candidate will have a strong background in the construction industry and will play a crucial role in our company’s financial management and growth strategies.
Essential Functions & Duties
Required Skills
- Manage all aspects of ClearPath’s accounting and financial operations.
- Prepare and analyze financial statements, budgets, and forecasts.
- Conduct weekly accounting meetings.
- Oversee accounts payable, accounts receivable, and the payroll process.
- Implement and maintain internal financial controls and procedures.
- Assist with creating and maintaining account process and procedures.
- Provide insight into financial systems, using your past skills and experience
- Ensure compliance with local, state and federal tax regulations.
- Provide financial insights and recommendations to support decision-making.
- Manage cash flow and banking relationships.
- Coordinate with external auditors and tax preparers as needed.
- Oversee project accounting and job costing.
- Prepare and analyze financial reports specific to the construction industry.
Base Accounting Skills
- Construction accounting and job costing.
- Financial reporting and analysis.
- Budgeting and forecasting.
- Internal controls and risk management.
- Tax compliance and planning.
- Cash flow management.
- Project accounting.
- Leadership and team management.
Quarterly Standards & Measurables (KPI’s)
- Financial Reporting and Efficiency
- Reduce month end close time by 5% every quarter until they reach an optimal timeframe.
- Improve accuracy of financial forecasts by 2% each quarter, measured by variance analysis.
- Implement one (1) new automation of efficiency tool in the accounting process every quarter.
- Cost Management and Profitability
- Identify and implement cost-saving measures that reduce operations expenses by 1-2% each quarter.
- Improve the gross margin on projects by .5% every quarter through better job costing and pricing strategies.
- Reduced sales are outstanding (DSO) by 2 days every quarter until reaching industry benchmarks.
- Process Improvement and Internal Controls
- Review and optimize one (1) key accounting or financial process every quarter.
- Conduct quarterly internal control audits and implement at least two (2) enhancements per audit.
- Reduce the number of manual journal entries by 10% every quarter through process improvements.
- Financial Analysis and Decision Support
- Develop one (1) new financial analysis tool or report each quarter to enhance management decision-making.
- Improve the accuracy of cash flow forecasts by 3% each quarter until reaching optimal forecasting.
- Conduct and present a profitability analysis for each service line every quarter with actional recommendations.
- Compliance and Risk Management
- Complete a comprehensive risk assessment of financial operations every quarter, addressing the top three (3) identified risks.
- Ensure 100% on-time filing of all regulatory and tax documents each quarter.
- Implement or update one (1) financial policy or procedure every quarter to mitigate identified risks.
- Technology and Systems
- Evaluate and recommend one (1) potential technology upgrade or new software solution.
- Improve system utilization rates by 5% each quarter through training and optimization.
- Stakeholder Communication
- Reduce time to respond to financial inquiries by 10% each quarter.
- Implement one (1) new method of financial communication or reporting method.
These quarterly rolling KPI’s provide a comprehensive framework for evaluating the performance of this role’s success across various aspects, focusing on financial management and process improvement through analysis and technological advancements.
Educational or Certification/License Requirements
- Degree in accounting, finance, or related field or equitable experience.
- CPA certification is preferred.
- Minimum of 5-7 years of accounting experience with at least 3 years in a senior role
- 3 years of proven experience in construction related accounting.
- Strong knowledge of GAAP and construction accounting principles.
- Proficiency within multiple accounting software and Microsoft Office suites.
- Excellent analytical and problem-solving skills.
- Strong communication and leadership abilities.
ClearPath Utility Services, LLC is an equal opportunity employer, and does not discriminate on the grounds of age, race, gender, religion, national origin, disability, or lifestyle choice.
Salary : $75,000 - $85,000
