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Project Accountant (Construction)

Project Accountant (Construction)

Thornton Construction CompanyOpa-locka, FL, US
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Job Description

Job Description

Thornton Construction is a construction management firm headquartered in Miami, Florida. With over 25 years of experience, we specialize in bringing top-quality institutional, commercial, and residential projects to life. From new construction to renovations, we deliver personalized, professional, and cost-effective services that exceed our clients’ expectations.

Project Accountants play a key role in tracking and reporting on the construction project’s financial performance . The Project Accountant’s primary responsibility is to support the construction project team regarding contract modifications, compliance, payments, reports and any other duties related to their assigned projects.

Overall Focus

  • Manage all accounting related functions for assigned construction projects.
  • Assist project teams with any questions or needs related to the accounting department.
  • Manage invoices, payments, and compliance for assigned projects.
  • Collaborating with the project manager to develop a detailed, cost-effective forecasts for the project.
  • Process vendor invoices accurately and within assigned timeline.
  • Process subcontractor payments accurately and within assigned timeline.
  • Protect the organization's value by keeping information confidential.
  • Monitor vendor accounts to ensure payments are up to date.
  • Supporting a positive, professional, team-oriented work environment.
  • Respond to inquiries from the Project Team and Executive Management Team.

Accounting Duties

  • Process and code invoices and subcontractor pay applications in a paperless environment, route them to appropriate personnel for approval and upload approved transactions to accounting software.
  • Collaborate with project managers to ensure invoices are received, routed, and approved on a timely basis and that all open transactions are processed within the appropriate accounting period.
  • Follow up on outstanding vendor compliance issues to ensure they are completed timely.
  • Prepare weekly check runs and subcontractor payment packages and maintain daily check log for assigned projects.
  • Ensure that vendors and subcontractors are properly paid when owner payments are received.
  • Send payment packages and communicate with subcontractors to acquire necessary documents for the processing of payments (i.e., insurance requirements, waivers, billing procedures, etc.).
  • Track all notices to owners (NTOs) and ensure proper releases of lien are obtained upon payment.
  • Verify vendor accounts by reconciling monthly statements and related transactions.
  • Correspond with subcontractors and vendors and respond to inquiries.
  • Process subcontractor change orders and monthly budget updates.
  • Work closely with Project Managers and Project Executives on all facets of project accounting.
  • Collaborate with Project Managers to develop detailed, cost-effective forecasts for monthly Cost to Complete meetings.
  • Report any financial risks and budgetary discrepancies to management for review.
  • Assist the Project Manager in preparing and submitting owner’s payment applications.
  • Develop and maintain strong relationships with vendors and subcontractors.

    • Qualifications

  • Bachelor’s degree in Accounting, Finance or a related field.
  • A minimum of 3 years experience in construction accounting.
  • Excellent knowledge of construction cost accounting and related financial procedures .
  • Familiarity with ERP software (Acumatica preferred).
  • Working knowledge of the construction industry.
  • Solid analytical and mathematical skills.
  • Excellent knowledge of construction cost accounting and related financial procedures.
  • Ability to adapt to different personalities and management styles.
  • Proficiency in Microsoft Office and Adobe Acrobat, Intermediate Excel preferred.
  • Good communication and interpersonal skills.
  • Bilingual (English / Spanish) preferred.
  • Knowledge of paperless environment software is a plus (Timberscan).
  • Knowledge of AIA format billing procedures.
  • Ability to travel to jobsites.

    • Necessary Attributes

  • Candidate must possess Thornton’s Core Values : Safety, Community, Empowerment, Quality and Service, Professional, Accountability
  • Must be customer service oriented, both internally and externally.
  • Effectively manage one's time and resources to ensure that work is completed efficiently.
  • Strong organizational skills; must be detail-oriented and accurate.
  • Behavior and conduct exhibit a positive attitude and outlook on work, business relationships, goals / objectives, and expected performance.
  • Ability to work in a fast-paced, high-volume environment, multi-task, and prioritize to meet deadlines by thorough problem-solving.
  • Due to the independent nature of work, must be a self-starter, dependable on attendance and work schedules.
  • Able to exhibit a high level of confidentiality.
  • Ability to prioritize tasks, work effectively under stress, meet short deadlines and take direction.
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    Accountant Construction • Opa-locka, FL, US