Sr Construction Accountant

Location: City of White Plains

Overview:

The Senior Construction Accountant is responsible for executing all financial operations related to the company’s construction projects. This role includes performing and managing the construction accounting from project initiation to close out for all projects, ensuring accurate and timely financial reporting, maintaining compliance with industry regulations, and implementing all processes as specified by the CFO and Corporate Controller. Further, the Senior Construction Accountant will be responsible for the timely processing of all draws and reconciling of included invoices.

This person will directly support the construction team and be responsive to their needs and requirements.

Responsibilities:

Financial Management and accounting in accordance with accepted construction accounting practices

Oversee all financial aspects of construction projects, including budgeting, forecasting, job costing, and participate in financial reporting

Ensure accurate and timely preparation of financial statements in compliance with GAAP and company policies

Monitor project costs, profitability, and financial performance, providing insights and recommendations to senior management

Manage cash flow, including billing, collections, and payment schedules to optimize working capital

Take overall responsibility to produce draw packages in a timely and accurate fashion for delivery to the Accountant of Development Ensure compliance with payments against approved contracts

Coordinate with project managers, estimators, and other departments to ensure seamless financial operations

Internal Controls & Compliance:

Maintain and make recommendations for improvements to internal controls to safeguard company assets and ensure compliance with financial regulations and company policies

Oversee audits, including preparing for and responding to external audit requests

Project Accounting:

Manage job costing, ensuring all project costs are accurately tracked and reported

Review and approve project budgets, change orders, and financial forecasts

Ensure compliance with financial elements of contracts, lien waivers, and other requirements related to construction accounting

Work with Corporate Controller to provide financial analysis and insights to support decision-making on project bids, capital investments, and other strategic initiatives

Qualifications:

Bachelor’s degree in Accounting, Finance, or a related field

Minimum of 3-5 years of progressive accounting experience, with at least 2 years in construction accounting

Strong understanding of construction accounting principles, including job costing, percentage of completion accounting, and revenue recognition

Proficiency in accounting software, particularly Yardi Job Cost preferred

Competencies:

Exceptional analytical skills with the ability to interpret complex financial data and provide actionable insights

Strong communication and interpersonal skills, with the ability to collaborate effectively across departments

High level of integrity, with a commitment to ethical financial practices
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