What are the responsibilities and job description for the Construction Accounting Manager position at Open Systems Inc.?
Essential Duties and Responsibilities
- Lead and manage daily accounting operations, including general ledger, accounts payable/receivable, payroll coordination, and banking.
- Supervise and develop accounting staff through training, coaching, and performance evaluations to ensure a high-performance, accountable team.
Oversee all aspects of project accounting, including:
- Initial project setup in accounting software with cost codes, budgets, and contract values.
- Coordination with project managers to track budgets, cost-to-complete, and job profitability.
- Preparation and review of Work-in-Progress (WIP) schedules and job cost reports.
- Management of billing, change orders, retainage tracking, and subcontractor requisitions.
- Reconciliation of project costs and validation of revenue recognition in alignment with project milestones.
- Ensure timely and accurate financial reporting, including monthly closings, quarterly reviews, and year-end statements.
- Support financial audits, tax filings, and external reporting requirements.
- Collaborate on the preparation and monitoring of company and project-level budgets and forecasts; provide variance analysis and financial insights.
- Manage subcontractor and vendor payment processes, ensuring proper lien releases, compliance documentation, and adherence to contract terms.
- Maintain internal controls and ensure compliance with GAAP, company policies, and applicable laws and regulations.
- Monitor and improve accounting systems and workflows to increase accuracy and efficiency.
- Collaborate with project teams, executives, and other departments to ensure financial alignment and promote informed decision-making.
- Ensure compliance with union requirements, certified payroll reporting, prevailing wage obligations, and other construction-related regulations.
- Assist with or lead process improvement, automation, system optimization, implementation of accounting and project management software improvements and integrations.
Required Skills and Abilities
- Excellent verbal and written communication skills
- Ability to multi-task and prioritize to meet tight deadlines
- Ability to read, interpret and apply rules, regulations, policies and procedures within a heavily regulated industry
- Ability to apply strong analytical and problem-solving skills to complex situations and positively affect overall outcomes
- Strong attention to detail to ensure accuracy in financial reporting, WIP schedules, and compliance documentation
Education and Experience
Required
- Bachelor’s Degree in Business Administration, Finance, or Accounting
- 2 years of Financial Management experience
- 3 years of Supervisory or Leadership experience
- 3 years of vertical commercial construction accounting experience
- Highly proficient in MS Office Suite and financial management and accounting software (Sage, Oracle, Zoho, Quicken, etc.)
Preferred
- Master’s Degree in Business Administration, Finance, or Accounting
- 5 years of Financial Management experience
- 3 years of experience in construction industry
- 5 years of Supervisory or Leadership experience
- 5 years of vertical commercial construction accounting experience
Physical Demands
- Prolonged periods of sitting at a desk and working on a computer
- Must be able to lift up to 15 pounds at times
- Must be able to drive and pick up supplies and other items as needed
Salary : $90,000 - $145,000