Project Accountant

Socket.dev; Amarillo (TX); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Competitive pay with bonus

Medical, prescription, dental & vision

401(k) with discretionary match

Generous paid time off

Job summary

Hermanson Company, a leading mechanical construction firm, seeks a Project Accountant to partner with the Finance Team and Project Managers. You will support audits, A/R, cash forecasting, job costing, substantiation, billing, and profitability analysis, ensuring timely, accurate financial closeouts.

Strong GAAP knowledge and experience with construction contracts are essential. Responsibilities include coordinating billing, reconciling GMP contracts, guiding cost reporting, and assisting with

Qualifications

• 3–5 years of project accounting or finance experience.
• Familiarity with GAAP and ability to read financial statements.
• Understanding of construction industry terms.

Responsibilities

• Coordinate preparation and review of billing information for completeness and adequacy, including GMP substantiation.
• Perform monthly reconciliation and forecasting for GMP contracts.
• Maintain up-to-date contract and billed/substantiated amounts by project.
• Support project audits with documentation and liaison with clients.
• Assist with collection of outstanding accounts receivable.
• Oversee cost reporting and highlight budget overruns to the project team.
• Maintain project cost budgets and change orders in accounting systems.

Skills

GAAP knowledge

Excel

MS Office

Team collaboration

Financial analysis

Education

Bachelor's degree in accounting

Tools

D365

Job description

Hermanson Company is a standout Mechanical company that has been doing business in the Puget Sound area since 1979. Over the last four decades we have grown from a family owned sheet metal contractor to a partner led full service mechanical construction, design and maintenance provider playing a significant role in the U.S. national construction industry.

By design, Hermanson is a special place to work. Our belief is that people do business with people they like. In keeping with that belief, we strive to hire and retain highly motivated people who are professional, ethically unwavering, and unrelenting in delivering quality results. We are focused on providing a workplace where high performance individuals come together to build dedicated teams driven to accomplish great things for our customers.

People love working at Hermanson, because we all share the same Core Values:

• Clients First – Caring, win-win, value, quality and service attitude
• Family Matters - Safety, wellness, stability, enjoyment and balance
• Character Matters – Integrity, accountability, passionate, and caring
• Team - Trust, honesty, respect, reliable and inclusive
• Appreciate – Each other, our successes, and enjoy the journey
• Learn, Grow, Innovate – Challenge the status quo and always compete

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.

• 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.

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).

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.

Hermanson offers a comprehensive benefits package designed to support your health, financial future, and professional growth.

• 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)

This role is not eligible for employment visa sponsorship.

Hermanson Co., LLC is proud to be an Equal Opportunity Employer. Hermanson does not discriminate on the basis of race, religion, color, sex, gender identity, sexual orientation, age, non-disqualifying physical or mental disability, national origin, veteran status or any other basis covered by appropriate law. All employment is decided on the basis of qualifications, merit, and business need.