Assistant Controller

Soffa Electric Inc • Commerce, CA

18h • $95,000 - $105,000

About The Position

The Assistant Controller supports the Controller in managing the day-to-day accounting operations of the company and maintaining accurate and timely financial records. This position will play a key role in monthly close, general ledger accounting, reconciliations, job costing, WIP support, accounts payable and receivable oversight, and financial reporting. The ideal candidate is comfortable working in a construction accounting environment and can identify accounting issues and work through them independently.

Requirements

• 5+ years of progressive accounting experience preferred.
• Bachelor's degree in Accounting, Finance, or related field preferred or relevant experience in construction accounting.
• Construction accounting experience.
• Strong understanding of general ledger accounting, accrual accounting, reconciliations, and month-end close.
• Strong Excel skills.
• Ability to research discrepancies and work through accounting problems independently.
• Strong organizational skills and attention to detail.
• Ability to communicate effectively with accounting staff, project managers, operations, and senior management.

Nice To Haves

• Experience with job costing and percentage-of-completion/WIP accounting preferred.
• Experience with Sage Intacct or similar ERP/accounting systems preferred.

Responsibilities

• Assist with and manage key portions of the monthly and year-end close process.
• Prepare and post journal entries, accruals, reclasses, and adjusting entries.
• Reconcile balance sheet and general ledger accounts monthly.
• Research and resolve unusual balances, incorrect postings, and account discrepancies.
• Maintain supporting schedules and documentation for balance sheet accounts.
• Ensure transactions are recorded in the proper accounting period.
• Review job cost activity for accuracy and proper job and cost-code allocation.
• Assist the Controller with preparation and maintenance of monthly WIP schedules.
• Reconcile job costs, billings, retention, contract values, and WIP balances to the general ledger.
• Identify costs posted to overhead or incorrect jobs and coordinate corrections.
• Review overbillings, underbilling and assist with related month-end entries.
• Work with project managers and operations to resolve missing or inaccurate job-cost information.
• Support timely preparation and processing of customer billings.
• Monitor billing deadlines and follow up on outstanding billing information.
• Review billing, retention, and contract balances for accuracy.
• Assist with AR aging review and identification of collection or billing issues.
• Help ensure costs incurred are appropriately reflected in customer billings.
• Provide oversight and support to the AP function.
• Review coding and job allocation for vendor invoices.
• Ensure AP is entered timely, so job-cost and financial reporting remains current.
• Research vendor and AP discrepancies and assist with resolution.
• Help maintain accurate cutoff at month-end.
• Review payroll-related accounting entries and reconciliations.
• Ensure labor and payroll burden are appropriately recorded and allocated.
• Assist with payroll liability reconciliations.
• Review job-cost allocations related to labor and engineering when applicable.
• Review and/or prepare monthly bank reconciliations.
• Reconcile intercompany, prepaid, deposit, accrued liability, payroll liability, and other balance sheet accounts.
• Investigate older or unusual reconciling items and recommend corrections.
• Maintain clean supporting schedules for reconciled accounts.
• Assist the Controller with preparation of monthly financial statements and management reporting.
• Prepare supporting schedules and account analysis.
• Review P&L and balance sheet activity for unusual trends or discrepancies.
• Assist with custom accounting and job-cost reporting for management.
• Help ensure financial reporting is consistent with GAAP and company accounting policies.
• Assist with preparation of schedules and supporting documentation for external auditors and CPAs.
• Maintain organized accounting documentation and audit support.
• Help establish and maintain accounting procedures and internal controls.
• Identify process weaknesses and recommend improvements.
• Assist in documenting accounting processes and procedures.
• Support accounting operations within Sage Intacct and related construction systems.
• Review account, item, vendor, and job mappings for accuracy.
• Help improve workflows between Accounting, Project Management, Operations, and Billing.
• Identify repetitive accounting problems and develop processes to prevent them.
• Assist with implementation of standardized monthly accounting procedures.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level