Project Cost Accountant

Job Summary

The Project Cost Accountant provides professional cost management, accurate project forecasting and cost control, working directly on-site with project teams. They support contract administration with accurate client pay applications, subcontractor cost review and general expense processing. Through the application of policy, procedure, detailed work processes and best practices they help achieve desired financial results on construction projects. The Project Cost Accountant will have experience with computerized construction financial accounting systems and the ability to analyze and forecast construction costs.

• Read and become familiar with owner contract and Flintco subcontract as they pertain to billing, notice requirements, dispute resolution and other commercial considerations.
• Spreads original estimate and approved change orders onto estimate sheets and into various categories such as pay item, cost code, description, insurance code, man-hours, quantity, unit of measure, labor, material, equipment rental, subcontractors, etc. to allow for data entry into system.
• Assign cost code numbers utilizing the established standard codes and assigning miscellaneous codes as required.
• Participate in project start‑up meeting with project team, subcontracting, risk management, and financial services.
• Owner billings – participate with the Project Manager in developing each owner billing.
• Issue change orders to the subcontractors when required by alterations from the owner to the Company or from the Company to the subcontractor.
• Process information from field personnel, updating the labor productivity reports, project labor percentages of completion and quantities.
• Issue standard set of cost reports.
• Assess cost performance, completeness and accuracy of reports, change events tracking and forecasting, claims and change order resolution, for both subcontracted and self‑perform work.
• Work with the Financial Manager and Project Manager to review project financial forecasts and track all commercial/financial risks and opportunities to forecasted performance, including pending change orders, disputed items, back charges, insurance claims.
• Initiate and complete project closeout of all financial information.
• Monitor accounts receivable and payable for the project and assure lien waivers are completed. Monitor and forecast project cash flow.

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Ability to represent to all persons the Flintco Ethos that encourages the highest level of performance, integrity and morale; practice good communication skills; read, analyze and interpret documents such as operating and maintenance instructions, procedure manuals, owner and subcontractor contracts and project manuals; write routine reports and correspondence; present information to groups of clients, employees or top management; perform basic arithmetic and financial calculations;

interpret various technical instructions; organize and manage time, duties and activities efficiently.

Bachelor’s degree (B.S.) in Accounting or Finance from a four‑year college or university or equivalent combination of education and experience.

2‑5 years applicable cost accounting experience preferred or equivalent combination of education and experience. This experience may have been gained within the construction industry, other long‑term contracting environments, or in a senior auditing role.

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Physical Requirements

• Physical demands are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
• When performing the duties of this position, the employee is regularly required to stand; walk; use hands to finger, handle, or feel; reach with hands and arms; climb or balance; stoop, kneel, crouch, or crawl; talk or hear.
• The employee is occasionally required to sit and smell.
• The employee must occasionally lift and/or move up to 50 pounds.
• Specific vision abilities required by this…