4 Jobs in Red Bank, NJ
Torcon Inc. is Hiring a Project Accountant Near Red Bank, NJ
Key Responsibilities
- Attend project kick off meeting. Review contracts. Note items concerning financial matters such as billing requirements, change order procedures reimbursable v. non-reimbursable costs, allowable mark-ups, fee structure and retainage requirements.
- Obtain the contract and review with Estimating and Project Management to properly assign phase codes and enter original budget into accounting system. (CMiC)
- Set up Invoices for client billings, use the industry standard AIA format and client specific formats when warranted. (Textura)
- Review order requests as prepared by Project Management. Update and post as requested.
- Review and reconcile subcontracts and subcontractor change orders.
- Review or generate subcontractor change order submission for proper attachments and backup, math errors and check establishing billing rates. Confirm there are established billing rates for all subs.
- Generate progress payment forms for billing. Check for accuracy, job name, math errors, previous billings, and past due balances. Do not process statements for billing but review all statements to ensure that all invoices have been processed.
- Prepare monthly requisition for Project Managers’ review. Include all costs for the month including labor, general conditions, subcontractor invoices, insurance, and all applicable taxes. Make sure that the current labor rates, as per contract documents, are being used. Check that the insurance and tax rates are current.
- Prepare cost billings to ensure job is being billed properly. Identify job cost items not billed and ensure that these items are included in next month’s billing or coded as non-reimbursable. Identify and report any other variances.
- Work with Project Manager to update and balance all cost reports for status reports monthly. Review budget adjustments before posting. Assist the Project Manager in tracking budget and allowance expenditures.
- Review all invoices, subcontracts, and purchase orders to determine if correct sales and use tax is included. If not, calculate the correct tax and prepare monthly summary of sales & use tax that should be charged to the project. Show vendor name, invoice number, invoice date, amount of tax charged, correct tax and difference to be paid.
- Attend monthly accounting staff meetings. Complete all duties in compliance with the month-end schedule.
- Assist Project Manager with closeout procedures. Ensure that all costs have been received, processed, and included in the final billing. Check that all applicable waivers have been received.
- Review all financial reports and provide documentation for final project closeout.
Skills Knowledge And Expertise
Please note that Torcon utilizes CMiC and Textura, and experience with both software programs is required.
Benefits
About Torcon Inc.
We are also one of the leading CM's in Puerto Rico, where Torcon has been actively building for more than 15 years, from our office in Guayabo.
Torcon's experience encompasses a wide range of commercial facilities, from office buildings and corporate headquarters to hotels, retail stores and malls, performing arts theaters, and parking structures. Torcon specializes in technology and utility-rich facilities, such as labs and other bio-pharm centers, as well as projects for healthcare and academic institutions.
Department
Accounting
Employment Type
Full Time
Location
Red Bank Branch
Workplace type
Onsite
Compensation
$100,000 - $175,000 / year
Reporting To
CFO
Job Summary
Full Time
Building Construction
$72k-96k (estimate)
05/22/2024
07/20/2024
torcon.com
RED BANK, NJ
200 - 500
1965
Private
BENEDICT TORCIVIA JR
$200M - $500M
Building Construction
Related Companies
About Torcon Inc.
Torcon provides construction management services for energy, healthcare and education sectors.
The job skills required for Project Accountant include Accounting, Project Management, etc. Having related job skills and expertise will give you an advantage when applying to be a Project Accountant. That makes you unique and can impact how much salary you can get paid. Below are job openings related to skills required by Project Accountant. Select any job title you are interested in and start to search job requirements.
The following is the career advancement route for Project Accountant positions, which can be used as a reference in future career path planning. As a Project Accountant, it can be promoted into senior positions as a Project Accountant III that are expected to handle more key tasks, people in this role will get a higher salary paid than an ordinary Project Accountant. You can explore the career advancement for a Project Accountant below and select your interested title to get hiring information.
If you are interested in becoming a Project Accountant, you need to understand the job requirements and the detailed related responsibilities. Of course, a good educational background and an applicable major will also help in job hunting. Below are some tips on how to become a Project Accountant for your reference.
Step 1: Understand the job description and responsibilities of an Accountant.
Quotes from people on Project Accountant job description and responsibilities
Project accountants provide financial support, guidance, and oversight for specific business projects.
02/07/2022: Jamestown, NY
Project accountants often develop a project accounting plan to ensure the projects they manage are completed on-budget and on-time.
01/24/2022: Tuscaloosa, AL
Project accountants generally streamline financial processes to ensure the timely and efficient completion of projects.
03/14/2022: San Antonio, TX
Accountants are responsible for a wide variety of finance-related tasks that are primarily associated with preparing financial records.
03/17/2022: Appleton, WI
A project accountant manages the expenses, billing, and budget for one or more projects.
01/20/2022: Youngstown, OH
Step 2: Knowing the best tips for becoming an Accountant can help you explore the needs of the position and prepare for the job-related knowledge well ahead of time.
Career tips from people on Project Accountant jobs
Develop project management skills.
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Understanding the project requirements and creating budgets and financial reports.
03/28/2022: Jackson, MS
Possess strong project management/reporting skills.
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Participate on project teams or provide subject matter expertise to project groups as required.
03/28/2022: Columbia, SC
Project accountants can benefit from joining many different types of accounting-based organizations.
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