Cost Accountant

Division: Cleveland Main

Project Location(s): Cleveland, OH 44102 USA

Job Type: Regular

Job Classification: Experienced

Job Family: Finance

If you picture yourself doing great things that make a difference in the lives of others, Turner is the place to be. Turner Construction is an industry leading commercial construction general contractor with a 120-year history spanning iconic projects around the globe, including 10 of the world's 100 tallest buildings. Turner is committed to sustaining a diverse, equitable, and inclusive environment where everyone feels connected, sees themselves represented at all levels of the company, and feels supported to reach their ultimate potential.

Turner builds some of the most ambitious projects in the world. The technical expertise of our people makes us a recognized leader in many markets. Our projects are well known. Our people set us apart. We inspire greatness. Can you picture yourself at Turner? If so, apply and let’s do great things together!

Provide comprehensive financial administration, perform accounting and cost analysis, and provide fiscal management and cost guidance for assigned projects in support of regulating fiscal compliance with company policies and procedures.

• Provide financial analytical support that drive strategic outcomes for assigned projects (project size may vary and may have multiple project assignments) and implement financial procedures, including complex contract types and joint ventures.
• Partner with Operations team to review project budgets accurately and properly reflects risk and potential enhancements in line with owner contract and Turner policies and procedures.
• Communicate and elevate project risks to project senior leadership and supervisors.
• Understand client contractual requirements, monitor billing and accounts receivables as appropriate, and address or elevate issues.
• Implement and maintain financial internal control safeguards for assigned projects.
• Lead with and provide guidance to project Operations and Turner Shared Services (TSS) teams to maximize accounting support including establishing structures for Project Financial launch during project setup, manage Accounts Payables (AP) for vendors’ and subcontractors’ invoice processing (as appropriate) and aligned with proper sales and use tax reporting requirements, and oversee month-end close processes and/or post or accrue client bills and project costs as appropriate.
• Monitor and understand project cash position, assess project financial risks, and work with project senior leadership and team to implement strategies to mitigate risks and enhance profitability.
• Oversee project assets and rentals for proper insurance documentation in collaboration with project team.
• Prepare financial analyses, informational reports, and special analysis to validate financial outcomes of assigned projects.
• Accumulate, audit, and correlate information to produce required cost reports, including Budget Analysis Reports (BARs) and Cost-Audited BARs (CABs).
• Analyze project forecasts and re-forecasted projections to confirm accuracy and compliance with contract terms.
• Support project financial closeout to secure final contract amounts and meet closeout documentation requirements.
• Participate and support with internal and external audit requests.
• Attend and participate in on-site meetings, Operations Review Meetings (ORMs), budget reviews, and forecasting sessions.
• Provide oversight of work and mentor junior accounting staff to develop skills and learn cost processes as applicable.
• Other activities, duties, and responsibilities as assigned.

• Bachelor’s degree from accredited degree program in Accounting, Finance, Engineering, Construction Management, or related field of study, and minimum of 3 years of related experience, with at least 1 year as project account, or equivalent combination of education, training, and experience
• Thorough application of accounting principles (GAAP) and company policies
• Professional written and verbal communication skills with ability to deliver and tailor communication to various organizational levels
• Ability to educate others to identify risks and reinforce compliance with company financial practices and policies
• Analytic ability to review and assess financial data, interpret trends, and recognize inconsistencies
• Knowledgeable of cash flow and able to implement procedures to optimize profitability
• Exercises independent judgment and discretion with ability to identify problems and initiate corrective action
• Ability to manage competing activities, requests, and short-cycle deadlines
• Applies innovation to offer and implement suggestions to improve overall operations
• High degree of organizational skills with exceptional attention to detail
• Self-motivated, adaptable, and flexible to operate with minimal direction in a complex and changing environment
• Proficient with financial system applications (e.g., SAP, Textura) and Microsoft Office suite of…