Project Accountant

Yates Construction; Red Oak (TX); On-site; USD 65,000 - 90,000; Full time

Job summary

Yates Construction is seeking a Project Accountant to join the division finance team. You will partner with Project Managers to manage job cost projections, billings, and coordinate with AP and Subcontract departments for monthly owner billings.

Responsibilities include preparing monthly invoice packages, reviewing job costs, analyzing variances, and maintaining GAAP compliance while ensuring timely cash flow.

Qualifications

• Bachelor’s degree in finance, business administration, or accounting.
• 2–5 years of professional accounting/financial analysis experience.
• 2+ years in the construction industry preferred.
• Project management experience is beneficial.
• Leadership/people management experience preferred.

Responsibilities

• Collaborate with Project Managers to manage receivables and payables from start to finish of projects.
• Ensure accurate, timely progress billings and payments per owner/subcontract contracts.
• Prepare and review monthly invoice packages with supporting backup.
• Review project budgets and variances; assist with change orders and billings.
• Support monthly project cost reporting and ensure clean handoffs to the Division Controller.

Skills

GAAP

Advanced Excel

Leadership

Analytical thinking

Communication

Education

Bachelors in Finance

Tools

ERP software

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 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.