Finance & Accounting Manager Torrington, CT

Construction Accounting Manager Opportunity

We are seeking a detail-oriented and analytical Accounting / Finance Manager to lead financial oversight and cost control functions within our growing construction client. This role is responsible for managing job cost accounting, percentage-of-completion revenue recognition, budgeting and forecasting, and providing strategic financial insights to project management and executive leadership. The ideal candidate has strong construction or manufacturing industry experience and a deep understanding of job costing, work-in-progress (WIP) reporting, and cost analysis to ensure accurate financial reporting and project profitability.

Financial Management & Reporting

• Oversee monthly, quarterly, and annual financial close processes.
• Prepare and review financial statements in accordance with GAAP.
• Manage construction-specific accounting processes including job costing and revenue recognition.
• Develop and maintain internal controls to safeguard company assets.
• Assist with external audits, tax preparation, and lender reporting requirements.

Job Costing & Project Financial Oversight

• Manage and maintain the integrity of the job cost system.
• Review and analyze project budgets, committed costs, actual costs, and cost-to-complete estimates.
• Monitor project performance and identify cost overruns, margin fade/gain, and risk areas.
• Partner with Project Managers to ensure timely and accurate cost coding and forecasting.
• Evaluate labor burden, equipment allocation, subcontractor costs, and change order tracking.

Percentage-of-Completion (POC) & WIP Reporting

• Prepare and review monthly Work-in-Progress (WIP) schedules.
• Calculate and analyze revenue recognition under percentage-of-completion methodology.
• Assess under billings and over billings.
• Ensure accurate cost-to-complete projections and gross profit recognition.
• Provide detailed variance analysis and margin reporting to leadership.

Budgeting, Forecasting & Analysis

• Lead annual budgeting and periodic forecasting processes.
• Develop project-level and company-wide cash flow projections.
• Conduct profitability analysis by project, division, and cost category.
• Provide actionable financial insights to improve operational efficiency.
• Support strategic planning and capital allocation decisions.

Leadership & Process Improvement

• Supervise and mentor accounting staff.
• Improve accounting workflows, systems, and reporting capabilities.
• Assist with ERP system optimization related to job cost modules.
• Collaborate cross-functionally with operations, estimating, and project management teams.