What are the responsibilities and job description for the Project Accountant position at Suffolk?
Overview
About Suffolk
Suffolk is a national enterprise that builds, innovates, and invests. Suffolk is an end-to-end business that provides value throughout the entire project lifecycle by leveraging its core construction management services with vertical service lines that include real estate capital investment, design, self-perform construction services, technology start-up investment (Suffolk Technologies), and innovation research/development.
Suffolk – America’s Contractor – is a national company with more than $5.0 billion in annual revenue, 2,600 employees, and main offices in Boston (headquarters), New York City, Miami, West Palm Beach, Tampa, Estero, Dallas, Los Angeles, San Francisco, and San Diego. Suffolk manages some of the most complex, sophisticated projects in the country, serving clients in every major industry sector, including healthcare, life sciences, education, gaming, transportation/aviation, government, mission critical and commercial. Suffolk is privately held and is led by founder, chairman and CEO John Fish. Suffolk is ranked #8 on ENR’s list of “Top CM-at-Risk Contractors.” For more information, visit www.suffolk.com and follow Suffolk on Facebook, Twitter, LinkedIn, YouTube, and Instagram.
Suffolk is seeking people who are bold. Curious. Innovative. Caring. Looking for the career opportunity of a lifetime. We’ll challenge and inspire you to be your very best. We’ll embrace what makes you unique and lift you up as you take chances. Here, you’ll find a place where you can act with purpose and integrity, bringing intelligence and grit to every aspect of your job. Join us for the chance to leverage your inherent curiosity and proven capabilities to catapult you to the next level.
The Role
The Project Accountant plays a key role in tracking and reporting on the project’s financial performance. The Project Accountant is responsible for all AP and AR functions for their assigned projects. The following are the responsibilities of a typical Project Accountant.
You will support the Mission Critical Center of Excellence which manages billions of dollars in projects annually, specializing in data center and mission-critical construction for leading technology and telecommunications clients across the United States. Focused on fast-paced, MEP-intensive projects, the group is recognized for delivering complex solutions while offering significant opportunities for career advancement within the thriving mission-critical construction industry.
Check out this link to see our passion for building
Responsibilities
Process the monthly Owner requisition
- The requisition process should be well defined and agreed upon with the client
- Prior to submission to the Owner, ensure accuracy and appropriateness of charges
- Coordinate a monthly requisition review meeting with the Owner
- Give the client timely responses in writing to any questions regarding the requisition
- Understand any applicable conditions and timeframes outlined in the contract relevant to billing, retainage and funding.
- Track and follow up on outstanding receivables
Process subcontractor requisitions
- Ensure the subcontractor is complying with terms and conditions of the contract
- Instruct subcontractors on Suffolk and Owner billing requirements
- Manage monthly AP process through Textura including all required compliance document
- Coordinate with Suffolk Ops Team to review monthly requisitions for accuracy
- Verify all required approvals and compliance documents are received prior to releasing payments
- Ensure projects are compliant with the MA Prompt Pay statutes when applicable
General Accounting Functions
- Process vendor invoices
- Process budget updates
- Process cost transfers
- Process accruals
- Select invoices to be included in the weekly disbursement cycle
- Understand the drivers of Over/Underbilled amounts
- Monitor and track the cash position of the project
- Assist the Corporate Risk Manager in the administration of a Contractor Controlled Insurance Program (CCIP)
- Work closely with Project Managers and Project Executives on all facets of project accounting and administration issues
Qualifications
- Bachelor’s degree in Accounting or related field
- Ability to adapt to different personalities and management styles.
- 0-3 years of related experience.
- Outstanding team player with good interpersonal skills.
Necessary Attributes:
- Candidate must possess Suffolk’s Core Values: Passion, Integrity, Hard Work and Professionalism.
- Above average organizational skills.
- Detail oriented and able meet deadlines.
- Leadership qualities.
Working Conditions
While performing the duties of this job, the employee is regularly required to sit for long periods of time; talk or hear; perform fine motor, hand and finger skills in the use of a keyboard, telephone, or writing. The employee is frequently required to stands; walk; and reach with arms and/or hands. Specific vision abilities include close vision, distance vision, depth perception and the ability to adjust focus. The employee will spend their time in an office environment with a quiet to moderate noise level. Job site walking.
EEO Statement
Suffolk provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, pregnancy or maternity, national origin, citizenship, genetic information, disability, protected veteran, gender identity, age or any other status protected by law. This policy applies to recruiting, hiring, transfers, promotions, terminations, compensation, benefits, and all other terms and conditions of employment. Suffolk will not tolerate any unlawful discrimination toward, or harassment of, applicants or employees by anyone at Suffolk, or anyone working on behalf of Suffolk.
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