Project Accountant

W. G. Yates & Sons Construction Company; Little Rock (AR); On-site; USD 70,000 - 95,000; Full time

Job summary

W. G. Yates & Sons Construction Company is seeking a Project Accountant to join its finance team.

The role focuses on managing project costs, billings, and coordination with AP and subcontract departments for monthly owner billings. You will work with Project Managers to ensure timely receivables/payables, maintain cost codes, and prepare detailed cost projections. This position requires a bachelor’s degree in finance, business administration, or accounting and 2–5 years of accounting

Qualifications

• Bachelor’s degree in finance, business administration, or accounting.
• 2–5 years professional accounting/financial analysis experience.
• 2+ years construction industry experience preferred; project management beneficial.
• Leadership/management experience preferred.
• Solid GAAP knowledge and corporate accounting understanding.
• Advanced Microsoft Excel skills and proficiency with MS Office.
• Strong analytical, organizational and communication abilities.

Responsibilities

• Collaborate with Project Managers to manage receivables/payables and project costs.
• Understand owner/subcontractor contracts to ensure accurate billings/payments.
• Maintain standard cost codes in the accounting system.
• Coordinate with funding agencies for pay applications and requirements.
• Prepare monthly invoice packages with backup for billings.
• Lead monthly accounting meetings with construction/PM teams.
• Investigate variances and submit variance reports to Division Controller.
• Oversee creation/approval of project billings to customers.
• Review budgets, including fees, staffing, and schedules.
• Ensure cash flow by auditing and timely invoicing.
• Provide weekly detailed job cost projections to Controller.
• Review job cost reports and assist with change orders, billings, setup.
• Produce and review billings for owners/clients; reconcile non-lump sum billings.
• Meet billing deadlines; distribute monthly Job Cost Reports.
• Demonstrate Yates Core Values and Principles.

Skills

Leadership experience

Analytical thinking

Communication

Education

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

Tools

Microsoft Excel

Microsoft Office Suite

Job description

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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 appliable to the position.

About Yates Construction

Ranked among the top commercial and industrial construction companies in the country by Engineering News-Record, Yates Construction is family-owned and provides a wide range of construction and building services. Incorporated in 1964 by William G. Yates Jr., we have steadily grown to become one of the top commercial and industrial construction companies in the nation. We are financially sound with a significant bonding capacity as well as vast personnel and equipment resources.

Our portfolio includes commercial and industrial projects from various sectors including arts and culture, civil, commercial, education, entertainment and gaming, federal, healthcare, hospitality, manufacturing, municipal, retail, and technology. We work hard to understand our client’s business needs and continually look for opportunities to provide additional value to our clients and their projects.

Our client relationships are the foundation of our success, and our primary goal is to help each of our clients achieve their vision. We do this by carefully managing the details and complexities of each project and communicating constantly with all team members.

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.