Overview
The Construction Accountant plays a vital role in the financial health of a construction company. This position involves tracking and managing costs associated with construction projects ensuring that they stay within budget while adhering to regulations and standards in the industry. The Construction Accountant is responsible for maintaining accurate financial records preparing reports and providing insights that help project managers and executives make informed decisions. By effectively managing budgets and forecasts the Construction Accountant supports the organization in achieving its financial goals enhancing project profitability and ensuring compliance with financial policies and industry regulations. This role requires a blend of technical accounting skills and an understanding of construction processes making it critical for the success of ongoing and future projects.
Key Responsibilities
- Maintain financial records for construction projects.
- Prepare project budgets and forecasts.
- Track expenses and ensure compliance with budgets.
- Generate financial reports for management review.
- Coordinate with project managers to analyze project profitability.
- Review and approve subcontractor invoices.
- Monitor cash flow and assist with funding requests.
- Conduct cost analysis and reporting for construction projects.
- Assist in the implementation of accounting software.
- Ensure compliance with applicable regulations and standards.
- Manage payroll for construction staff and laborers.
- Provide training and support for finance team members.
- Prepare tax documents related to construction operations.
- Reconcile project accounts to ensure accuracy.
- Collaborate with auditors during financial audits.
Required Qualifications
- Bachelor s degree in Accounting Finance or related field.
- Minimum of 3 years of experience in accounting preferably in the construction industry.
- Proficiency in accounting software such as QuickBooks or Sage 300.
- Strong understanding of construction financial management.
- Excellent analytical and problem-solving skills.
- Knowledge of GAAP and construction accounting standards.
- Ability to manage multiple projects and meet deadlines.
- Strong communication and interpersonal skills.
- Detail-oriented with a high degree of accuracy.
- Self-motivated and able to work independently.
- Experience with budgeting and forecasting processes.
- Advanced skills in Excel and financial modeling.
- Ability to analyze and interpret financial data.
- Familiarity with relevant tax laws and regulations.
- Team-oriented approach to support project managers.
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