Construction Cost Accounting Manager

Responsibilities

• Reports To: Vice President of Finance/Controller
• Department: Finance
• Job Status: Exempt
• Monitor and control costs for fiber network construction and customer installation projects to ensure alignment with financial objectives and budgets.
• Conduct regular financial analysis to identify variances and recommend corrective action.
• Collaborate with project managers, engineers, and other departments to track Construction in Progress (CIP) from planning through execution, capitalizing CIP at the completion of the project.
• Provide financial guidance and support to project teams.
• Prepare and present financial reports to senior management, project managers, and stakeholders.
• Identify financial risks related to projects and develop strategies to mitigate them.
• Evaluate financial implications of changes in project scope or timelines.

Capital / Fixed Asset Accounting

• Track and monitor company-owned assets from initial purchase throughout the asset life cycle including all additions, adjustments, disposals and/or transfers.
• Ensure accuracy of the asset specific information such as in service date, location, quantity, cost, disposal date, etc.
• Track Company's capital spending in relation to its budget, as well as management authorizations.
• Monitor cash flow related to capital fixed asset additions.
• Perform annual physical of fixed assets.
• Develop and implement financial processes and systems to enhance efficiency and accuracy.
• Continuously improve capital fixed asset accounting practices and procedures.
• Train and mentor accounting staff on capital fixed asset accounting best practices.

Compliance and Audit

• Ensure compliance with accounting standards, regulatory requirements, and internal controls.
• Coordinate with auditors during financial audits and provide support for fixed asset related inquiries.
• Stay updated on changes in accounting regulations and industry trends related to capital accounting.

Grant Accounting / Compliance

• Maintain post award grant files including grant awards, budgets, project cost summaries and all necessary supporting documentation.
• Run internal reports throughout the grant lifecycle to ensure data accuracy, adequate progress compared to spend, and performance.
• Provide support in periodic state/federal compliance audits.

Process Improvement

• Identify inefficiencies in the cost accounting and capital accounting processes and recommend improvements or automation solutions.
• Leverage technology tools and systems to optimize capital fixed asset accounting processes and enhance reporting capabilities.