Job Overview:

Are you meticulous with numbers and have a passion for the construction industry? As a Construction Accountant, you will manage financial transactions, prepare financial reports, and ensure compliance with accounting standards specific to the construction industry. Your role is vital in maintaining accurate financial records and supporting the financial health of construction projects.

Key Responsibilities:

• Transaction Recording: Record and process all financial transactions related to construction projects.
• Account Reconciliation: Reconcile bank statements, project budgets, and financial records.
• Expense Tracking: Monitor and manage expenses to ensure they align with project budgets.
• Cost Allocation: Allocate costs to specific construction projects accurately.
• Budget Monitoring: Track project budgets and identify any variances.
• Reporting: Prepare detailed job cost reports for project managers and senior management.
• Client Invoicing: Prepare and send invoices to clients based on project milestones and contract terms.
• Subcontractor Payments: Process payments to subcontractors and suppliers.
• Retention Tracking: Manage retention amounts and ensure they are accounted for correctly.
• Monthly Reports: Generate monthly financial reports, including income statements, balance sheets, and cash flow statements.
• Variance Analysis: Conduct variance analysis to explain differences between budgeted and actual figures.
• Project Financials: Provide financial summaries and insights on individual projects.
• Regulatory Compliance: Ensure compliance with relevant accounting standards and construction industry regulations.
• Internal Controls: Implement and maintain internal controls to safeguard financial assets.
• Audit Preparation: Prepare documentation and support audits of financial records.
• Efficiency Initiatives: Identify opportunities to streamline accounting processes.
• Software Utilization: Leverage accounting software to enhance accuracy and efficiency.
• Best Practices: Stay updated on industry best practices and integrate them into financial processes.

Qualifications:

• Education: Bachelor’s degree in Accounting, Finance, or a related field. CPA certification is a plus.
• Experience: Minimum of 3-5 years of accounting experience, preferably in the construction industry.
• Skills:
  • Proficiency in accounting software (e.g., QuickBooks, Sage 300 Construction and Real Estate).
  • Strong understanding of job costing and construction accounting principles.
  • Excellent attention to detail and organizational skills.
  • Strong analytical and problem-solving abilities.
  • Effective communication and interpersonal skills.
  • Ability to manage multiple projects and deadlines.

Benefits:

• Competitive Salary: Offering a market-competitive salary package.
• Health Insurance: Comprehensive health, dental, and vision insurance.
• Retirement Plans: Access to retirement plan options.
• Paid Time Off: Generous paid time off and holiday policies.
• Professional Development: Opportunities for training and career advancement.

Ready to build a solid foundation in construction finance? Join our team as a Construction Accountant and ensure the financial success of our projects. Apply today!

This job description provides an overview of the responsibilities and qualifications for the Construction Accountant role. It may be tailored to fit specific company needs and requirements.