Project Accountant

About the Role

In collaboration with the Finance Team, while guided by Hermanson Purpose & Values, partners with the project manager to support and advise on all finance related activities, included but not limited to: Audits, Accounts Receivable (A/R), Cash, Forecasting (Stat reports), Job Cost, Substantiation, Billing, and profitability analysis and reporting.

Responsibilities

• Coordinates preparation and review of billing information for completeness and adequacy, coordinating the collection of substantiation for Guaranteed Maximum Price (GMP) contracts.
• Completes monthly reconciliation and forecast for all GMP contracts, communicating opportunities and risks to the project team.
• Keeps up-to-date reconciliation of contract amount, system contract amount, and billed/substantiated amount by project for all GMP Contracts.
• Coordinates preparation and review of response to all project audits.
• Takes initiative to establish accounting contact with client project teams.
• Teams with Project Manager to execute both accurate and timely monthly billings in accounting system.
• Assists in collecting outstanding Accounts Receivable (A/R), including providing additional documentation, as required.
• Executes lien releases in conformance with client and contract guidelines to mitigate potential risks.
• Reviews project timecard process and ensures labor cost code accuracy weekly.
• Provides project cost reporting to the project team weekly, highlighting and communicating budget overruns.
• Assist in reviewing, and/or facilitating subcontractor billing.
• Partners with Project Manager to maintain project cost budgets and change orders, posting budget and contract revisions in the accounting system and opening/closing cost codes as needed.
• Coordinates and actively participates in monthly cost reviews/forecast (Stat) with project team to foster maximum forecasting accuracy.
• Reviews final Stat for outstanding commitments & cost to ensure project is ready for financial closeout in the accounting system.
• Collects project use tax reporting to submit to General Ledger accountant, making necessary journal entries to correctly allocate tax cost to project.
• When needed, teams with project foremen/superintendents to assist with project specific labor-related forecasts.
• Assist with other duties throughout the Project Accounting team as needed.

Accountabilities & KPIs

• Net over/under billings
• Average Days Sales Outstanding
• Consistency in billings
• Consistency in project setup

Serves as the primary liaison for project accounting related questions coordinating the execution of all project accounting related tasks with the Finance Team and Operations.

Qualifications

• Demonstrated experience in the areas mentioned above, having successfully performed jobs with similar duties for 3-5 years.
• An understanding of GAAP and the ability to create and understand Business Unit financial statements.
• Familiarity with contract language and able to strategize on using the contract as a tool to maximize profitability.
• A detailed understanding of construction industry terms.
• Strong customer first attitude.
• Exceptional organization and administrative skills.
• High level of initiative and a desire and ability to grow and learn quickly.
• Strong computer skills, especially with Excel and MS Office.
• Ability to navigate databases, enterprise systems and online content with ease.
• Experience with D365 accounting software is a plus.
• Ability to work independently and with a team.
• Embodies the Hermanson Company Purpose, Core Values and the Five Behaviors of Highly Effective Teams.
• Has a can-do attitude and works well on a team.
• Must possess a high level of interpersonal relationship skills.
• Ability to build confidence and respect from others through partnering skills, furthering the purpose of the Finance team.
• Professional appearance, conduct, and business dress code that communicates professionalism, level of sophistication, intelligence and credibility. Dresses to fit the business audience--this means a dress code one notch of formality above your audience.

Education

Bachelors degree in accounting preferred, or equivalent experience.

Pay

The salary range for this position is $80,000 to $90,000. (The compensation offered may vary depending on job-related knowledge, skills and experience).

Benefits

• Competitive pay with bonus opportunities
• Medical, prescription, dental & vision coverage with zero to low weekly premiums
• 401(k) with discretionary company match
• Generous paid time off (vacation, sick time, and paid holidays)
• Disability income protection
• Life insurance for employees and eligible dependents
• Optional added protection with critical illness and accident plans
• Career growth & development opportunities
• In-house training programs
• Certificate & tuition reimbursement
• Wellness program
• Employee Assistance Program (EAP)