Senior Accounting Manager- PowerFLX

Penn Entertainment•Houston, TX

7h•Onsite

About The Position

The Senior Accounting Manager is a critical finance member within PowerFLX’s accounting team, overseeing all financial aspects of EPC projects. This role is accountable for establishing and maintaining project financial governance, setting up project budgets, managing month-end close activities, performing reconciliations, and preparing accurate financial reports for stakeholders. The position ensures compliance with GAAP, ASC 606 revenue recognition, and company financial policies, while analyzing variances and providing strategic insights and recommendations to project teams and leadership. Core responsibilities include end-to-end project financial management—from planning through execution and closeout—along with supervision of monthly, quarterly, and annual close processes. The Senior Accounting Manager will lead budgeting, forecasting, audit support, and management reporting, while actively developing and maintaining best-in-class accounting practices, ERP processes, and governance standards. This role also mentors team members and drives continuous improvement across project accounting and corporate finance functions.

Requirements

Bachelor's degree in Accounting or Finance.
12–15+ years of progressive accounting experience, ideally encompassing both public and private company settings, along with 5+ years in managerial roles.
7–10+ years of expertise in project accounting within EPC, construction, or industrial services environments.
Deep understanding of Contract Accounting, Revenue Recognition, and ASC 606, including percent-complete (PoC) methodologies.
Advanced knowledge of GAAP, accounting methods, internal controls, and compliance standards.
Hands-on experience with ERP systems and project modules.
Advanced proficiency in Microsoft Office, especially Excel (EAC modeling, cash flow forecasting, variance analysis), Word, and PowerPoint.
Must be fluent in English, with strong speaking, reading, writing, and comprehension skills.
US work authorization is a precondition of employment. The company will not consider candidates who require sponsorship for a work-authorized visa.
Successful candidate will need to satisfactorily complete pre-employment drug screen and background check

Nice To Haves

Master’s degree or CPA preferred.
Proven track record of leading financial operations for large-scale projects (> $100M preferred).
Analytical, with strong orientation to detail and high degree of accuracy, yet can look at the big picture and assess business impacts when making recommendations.
Excellent communication (both oral & written) and presentation skills.
Ability to organize and prioritize responsibilities effectively to meet strict deadlines.
Process improvement experience a plus (i.e., ideally Lean and/or Six Sigma).
Ability to work well both independently and as part of a cross-functional team.
Strong interpersonal skills and the ability to work effectively with a wide range of constituencies in a diverse community – tactful, mature and professional.
Proficiency in Microsoft Great Plains Financials or other ERP systems is a plus.

Responsibilities

Lead and own monthly, quarterly, and annual financial close processes, including journal entries, reconciliations, percent-complete calculations, cost accruals, and revenue recognition under ASC 606.
Prepare and analyze project-level and consolidated P&L and balance sheet reports, highlighting variances and actionable insights for leadership.
Develop and maintain a robust management operating system with real-time KPI dashboards for margin, EAC variance, cash flow, and risk exposure.
Implement continuous improvement initiatives to streamline close processes and enhance reporting accuracy.
Support internal and external audits with complete, accurate, and timely documentation.
Own project financial setup, including contract structures, WBS, budget baselines, cost codes, and funding milestones.
Drive EAC/ETC processes, challenge assumptions, and maintain rolling 12–24 month forecasts for margin, cash, and backlog conversion.
Collaborate with business leaders on annual budgets and forecasts for sales, EBITDA, cash flow, labor, and capital requirements.
Analyze project costs and performance against budget; identify variances and recommend corrective actions to ensure financial targets are met.
Govern invoicing cycles (progress, milestone, T&M), ensuring backup compliance, lien waivers, and owner portal submissions.
Establish and enforce robust change order controls, including pricing, approvals, booking, margin tracking, and schedule-of-values alignment.
Ensure accurate revenue recognition under ASC 606, including performance obligations, variable consideration, and contract modifications.
Implement cost discipline across labor, equipment, subcontractors, and materials; monitor productivity and cost-to-complete.
Ensure compliance with prevailing wage, certified payroll, and state/local labor requirements when applicable.
Partner with Tax and Payroll on multi-state nexus, sales/use tax, per diem, and statutory labor cost elements.
Recommend and implement process improvements to enhance cost control and operational efficiency.
Drive proactive collection strategies and resolve billing disputes to improve cash flow by reducing DSO and retainage aging.
Manage project cash forecasts, billing calendars, and commercial risk registers (liquidated damages, penalties, claims).
Optimize working capital through inventory management, subcontractor pay terms, and progress billing cadence.
Own project accounting configuration and governance within ERP systems including master data, roles, and approvals.
Strengthen internal controls through segregation of duties, workflow approvals, documentation standards, and SOX-lite compliance.
Build scalable reporting solutions for margin, change orders, contingency, and risk exposure.
Mentor and develop future finance leaders within the organization.
Serve as a strategic finance partner to Sales team, Project team, Supply Chain, and Legal.
Train project teams on financial literacy, including cost drivers, Earned Value basics, margin drivers, and change order economics.
Partner with Project team to lead project review sessions, turning financial data into practical decisions that drive performance.