Sr. Project Accountant

Holt Construction Corp • New York, NY

113d

About The Position

The Senior Project Accountant serves a vital function in the financial reporting system of the company. Key responsibilities of this role are to assist and support the project team by reconciling and maintaining complete and accurate project accounting records. This position is highly depended upon to guide and assist junior project accountants as well as to provide timely and accurate financial information to project stakeholders including clients, subcontractors, vendors, the project team, and management.

Requirements

• Bachelor’s Degree in Accounting or related field or an equivalent combination of education, training and/or experience.
• 7-10 years of experience in Project Accounting.
• Experienced with Accounting software. Viewpoint/Vista, Procore or Textura a plus.
• Proficient in Microsoft Office Suite (Word, Excel, PowerPoint).
• Excellent verbal and written communication skills.
• Excellent organizational and time management skills.
• Strong interpersonal skills to communicate with multiple participants, at all levels, involved with a construction project (i.e., clients, subcontractors, project team).
• Ability to work independently and in a team environment.
• Ability to supervise, direct and mentor junior employees. Supervisory experience a plus.
• Ability to work on several projects simultaneously, meet critical deadlines, and prioritize assignments accordingly.

Responsibilities

• Attend project kick-off meeting. Review client contract for all pertinent financial information and note items, as required.
• Attend monthly accounting staff meetings. Complete all duties in compliance with the month-end schedule.
• Work on site with project management team (conditions permitting).
• Prepare monthly requisition for Project Managers’ review. This includes all costs for the month, subcontractor invoices, insurance, and all applicable taxes.
• Obtain the contract SOV and budget for review with Estimating and Project Management to properly assign phase codes and enter original budget into the accounting system.
• Set up appropriate billing template for client billings, use the industry standard AIA format or client specific format when warranted.
• Review monthly and reconcile as required: Owner change order requests, as prepared by project management. Update, and post as required.
• Subcontracts and subcontractor change orders and submissions. Verify established billing rates for all subs.
• Confirm receipt of all invoices by reviewing statements and inquire with subcontractors for any missing invoices, prior to month’s close.
• Check invoicing forms and subcontractor progress for payment of all invoices. Follow up with client regarding project billings and payment status. Document delinquent receivable statuses weekly.
• Make sure all insurance, sales and use tax rates are current and accurately reflected on all invoices for client, subcontractors, and vendors.
• Compare cost and billings to date to ensure job is billed timely and properly. Identify and report any other variances to project management and accounting teams.
• Work closely with Project Management to assist with the following: Update and balance all cost reports for financial projection and status reports monthly.
• Review budget adjustments before posting.
• Track budget and allowance expenditures.
• Close-out procedures. Ensure that all costs have been received, processed, and included in the final billing.
• Alert Project Management and Accounting Teams as follows: Any instances that impede project billings, any unaddressed, unresolved change orders both subcontractor and client related, any instances that prevent close out documentation from being obtained, any issues that may hinder the close-out process.
• Follow up with client regarding project billings and payment status. Document delinquent receivable statuses weekly.
• Respond to project vendors requesting payment status.
• Mentor, train and manage the day-to-day activities of Junior Project Accountants.
• Interface with Owner/Owner’s Representative and be able to answer questions about submitted Payment Applications.
• Set up the Project Specific Accounting Calendar and assist the team in maintaining deadlines.
• Stay current on industry standards for project accounting.
• Other duties as assigned.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree
• Number of Employees: 251-500 employees