What are the responsibilities and job description for the Cost Accountant position at turnerconstruction?
Position Description:
Provide comprehensive financial administration, perform accounting and cost analysis, and provide fiscal management and cost
guidance for assigned projects in support of regulating fiscal compliance with company policies and procedures.
Essential Duties & Key Responsibilities:
• Provide financial analytical support that drive strategic outcomes for assigned projects (project size may vary and may have
multiple project assignments) and implement financial procedures, including complex contract types and joint ventures.
• Partner with Operations team to review project budgets accurately and properly reflects risk and potential enhancements in
line with owner contract and Turner policies and procedures.
• Communicate and escalate project risks to project senior leadership and supervisors.
• Understand client contractual requirements, monitor billing and accounts receivables as appropriate, and address or escalate
issues.
• Implement and maintain financial internal control safeguards for assigned projects.
• Laise with and provide guidance to project Operations and Turner Shared Services (TSS) teams to maximize accounting
support including establishing structures for Project Financial launch during project setup, manage Accounts Payables (AP)
for vendors’ and subcontractors’ invoice processing (as appropriate) and aligned with proper sales and use tax reporting
requirements, and oversee month-end close processes and/or post or accrue client bills and project costs as appropriate.
• Monitor and understand project cash position, assess project financial risks, and work with project senior leadership and
team to implement strategies to mitigate risks and enhance profitability.
• Oversee project assets and rentals for proper insurance documentation in collaboration with project team.
• Prepare financial analyses, informational reports, and special analysis to validate financial outcomes of assigned projects.
• Accumulate, audit, and correlate information to produce required cost reports, including Budget Analysis Reports (BARs)
and Cost-Audited BARs (CABs).
• Analyze project forecasts and re-forecasted projections to confirm accuracy and compliance with contract terms.
• Support project financial closeout to secure final contract amounts and meet closeout documentation requirements.
• Participate and support with internal and external audit requests.
• Attend and participate in on-site meetings, Operations Review Meetings (ORMs), budget reviews, and forecasting sessions.
• Provide oversight of work and mentor junior accounting staff to develop skills and learn cost processes as applicable.
• Other activities, duties, and responsibilities as assigned
