Project Accountant II

Employer
Potomac Abatement, LLC
Location
Jessup, MD
Posted
Aug 05, 2022
Closes
Aug 15, 2022
Ref
618886440
Hours
Full Time
Our environmental remediation and selective demolition company located in Jessup, Maryland, is seeking a Project Accountant to join our team. Our Project Accountant is responsible for providing daily, weekly, monthly, and quarterly reporting to our Controller and managing partners. ESSENTIAL JOB DUTIES AND RESPONSIBILITIESWorking knowledge of construction project accounting principles, practices, and methods and their application.Receive incoming Owner/GC construction contracts and prepare for approval:Coordinate project insurance and bond requirements with surety.Davis-Bacon wage rates and certified payroll set-up in ERP.Job site badging and safety requirements.Establish contract billing procedures and obtain paperwork requirements prior to project start.Track, facilitate and proactively manage monthly accounting of all active construction projects:Maintain weekly man-hour spreadsheets.Receive and review subcontractor pay applications, outstanding vendor commitments and invoices. Present for approval and process for payment in ERP system.Identify and manage contract billings according to contractual payment terms projecting us in the best financial position each month.Draft Owner/GC billings and assist EPMs with finalization. Liaise with external partners-vendors, suppliers, subcontractors-regarding submission of payables, cut-off dates, projections, W-9s, insurance and other documentation requirements.Develop and assist with certified payroll processing internally and externally as required so as not to hold up receipt of project funds.Create and maintain electronic recordkeeping of all construction projects including ERP project set-up and maintenance.Compile, process, and reconcile project close-out documentation.Drive the monthly Percent Complete/Work-In-Process discussion:Firm follow-up with external partners to establish legitimate figures and calculations.Extract, merge, and compile data from ERP and various software programs into multiple spreadsheets.Establish project review meetings with EPMs in preparation for management discussion.Guide cost analysis processes by helping to enforce policies and procedures.Assist in financial and KPI tracking used to provide insight into business trends, opportunities, and risks.Support Controller with weekly cash flow management:Vendor, supplier, and subcontractor check runs upon receipt of project fundings.Proper cash application in ERP.Urgent and persistent collection of all outstanding construction draws using EPMs and established contract personnel.Maintenance and management of all outstanding construction retainage on the A/R aging report as well as balance sheet subledger. Support new ERP implementation, as well as payroll and time-tracking implementation across all subsidiaries.Other duties as assigned.PREFERRED QUALIFICATIONS (EDUCATION AND EXPERIENCE)Familiarity with AIA G702/G703.Procore, Textura, GCPay, eBuilder and other 3rd-party project management systems. Percent complete, and work-in-process accounting management.Efficient time management skills.Focus to meet crucial deadlines.Notary Public Two to 4 years of relevant post education experience with prior project accounting.Advanced Microsoft skills particularly Outlook, Excel - pivot tables, VLOOKUP, advanced formulas.Experience with Acumatica, QuickBooks, iSolved, FieldFlo, and other similar ERPs. Education:Bachelor's (Required) in Accounting or Finance Work Location:Jessup, MD (Required)Benefits:Health insuranceDental insuranceVision insurance401KPaid time off

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