Senior Project Accountant

Integrated Project Services•Blue Bell, PA

46d•Onsite

About The Position

At IPS, we are global leaders in developing innovative solutions for the consulting, architecture, engineering, project controls, procurement, construction management, and CQV of technically complex facilities, primarily in the life sciences industry. We are looking for a talented Senior Project Accountant to join our dedicated team at our office located in Blue Bell, Pennsylvania. In this role, you will be responsible for all project accounting functions, including invoicing, project setup, budget revisions, cost transfers, etc. You will also support other related accounting functions such as Accounts Payable, Accounts Receivable, and Rate Administration. Furthermore, you will work closely with Project Managers, the Director of Projects, and the Manager of Financial Operations to support our growing international financial operations.

Requirements

Bachelor's degree from a four-year college or university with 5+ years of experience in construction project accounting
Ability to effectively prioritize time and meet deadlines.
Highly reliable with strong organizational skills to manage a large amount of documents and information.
A sense of urgency with an ability to multitask and ability to meet multiple deadlines.
Ability to communicate effectively both verbally and in writing.
Proficiency in working with and reading financial spreadsheet software (Microsoft Excel), Accounting software (Timberline Software), and Microsoft software.

Nice To Haves

Graduate degree in Finance or Business Management.
Experience in the construction industry.

Responsibilities

Prepare and submit monthly invoices in an accurate and timely fashion with all required backup documentation.
Performs all accounting functions relating to assigned projects (e.g. accounts payable, accounts receivable, job costs, etc.).
Records subcontractor commitments provided by the Contract Administrator and approved by the Project Manager/Design Manager, comparing amounts to appropriate line items on the schedule of values.
Will work with Project Managers to obtain proper approval before submitting invoices to clients.
Set up new projects, perform budget revisions, and enter cost transfers into the accounting system as required.
Ensure proper billing rates for employees/contractors are assigned for each project.
Calculate and post construction management fees and other direct cost entries.
Issue cost reports to Project Managers every week or as requested.
Reconciles schedule of values on application to subcontractor commitment.
Compiles submitted payment requests from subcontractors and suppliers, compares them to Job Cost reports, and includes applicable amounts for general conditions and fees to produce a payment request to be submitted to the owner.
Reconciles current request for owner payment to previous submissions.
Obtains releases of liens from all suppliers and subcontractors for the previous month's payment before issuing checks for further payment.
Maintains log-on progress payments and release of liens.
Maintains ongoing record of retainage being held on subcontracts/vendors.
Reviews contracts for release of retainage and notifies the Project Manager of any upcoming releases.
Monitors special payment arrangements to ensure that time-sensitive payments are made on time.
Enters owner change orders, changes to estimates, subcontracts, subcontractor change orders, and purchase orders.
Performs Job close-out duties, including reconciling commitments, archiving files, and closing the job in the system.
Provides A/R Collection information to management.