Project Accountant

PROJECT ACCOUNTANT

Reeder General Contractors, Inc.

Department:                Accounting
Job Family:                  Administrate
Reports to:                   Project Controller | CEO
Job Type:                     Full-time

Job Summary:

The position works closely with the project operations team, including management and field associates, to ensure that all project hard costs are appropriately accounted for and controlled. The position also works closely with the Accounting Team to ensure seamless handover of financial data and processes related to project soft costs.

Qualifications:

• Bachelor of Science degree in Construction Management or related degree
• Proficiency in job cost accounting software (e.g., Procore, Foundation).
• Thorough understanding of construction accounting principles, including AIA billing
• Strategic thinking and ability to manage multiple priorities.
• Detail oriented and strong communications skills.
• Knowledge of budgeting, cost control, and financial reporting.
• Proficiency in resolving complex project challenges and conflicts.
• Excellent communication and presentation skills for stakeholder engagement.

Financial Management

•      Monitor and track project budgets, costs, and financial performance.
•      Assist in the preparation and management of project budgets and forecasts.
•      Ensure accurate job cost reporting by verifying expenses and allocations.

 Billing and Payments

•      Prepare and process client invoices, including progress billings and final billings.
•      Review and process subcontractor and vendor invoices to ensure accuracy and alignment with contract terms.
•      Monitor payment schedules and ensure timely payments to subcontractors and suppliers.

 Contract Compliance

•      Manage and review contracts, change orders, and purchase orders to confirm financial terms.
•      Ensure project costs align with contract terms and approved budgets.
•      Track lien waivers and ensure compliance with contractual obligations.

Financial Reporting

•      Generate project-specific financial reports for internal and external stakeholders.
•      Prepare cash flow projections and monitor cash flow for individual projects.
•      Provide financial summaries to project managers, executives, and clients as needed.

Collaboration

•      Work closely with project managers, superintendents, and other team members to maintain accurate cost data.
•      Liaise with the corporate accounting team to ensure project accounting aligns with company-wide financial systems.

Compliance and Audits

•      Ensure compliance with company policies, legal regulations, and industry standards.
•      Support audits by providing required documentation and explanations related to project finances.

Cost Control

•      Identify cost-saving opportunities and alert project managers to potential overruns.
•      Track contingency and allowances to ensure funds are used appropriately.

Key Skills Required:

•      Strong knowledge of construction accounting principles.
•      Proficiency in job cost accounting software (e.g., Procore, Foundation).
•      Attention to detail and strong organizational skills.
•      Excellent communication and interpersonal abilities to interact with diverse teams.

Reeder General Contractors does not discriminate in employment on the basis of race, color, religion, sex (including pregnancy and gender identity), national origin, political affiliation, sexual orientation, marital status, disability, genetic information, age, membership in an employee organization, retaliation, parental status, military service, or other non-merit factor.