Cost Accountant I – Operational Finance

Turner Construction Company • Indianapolis, IN

3d • Onsite

About The Position

Assist with financial administration and cost accounting activities for assigned projects. Support implementation of company financial policies and procedures to monitor and facilitate compliance and accuracy in project financial reporting. The role works with project teams and the Shared Service Organization to support accurate and timely financial data flow, learn construction operations and project cost drivers, and contribute to project financial reporting from setup through closeout. The employee regularly works in an office setting and may participate in job site visits.

Requirements

• Bachelor’s degree from an accredited program in Finance, Accounting, Construction Management, or a related field, with at least one year of related experience; equivalent combinations of education, training, and experience are also accepted.
• Basic understanding of Generally Accepted Accounting Principles (GAAP) and financial processes.
• Demonstrated interest in cost accounting, construction finance, and/or project-based financial management.
• Ability to maintain confidential information and adhere to company financial policies, practices, and standard operating procedures.
• Strong organization, accuracy, and attention to detail.
• Ability to work collaboratively, ask questions, and flexibly prioritize responsibilities to meet deadlines under supervisor direction.
• Proficient computer skills, including Microsoft Office applications such as Excel, Word, and Outlook.
• Professional verbal and written communication skills.
• Willingness to learn and ability to adapt in a dynamic environment while meeting financial deadlines.
• Willingness to undertake limited travel.

Nice To Haves

• Internship or co-op experience in accounting or finance.
• Basic understanding of Artificial Intelligence tools for financial analysis, data validation, and process automation, and willingness to learn how to apply them to improve process efficiency and accuracy.
• Familiarity with financial systems such as SAP.

Responsibilities

• Perform project accounting tasks and analyze financial data for assigned projects using company financial systems.
• Develop an understanding of construction operations, contract types, and cost drivers through project engagement.
• Assist with preparing, reviewing, and auditing cost reports.
• Learn to identify cost variances, project risks, and compliance considerations through review of project financials.
• Audit and reconcile client bills against the general ledger for accuracy and compliance.
• Support timely accounts payable transactions through the Shared Service Organization and review vendor and subcontractor invoices for accurate cost coding and required documentation.
• Verify subcontractor compliance, including contracts, insurance, and lien waivers, and escalate discrepancies.
• Assist with vendor account audits and research, and reconcile outstanding invoices based on expected monthly expenses.
• Perform assigned month-end close activities, including posting journal entries, reconciling general ledger accounts, validating Work-In-Place, and resolving or escalating discrepancies before close deadlines.
• Maintain accurate records of project assets and rentals for insurance documentation.
• Support preparation of project billings in accordance with contract requirements and company policies, with oversight.
• Monitor accounts receivable status and escalate billing or collection concerns to a supervisor.
• Participate in forecasting General Conditions/General Requirements, staff, and labor projections, including costs for insurance and taxes.
• Participate in job site visits to observe Finance operations and project progress and gather financial data.
• Coordinate with project teams and the Shared Service Organization to support accurate and timely financial data flow.
• Assist with project setup and maintenance in financial systems and maintain current and new budget coding and structure.
• Assist with final cost reconciliation and revenue validation during project closeout.
• Support internal and external audit requests by gathering required documentation as directed.
• Attend and contribute to team meetings to understand financial processes, adopt best practices, and evaluate Artificial Intelligence tool integration.
• Perform other activities, duties, and responsibilities as assigned.

What This Job Offers

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