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 a related field (or equivalent work experience).
• Minimum of two(2) 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.