Assistant Controller (Construction Industry Experience)

Latitude Inc; Derwood (MD); On-site; USD 70,000 - 90,000; Full time

Job summary

A construction-focused organization is seeking an Assistant Controller to support daily accounting operations, ensuring accurate financial reporting and compliance with GAAP. The ideal candidate will manage job costing, oversee financial operations, and collaborate with project managers. Strong technical expertise in accounting, along with leadership skills and experience in a project-based environment, is essential for success in this role. The position offers a salary range of $70,000 - $90,000 a year.

Qualifications

• Hands-on accounting professional with strong technical expertise.
• Experience in managing accounting operations in a construction environment.
• Understanding of GAAP and internal controls.

Responsibilities

• Support monthly, quarterly, and annual close processes.
• Prepare and review financial statements and management reports.
• Manage job cost accounting and revenue recognition.

Skills

Strong technical expertise in accounting

Experience in project-based or construction environment

Financial reporting and compliance

Job costing and WIP schedules

Leadership and process improvement

Education

Bachelor's degree in Accounting or Finance

Tools

ERP/accounting systems

Job description

Position Summary

The Assistant Controller supports the Controller in managing the daily accounting operations of a construction-focused organization. This role ensures accurate financial reporting, maintains strong internal controls, and oversees accounting processes specific to the construction industry, including job costing, WIP schedules, and revenue recognition. The ideal candidate is a hands‑on accounting professional with strong technical expertise and experience working in a project‑based or construction environment.

Responsibilities

• Financial Operations & Reporting
• Assist in overseeing the monthly, quarterly, and annual close processes.
• Prepare and review financial statements, supporting schedules, and management reports.
• Ensure compliance with GAAP and company accounting policies.
• Support budgeting, forecasting, and variance analysis.
• Assist with cash flow forecasting and management.
• Construction Accounting & Job Costing
• Manage and review job cost accounting, ensuring accurate allocation of labor, materials, equipment, and subcontractor expenses.
• Maintain and prepare Work-in-Progress (WIP) schedules and revenue recognition using percentage‑of‑completion methods.
• Monitor project profitability and provide insights to leadership.
• Collaborate with project managers to ensure accurate project financial tracking.
• Accounts Payable, Receivable & Payroll Oversight
• Oversee AP/AR processes, subcontractor billing, and collections.
• Ensure proper lien waiver tracking and subcontractor compliance.
• Assist with payroll accounting and job cost allocations.
• Compliance & Internal Controls
• Support annual audits, tax preparation, and regulatory reporting.
• Maintain and improve internal controls and accounting procedures.
• Ensure compliance with contract requirements and financial reporting standards.
• Leadership & Process Improvement
• Supervise and mentor accounting staff.
• Identify and implement process improvements and system efficiencies.
• Assist with ERP/accounting system optimization and reporting enhancements.

$70,000 - $90,000 a year