Project Accountant

Hermanson Company; Fort Worth (TX); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Medical, prescription, dental & vision coverage

401(k) with discretionary company match

Generous paid time off

Job summary

Hermanson Company in Fort Worth, Texas is looking for a Sr. Project Accountant to support the Finance Team and advise project managers on various financial activities. Responsibilities include billing preparation, accounts receivable management, and financial forecasting for Guaranteed Maximum Price contracts.

The ideal candidate will have 3-5 years of relevant experience in project accounting, a strong understanding of GAAP, and excellent computer skills, particularly in Excel. This position offers competitive pay and comprehensive benefits.

Qualifications

• 3-5 years of experience in project accounting.
• Ability to understand and create GAAP-compliant financial statements.
• Proficient in MS Office and especially Excel.

Responsibilities

• Coordinate billing information preparation and review.
• Perform monthly reconciliation and forecasting for GMP contracts.
• Assist with outstanding Accounts Receivable collection.

Skills

GAAP understanding

Financial statements creation

Construction industry terminology

Excel proficiency

Interpersonal skills

Education

Bachelor's degree in accounting

Tools

D365 accounting software

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.

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

The Sr. Project Accountant works in collaboration with the Finance Team, while guided by Hermanson Purpose & Values, to partner with the project manager to support and advise on all finance related activities, including but not limited to: Audits, Accounts Receivable (A/R), Cash, Forecasting (ECAC 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 ensure 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.
• Manages project compliance with assistance from the Enterprise Compliance Specialist.
• 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 (ECAC) with project team to foster maximum forecasting accuracy.
• Reviews final ECAC 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.

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)

Hermanson Co., LLP 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.