Project Accountant II

Abbott Construction•Woodbridge Township, NJ

3d•$80,000 - $95,000

About The Position

Project Accountant II Structure Tone, part of STO Building Group, is looking for a construction Project Accountant to join their NJ Business Unit. The Project Accountant II (PA II) oversees the financial activity on select construction projects, from project set-up through project close out in collaboration with the project team. Key duties and responsibilities for this role include the following: Project Lifecycle Attend project kick-off meetings when applicable. Provide end-to-end support for all contract types. Participate in project reviews with the project team. Support project teams to develop Cost to Completion Forecasts and Billing Projections. Work with the project teams to develop general conditions forecasts and monitor actual cost monthly. Monitor Change Orders and other potential change items related to project budgets and project costs. Work independently to analyze cost and schedule trends on projects, identifying potential budget overruns. Accounting Audit potential change orders for accuracy and compliance. Monitor sales tax compliance. Ensure proper revenue recognition by monitoring actual cost against cost to complete forecasts. Analyze revenue recognition issues and coordinate with BU Project Accounting Manager on proposing solutions. Determine control points and recommend improvement areas within the process. Invoicing Review client contracts for billing requirements, allowable markups, fee structure, retainage, waivers, tax requirements, shared savings. Manage subcontractor progress billings and documents for compliance and timely submittal. Review and post subcontractor monthly progress billings Manage subcontractor payments. Maintain billing contract format (G702, G703 format) Prepare system generated client requisitions and provide necessary backup. Monitor accounts receivable and support collection efforts.

Requirements

The desired candidate will have effective communication and analytical skills.
3+ years of relevant experience.
Bachelor's degree in accounting or related experience.

Responsibilities

Attend project kick-off meetings when applicable.
Provide end-to-end support for all contract types.
Participate in project reviews with the project team.
Support project teams to develop Cost to Completion Forecasts and Billing Projections.
Work with the project teams to develop general conditions forecasts and monitor actual cost monthly.
Monitor Change Orders and other potential change items related to project budgets and project costs.
Work independently to analyze cost and schedule trends on projects, identifying potential budget overruns.
Audit potential change orders for accuracy and compliance.
Monitor sales tax compliance.
Ensure proper revenue recognition by monitoring actual cost against cost to complete forecasts.
Analyze revenue recognition issues and coordinate with BU Project Accounting Manager on proposing solutions.
Determine control points and recommend improvement areas within the process.
Review client contracts for billing requirements, allowable markups, fee structure, retainage, waivers, tax requirements, shared savings.
Manage subcontractor progress billings and documents for compliance and timely submittal.
Review and post subcontractor monthly progress billings
Manage subcontractor payments.
Maintain billing contract format (G702, G703 format)
Prepare system generated client requisitions and provide necessary backup.
Monitor accounts receivable and support collection efforts.