Project Financial Lead

Turner Construction Company; Rosemont (PA); On-site; USD 120,000 - 180,000; Full time

Job summary

Turner Construction Company is seeking an experienced project finance leader to manage the financial execution of large-scale construction projects in Philadelphia, PA. You will serve as the primary financial contact for the project team, overseeing billing, cash flow, forecasting, and internal controls.

Responsibilities include month-end close, cost-to-complete reviews, and revenue recognition, with collaboration across project leaders to align with contract terms and company policies.

Qualifications

• Bachelor's Degree in Accounting, Finance, Engineering, or related field required with minimum 8 years of related experience
• In-depth knowledge of project accounting, billing, receivables, collections and cost control
• Ability to read, understand, and interpret contract language
• Thorough knowledge of GAAP and company policies
• Knowledge of audit procedures and risk assessment
• Analytical and problem-solving skills with ability to summarize issues and propose corrective actions
• Strong organizational skills and attention to detail
• Professional written and verbal communication, able to convey complex information to non-financial audiences

Responsibilities

• Provide project financial oversight and ensure compliance from preconstruction through closeout
• Manage billing, receivables, and collections to improve net working capital and align with controls
• Confirm client contractual requirements for billing and review owner contract analysis
• Collaborate on budgets, forecasts, profit plans, and cash flow models
• Review budgets for accuracy and reflect risks and contract terms
• Lead audits and cost audit processes (BARs, CABs) as required
• Lead month-end close, WIP analysis, and revenue recognition
• Assess and summarize project financial performance and communicate risks to leadership
• Support ORM, PIMs, and other financial health checks
• Improve forecasting processes and cost coding; mentor junior staff
• Provide training on financial systems and processes
• Perform other duties as assigned

Skills

Project accounting

Billing & receivables

Forecasting

Cash flow management

GAAP knowledge

Contract interpretation

Analytical problem solving

Organizational skills

Communication

Team leadership

Education

Bachelor's Degree in Accounting/Finance/Engineering

Job description

Job Details

• Division: Philadelphia Main
• Project Location(s): Philadelphia, PA 19101 USA
• Minimum Years Experience:
• Travel Involved:
• Job Type: Regular
• Job Classification: Experienced
• Education:
• Job Family: Finance
• Compensation: Salaried Exempt

Position Description

Manage financial execution of a large-scale and/or complex construction project and perform day-to-day tactical project accounting, cash flow management, forecasting, cost analysis, compliance, and internal controls. Primary financial contact for project team to confirm alignment between field operations, client, and financial procedures.

Essential Duties & Key Responsibilities

• Provide project financial oversight and compliance from preconstruction through closeout for a large and/or complex construction project and provide financial guidance and communication to project stakeholders.
• Manage and conduct billing, receivables, and collections for project for efficient financial operations and to affect improvements in net working capital (NWC) and aligned with financial controls and company reporting standards.
• Confirm client contractual requirements and entitlements for billing, including reviewing owner contract analysis to determine billing deadlines, payments terms, billable and non-reimbursable expenses, agreements for insurance and fee billings, along with approved billing rates for staff and trade labor.
• Collaborate in development of project budgets, forecasts, profit plans, and cash flow models, in alignment with profit center goals and in conjunction with project leaders and relevant stakeholders.
• Review project budgets for accuracy and proper reflection of risks and impacts of potential enhancements, in line with owner contract and company policies and procedures.
• Lead implementation of owner audits, contribute and support Internal Review audits, and drive cost audit processes including Budget Analysis Reports (BARs), Cost-Audited BARs (CABs), and special studies as required per risk indicators.
• Lead month-end close for project, including work-in-place (WIP) analysis, cost-to-complete, revenue and earnings recognition, and reporting accuracy.
• Assess and summarize project financial performance indicators (e.g., cost, revenue, margin, cash flow) and present findings to project leadership and relevant stakeholders. Identify and communicate financial risks that impact project performance and earnings; align with project team on mitigation strategy and hold team accountable to action plan. Oversee and confirm compliance with Generally Accepted Accounting Principles (GAAP), company policies, and contract-specific financial requirements.
• Contribute financial information, issues, and recommendations in Operational Review Meetings (ORMs), Profitability Improvement Meetings (PIMs), and other financial health checks.
• Review project financial processes, cost coding, and forecasting practices for continuous improvement and to recommend enhancements to tools, templates, and workflows that improve project financial visibility and accuracy.
• Contribute to project forecasting process with operations, including Project WIP, General Conditions vs. General Requirements (GC/GR), and other project-related forecasts.
• May supervise other Financial team members, participate in hiring process, onboard new team members, deliver timely performance feedback for direct reports, contribute to performance appraisals during annual performance cycle, utilize talent management systems, and identify appropriate training to help with development needs.
• Facilitate project-specific training on financial systems, processes, and compliance standards to relevant project team and stakeholders.
• Other activities, duties, and responsibilities as assigned.

Qualifications

• Bachelor's Degree from accredited degree program in Accounting, Finance, Engineering, or related field of study required with minimum of 8 years of related experience in project or construction finance supporting field operations or equivalent combination of education, training, and experience
• In depth knowledge of project accounting, billing, receivables, collections, financial cost control, cashflow management, forecasting, budget audits, and reporting procedures
• Ability to read, understand, and interpret contract language
• Thorough knowledge and application of Generally Accepted Accounting Principles (GAAP) and company policies
• Knowledge of audit procedures, including planning, techniques, test and sampling methods
• Able to make independent judgment for determining relevancy and importance of project risks
• Advanced analytical and problem-solving skills with ability to analyze and summarize issues, recommend corrective actions, and influence decision-making
• High degree of organization and attention to detail
• Strong dedication to integrity with ability to maintain discretion of confidential and sensitive information
• Professional written and verbal communication skills, able to clearly convey complex information to non-financial audiences and deliver difficult messages
• Self-motivated with ability to prioritize multiple complex and demanding tasks and priorities
• Demonstrate emotional self-awareness and responses to influence outcomes and manage relationships

Physical Demands

The physical demands described here are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is frequently required to sit, climb, balance, stoop, kneel, crouch, crawl, use hands to finger, handle or feel objects, tools, or controls, and reach with hands, talk, and hear. The employee frequently views a computer monitor and frequently uses a computer keyboard. Specific vision abilities required by this job include close vision, peripheral vision, depth perception, and the ability to adjust focus. Performance of the required duties require physical ability to climb permanent and temporary stairs, passenger use of construction personnel hoists, ability to climb ladders and negotiate work areas under construction. The employee is regularly required to be mobile, and the employee regularly travels both short and long distances via a variety of conveyances. The employee must regularly lift and/or move up to 10 pounds and occasionally lift and/or move up to 25 pounds.

Work Environment

The work environment characteristics described here are representative of those an employee encounters while performing the essential functions of this job. Reasonable accommodation may be made to enable individuals with disabilities to perform the essential functions. The employee performs work on-site at construction work sites, office locations, and/or off-site venues. While performing the duties of this job, the employee regularly works in an office or remote setting. The noise in the work environment is usually quiet to moderate in an office setting. While performing the duties of this job, the employee regularly works at construction work sites where the employee is exposed to moving mechanical parts, high precarious places, fumes, or airborne particles, outside weather conditions, and risk of electrical shock. The noise in the work environment is usually moderate to loud. The employee is required to work in compliance with company safety policies, procedures, and applicable laws.

Turner is an Equal Opportunity Employer - race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or other characteristics protected by applicable law.