Project Controller

Wunderlich-Malec Careers•Eden Prairie, MN

2d•$110,000 - $115,000•Hybrid

About The Position

The Project Controller supports construction engineering projects by managing financial performance, providing detailed cost analysis, monitoring budgets, and ensuring accurate reporting throughout the project lifecycle. This position plays a key role in project accounting, subcontractor oversight, change management, revenue recognition, and cash flow optimization for construction/ engineering projects. The Project Controller manages project accountants and partners with accounting to ensure accurate financial reporting.

Requirements

Bachelor’s degree in accounting, Finance, Construction Management, or related field
5+ years of project accounting or financial control experience within the construction/Engineering industry preferred
Strong knowledge of construction and professional engineering services accounting and revenue recognition
Proficient in Excel; ability to analyze large datasets
Understanding of project delivery methods (lump sum, cost plus, and cost plus to a max)
Excellent attention to detail, accuracy, and time management
Strong communication skills for collaborating with accounting staff, project managers, and procurement
Ability to manage multiple large projects and meet strict deadlines

Responsibilities

Project Financial Management
Supervise and provide guidance to project accountants to ensure accurate project accounting
Ensure revenue recognition is in accordance with GAAP (percentage-of-completion, completed contracts, support contracts and Cost Plus)
Review monthly effort-to-complete (ETC) and effort-at-completion (EAC) projections
Analyze percent-complete estimates for revenue recognition
Analyze labor, equipment and subcontractor variances and review with project accountant for accuracy and corrective action
Supervise and provide guidance to project accountants to ensure sales tax compliance
Project Accounting
Perform project accountant duties on a limited basis
Ensure proper project setup in ERP/project management systems, including work breakdown structures (WBS), and contract terms
Review and validate subcontractor invoices, purchase orders, material receipts, sales tax and progress billings within each project structure
Track committed costs and open purchase orders to maintain accurate cost projections
Billing, Revenue and Compliance
Evaluate Contract Assets and Contract Liability to ensure all billable work is invoiced to the extent possible
Review Accounts Receivable to ensure accuracy, aging integrity and effective follow-up on past due accounts
Coordinate with project accountants to collect supporting documentation (lien releases, insurance certificates)
Assist with compliance related to retainage, bonding, and audit requests
Cross functional Support
Working with project managers and project accountants to ensure accurate project tracking and billing
Working with procurement for project POs issued
Working with Financial Controller to ensure accurate financial reporting
Contribute to project closeout processes by reconciling final costs, retainage, and outstanding commitments