Project Cost Accountant

Flintco Career•Oklahoma City, OK

32d

About The Position

Founded in 1908, Flintco now employs more than 750 people in 10 cities serving clients in healthcare, renewable energy, education, hospitality, sports and industrial. Flintco also self-performs concrete, steel erection and excavation. Nothing matters more to us than the quality and growth of our people. Our teams are smart, humble and disciplined. Flintco is recognized for its commitment to safety and quality, using Lean principles as a guide to continuous improvement. The five guiding principles of our Ethos are: Safety, Integrity, Quality, Accountability and Honesty. We live it every day. Job Summary The Project Cost Accountant provides professional cost management, accurate project forecasting and cost control, working directly on-site with project teams. They support contract administration with accurate client pay applications, subcontractor cost review and general expense processing. Through the application of policy, procedure, detailed work processes and best practices they help achieve desired financial results on construction projects. The Project Cost Accountant will have experience with computerized construction financial accounting systems, and how to analyze and forecast construction costs. Essential Duties and Responsibilities All duties and responsibilities include the following, however, other duties may be assigned. To perform in this position successfully, an individual must be able to perform each essential duty satisfactorily. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Requirements

Ability to represent to all persons the Flintco Ethos that encourages the highest level of performance, integrity and morale.
Practices good communication skills.
Reads, analyzes and interprets documents such as operating and maintenance instructions, and procedure manuals, owner and subcontractor contracts and project manuals.
Writes routine reports and correspondence.
Reads and comprehends simple instructions, short correspondence, and memos.
Effectively presents information to groups of clients, employees of organization or top management.
Adds, subtracts, multiplies, and divides in all units of measure, using whole numbers, common fractions and decimals.
Computes rates, ratios and percentages and draws and interprets bar graphs.
Interprets a variety of instructions furnished in written, oral, diagram or schedule form.
Applies concepts such as fractions, percentages, ratios and proportions to practical situations.
Defines problems, collects data, establishes facts and draws valid conclusions.
Interprets an extensive variety of technical instructions in mathematical or diagram form and deals with several abstract and concrete variables.
Organizes and manages time, duties and activities efficiently.
Bachelor’s degree (B.S.) in Accounting or Finance from a four-year college or university or equivalent combination of education and experience.
2-5 years applicable cost accounting experience preferred or equivalent combination of education and experience.
This experience may have been gained within the construction industry, other long-term contracting environments, or in a senior auditing role.

Responsibilities

Reads and becomes familiar with owner contract and Flintco subcontract as they pertain to billing, notice requirements, dispute resolution and other commercial considerations.
Spreads original estimate and approved change orders onto estimate sheets and into various categories such as pay item, cost code, description, insurance code, man-hours, quantity, unit of measure, labor, material, equipment rental, subcontractors, etc. to allow for data entry into system.
Assigns cost code numbers utilizing the established standard codes and assigning miscellaneous codes as required.
Participates in project start-up meeting with project team, subcontracting, risk management, and financial services.
Owner billings – participates with the Project Manager in developing each owner billing.
Issues change orders to the subcontractors when required by alterations from the owner to the Company or from the Company to the subcontractor.
Processes information from field personnel, updating the labor productivity reports, project labor percentages of completion and quantities.
Issues standard set of cost reports.
Assesses cost performance, completeness and accuracy of reports, change events tracking and forecasting, claims and change order resolution, for both subcontracted and self-perform work.
Works with the Financial Manager and Project Manager to review project financial forecasts and track all commercial / financial risks and opportunities to forecasted performance, including pending change orders, disputed items, back charges, insurance cla
Initiates and completes project closeout of all financial information.
Monitors accounts receivable and payable for the project and assures lien waivers are completed.
Monitors and forecasts project cash flow.