Project Accountant

W. G. Yates & Sons Construction Company; Conway (AR); On-site; USD 60,000 - 80,000; Full time

Job summary

W. G. Yates & Sons Construction Company in Conway, Arkansas is seeking a Project Accountant to join their finance team. This role entails managing job cost projections, coordinating with AP and subcontract departments, and handling contract billings.

The ideal candidate will have a degree in finance or accounting and 2 to 5 years of relevant experience, preferably in construction. Strong knowledge of GAAP and advanced Excel skills are essential to ensure timely and accurate financial reporting.

Qualifications

• 2 to 5 years of professional experience in accounting and financial analysis.
• Experience in the construction industry is preferred.
• Strong organizational skills to handle multiple priorities.

Responsibilities

• Manage job cost projections, billings, and coordinate with departments.
• Prepare monthly invoice packages for all billable projects.
• Review project budgets, including fee structures and staffing.

Skills

General Accepted Accounting Principles (GAAP)

Advanced Microsoft Excel

Data Center Experience

Problem-solving capability

Leadership and team motivation

Education

Bachelor’s degree in finance, business administration, or accounting

Tools

Microsoft Office Professional Suite

Job description

The Project Accountant is a key member of the division finance team. This role is instrumental in managing job cost projections, billings and coordinating with AP and Subcontract departments for monthly billings to Owner.

Primary Duties

• Work closely with Project Managers from beginning to end of project to ensure receivables and payables are handled properly and timely accounted for.
• Understand terms in owner contracts and subcontractor contracts to ensure accuracy and timeliness of progress billings and payments.
• Understand and maintain standard cost codes in accounting system.
• Communicate with various funding agencies (i.e. Banks, Government entities) regarding pay application process and requirements needed for payment.
• Managing the preparation of monthly invoice packages for all billable projects, including all applicable backup.
• Running monthly accounting meetings with the construction/project management team to review upcoming projections/billings.
• Investigating the project variances and submitting these variance reports to Division Controller.
• Overseeing and handling the creation and approval of all project-related billings to customers to foster good communication and avoid issues.
• Reviewing project budgets, including fee structures, staffing, and schedules.
• Ensuring a smooth cash flow by auditing, generating, and sending invoices promptly.
• Weekly Detailed Job Cost Projections to Controller.
• Review all job cost reports on a weekly basis and assist project teams with issues such as change orders, billings, setup, etc.
• Produce and review billings and submit it to Division Controller and or Owners/Clients.
• Reconcile non-lump sum job billings to job cost each month.
• Billings deadlines per contract must be met, including draft versions for review by Project Manager or Division Controller.
• Prepare and distribute monthly Job Cost Report Reports/Schedules.
• Demonstrate Yates Core Values and Principles.

Qualifications

• Bachelor’s degree in finance, business administration, or accounting from an accredited institution.
• Two (2) to five (5) years professional experience in accounting and financial analysis.
• Two (2) plus years of experience in the construction industry preferred.
• Project management experience is beneficial.
• Previous leadership/management of people experience preferred.

Requirements

• Solid working knowledge of General Accepted Accounting Principles (GAAP).
• Data Center Experience Preferred.
• Proven ability to lead and motivate a team of employees in a multi-tasking environment.
• Accounting background and solid understanding of financial accounting systems.
• Advanced skills in Microsoft Excel and working ability in all Microsoft Office Professional Suite software.
• Comprehensive knowledge and understanding of corporate financial policies, procedures, and systems.
• Superior analytical and thinking skills.
• Organizational skills required to deal with multiple “high priority” duties.
• Intellectual rigor and curiosity.
• Problem-solving capability.
• Communication.

Physical Demands/Essential Job Functions

This job description reflects an assignment of essential functions; it does not prescribe or restrict the tasks that may be assigned. Physical requirements for this role may include but not limited to walking, standing, operating tools or equipment, and lifting items (up to 25lbs). Tasks may also be carried out in varying weather conditions and environments as applicable to the position.

Equal Employment Opportunity Statement

Yates Construction provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion, sex, national origin, age, disability, or genetics. In addition to federal and state law requirements.

Yates complies with applicable state and local laws governing non-discrimination in employment in every location in which the company has facilities.