Project Accountant (Construction Industry) at Kloverharris Limited

Job description

• We are looking for a highly skilled Project Accountant to manage the financial aspects of our construction projects. The successful candidate will be responsible for overseeing project budgets, forecasting, tracking costs, and ensuring accurate financial reporting. This role requires strong analytical abilities, a solid understanding of accounting principles, and experience in the construction industry.

Key Responsibilities:

Project Budgeting & Forecasting:

• Prepare and maintain project budgets and forecasts, ensuring alignment with contract terms, change orders, and project timelines.
• Monitor and track project expenses, identifying any discrepancies and working with project managers to resolve issues.
• Analyze cost reports, project profitability, and cash flow to ensure project financials are on track.

Billing & Invoicing:

• Prepare and submit progress billings, change orders, and final invoicing in accordance with project timelines and contract requirements.
• Coordinate with project managers and clients to ensure timely payment and resolve any billing-related issues.

Cost Tracking & Reporting:

• Maintain accurate records of all project costs, including labor, materials, subcontractors, and overheads.
• Provide detailed monthly financial reports, including cost analysis and variance reports, to senior management.
• Ensure all financial transactions are recorded and reconciled in compliance with accounting standards and company policies.

Job Costing & Financial Analysis:

• Perform detailed job costing, analyze project variances, and assist in identifying cost-saving opportunities.
• Collaborate with the project team to identify and resolve any financial discrepancies or issues.

Compliance & Audit:

• Ensure that all financial documentation, including contracts, invoices, and change orders, complies with industry regulations and company policies.
• Assist with internal and external audits as required.

Collaboration & Communication:

• Work closely with project managers, estimators, and senior management to provide financial insights and support decision-making.
• Participate in project meetings to provide financial updates and assist in managing the financial health of the project.

Qualifications:

• Bachelor’s degree in Accounting, Finance, or related field (or equivalent work experience).
• Minimum of one(1) year of experience in accounting or project accounting, preferably within the construction industry.
• Strong understanding of construction accounting principles, including job costing, change orders, and progress billing.
• Proficiency in accounting software (e.g., Sage 300, Procore, Viewpoint, QuickBooks, or similar).
• Advanced Excel skills (e.g., pivot tables, VLOOKUP, data analysis).
• Knowledge of industry standards, regulations, and financial reporting requirements.
• Excellent organizational skills with the ability to manage multiple projects and deadlines.
• Strong attention to detail and analytical skills.
• Ability to work independently and as part of a team, with excellent communication skills.

Preferred Qualifications:

• CPA or CMA designation preferred, but not required.
• Experience with construction management software or ERP systems.
• Previous experience in a project accounting role for a large-scale construction firm, particularly with ready-mix concrete projects.