Cost Accountant II – Operational Finance - Cleveland

Turner Construction•Cleveland, OH

4d•$74,000 - $115,000

About The Position

Provide comprehensive financial administration, perform accounting and cost analysis, and provide fiscal management and cost guidance for assigned projects to support compliance with company policies and procedures. The role supports projects of varying sizes and may manage multiple project assignments, including projects with complex contract types and joint ventures. The employee partners with Operations, project leadership, and Turner Shared Services to support project financial setup and operations, assess financial performance and risks, maintain controls, and support audits and project closeout. The position is based in Cleveland, Ohio. The work is regularly performed in an office or remote setting and may occasionally take place at construction work sites. Travel may be required.

Requirements

Bachelor’s degree from an accredited program in Accounting, Finance, Engineering, Construction Management, or a related field, and at least 3 years of related experience, including at least 1 year as a project accountant; or an equivalent combination of education, training, and experience.
Thorough application of accounting principles (GAAP) and company policies.
Professional written and verbal communication skills, including the ability to tailor communication to different organizational levels.
Ability to educate others to identify risks and reinforce compliance with company financial practices and policies.
Analytical ability to review and assess financial data, interpret trends, and recognize inconsistencies.
Knowledge of cash flow and ability to implement procedures to optimize profitability.
Independent judgment and discretion, including the ability to identify problems and initiate corrective action.
Ability to manage competing activities, requests, and short-cycle deadlines.
Ability to offer and implement suggestions that improve operations.
Strong organizational skills and exceptional attention to detail.
Self-motivation, adaptability, and flexibility to work with minimal direction in a complex and changing environment.
Proficiency with financial system applications such as SAP and Textura, and Microsoft Office applications, including advanced MS Excel skills.
Ability to travel as required.
Ability to meet the physical demands of the role, including regular mobility and travel, frequently performing tasks such as sitting, climbing, balancing, stooping, kneeling, crouching, crawling, handling objects or controls, reaching, talking, and hearing; regularly lifting or moving up to 10 pounds and occasionally up to 25 pounds.
Ability to work in compliance with company safety policies, procedures, and applicable laws.

Responsibilities

Provide financial analytical support for assigned projects and implement financial procedures, including for complex contract types and joint ventures.
Partner with Operations to review project budgets for accuracy and alignment with owner contracts and company policies and procedures, including identification of risks and potential enhancements.
Communicate and escalate project risks to project senior leadership and supervisors.
Understand client contractual requirements, monitor billing and accounts receivable as appropriate, and address or escalate issues.
Implement and maintain internal financial control safeguards for assigned projects.
Guide project Operations and Turner Shared Services teams in maximizing accounting support, including establishing project financial structures during setup, managing vendor and subcontractor invoice processing as appropriate, supporting sales and use tax reporting, and overseeing month-end close and client billing or project cost accruals as appropriate.
Monitor project cash positions, assess financial risks, and work with project leadership and teams on strategies to mitigate risks and enhance profitability.
Oversee project assets and rentals to ensure proper insurance documentation in collaboration with the project team.
Prepare financial analyses, informational reports, and special analyses to validate project financial outcomes.
Accumulate, audit, and correlate information to produce cost reports, including Budget Analysis Reports (BARs) and Cost-Audited BARs (CABs).
Analyze project forecasts and re-forecasted projections for accuracy and compliance with contract terms.
Support project financial closeout, securing final contract amounts and meeting closeout documentation requirements.
Participate in and support internal and external audit requests.
Attend and participate in on-site meetings, Operations Review Meetings, budget reviews, and forecasting sessions.
Oversee work and mentor junior accounting staff to develop skills and learn cost processes, as applicable.
Perform other activities, duties, and responsibilities as assigned.