Project Cost Accountant

Description

CMS Corporation is an award-winning construction contractor with design-build experience and strong self-performance capabilities in mechanical, piping and fabrication work. Our scope of services encompasses new construction, renovations, fueling systems, and energy and sustainability for a wide range of commercial and federal government clients. As a prime contractor, we have the ability to execute a full range of construction disciplines. In addition, our mechanical capability enables us to self-perform the most technically challenging mechanical, fuels and energy work.

We are currently looking for a Project Cost Accountant.

Prepare and oversee all finances of a project. Duties include planning construction projects' budgets, performing cost analyses, and reviewing purchase orders, invoices, and supplier contracts. Their goal is to ensure that all estimated construction costs are tracked and managed.

Create financial models to predict growth and forecast performance by analyzing past financial performance, market trends, and company goals. Analyze previous budgets and forecasts; perform variance analysis to explain discrepancies. Prepare reports for Senior Management.

• Project Maintenance:
• Enter project cost budgets, create and update project basic information (project fees percentages, phases, cost codes, cost classes, etc.)
• Setup/update projects in ERP System, including to assign project employees
• Create/Update EAC Cycles. Open new monthly EAC cycles, add new projects to cycles, enable or disable projects, etc.
• Work with PMs on monthly EACs preparation. Actively communicate closing due dates and requirements.
• Review and approve monthly EAC

• Create Purchase Requests PR following PM instructions and in coordination with Procurement.
• Track PO and Subcontracts open balances, request invoices and send those to accounts payables. Request procurement to close PO/Subcontract after 100% completion, and/or de-scope not executed items
• Monthly update project cost accrual for incurred cost not invoiced before accounting close.
• Review cost budget deviations, address negative CTC balances, and develop cost analysis report to timely detect and prevent margin erosion.
• Support Projects Managers to calculate and update cost forecast
• Ensure billings to clients issue on time. Track CPSMR submittals; work with Project Management and Project Coordination teams provide support as necessary.
• Track client payment status, support PM and accounting team as necessary.
• Prepare Under/Over billing analysis and reports to management.
• Prepare Invoicing status report to Management.
• Support Project Management and Project Coordination teams providing the necessary information and/or guidance about accounting and project management’s system issues.
• Support Year End closing needs and audit documents when requested. Compile information for internal and external auditors, as required.
• Support Project Management team by providing the financial information required. TIA, RFI, Claims, and others.
• Perform other duties as assigned

• Enter the monthly accrual entry in the ERP system.
• Prepare the monthly WIP Report and check balance reasonableness by project.
• Reconcile WIP differences between Pro Fi vs CMiC, ensure difference are fixed before closing.

• Support the annual Budget by department calculation and consolidating the master budget.
• Upload Budget in ERP System
• Develop rolling monthly forecast to adjust budget to most current conditions and assumptions.

• Prepare variance analysis reports by department and general (Actuals vs Budget, vs Prior Year, etc.).
• Enforce recovery plans for deviations
• Communica…