Cost Accountant

Job Description

Job Description

This position is a project accountant and project controller role who will be the finance partner of the Design, Renovation & Construction (DRC) team working primarily with HOA and reserve-funded projects. The project accountant is responsible for accurately recording transactions, monitoring overall project budgets and project categories as well as the integrity of monthly project cost reporting including the recording of journal entries. The project accountant understands the details of each project and can handle the complexities that arise from large renovation projects and communicate project risks and opportunities to key stakeholders including VPs, Directors, Project Managers, and others.

ESSENTIAL DUTIES :

• Maintain accurate and timely project reporting by collecting key project information from construction and procurement partners. Problem solve and use the tools at your disposal to determine accuracy of information provided and anticipate needs. Work with project managers to properly code reimbursable travel expenses in Concur to projects. Track monthly actual costs and cashflow in the Estimate at Completion (EAC) files. Create monthly summary report of all project commitments, actuals and forecast (if applicable) with commentary and present to senior leadership. Should take effective notes and follow up proactively on action items regarding projects, while keeping project managers accountable.
• Prepare and review project reporting with construction & procurement team and make updates for changes. Complete budget transfers accurately upon receipt of project addendums and when information is presented that would result in costs higher than expected.
• Review and approve purchase orders, contractor’s request for payment and invoices related to projects. Review and approve Project Approval Forms to verify required documentation is accurate and complete. Set up approved projects in the financial system using correct categories and accounting codes. Keep an accurate and detailed log of projects.
• Prepare Executive Summary Report at month-end to include project-to-date cashflow, estimated costs through project completion and communicate causes of project delays, overbudget status or cause of savings to key stakeholders.
• Communicate effectively with all partners on project issues (risks & opportunities). Respond to general inquiries / research in a timely manner. Assist with ad-hoc projects as needed.

REQUIREMENTS :

Must be team-player, flexible, and adapt to fast-paced, dynamic environment

Hybrid schedule working in-office Monday through Thursday with optional remote work on Friday.Cost Analysis, Construction Projects - Accounting, Excel Formulas, Cash Forecasting, Cash Flow Reports