Construction Accounting Manager

Vaco - Columbus, OH

Full-time

Columbus, OH

Administrative and Support Services

About the position

The Construction Accounting Manager will play a pivotal role in supporting the Senior Controller with the financial operations of construction projects. This position is crucial for ensuring accuracy and compliance with accounting standards throughout the lifecycle of various projects. The manager will be responsible for collaborating in the month-end and year-end closing activities, which include crafting journal entries, conducting meticulous account reconciliations, and performing comprehensive variance analyses. This role requires a keen eye for detail and a strong understanding of construction accounting principles to ensure that all financial operations align with industry standards. In addition to overseeing the reconciliation of project accountants, the Construction Accounting Manager will conduct in-depth cost analysis and financial evaluations aimed at optimizing project profitability. This involves working closely with project managers to assess financial performance and monitor project budgets, identifying and addressing variances in a timely manner. The manager will also coordinate with external auditors for project audits, ensuring compliance with all audit requirements. Staying attuned to the dynamic landscape of accounting regulations and industry benchmarks is essential, as is the ability to adapt to modifications as deemed necessary. The role also emphasizes the importance of maintaining compliance with internal controls while participating in the deployment of process enhancements to optimize operational efficiency. The Construction Accounting Manager will extend support to special projects and engage in ad-hoc reporting assignments as designated, making this a versatile and impactful position within the organization.

Responsibilities

• Support Senior Controller with the financial operations of construction projects, ensuring accuracy and compliance with accounting standards.
• Collaborate in the month-end and year-end closing activities, encompassing tasks like crafting journal entries, conducting meticulous account reconciliations, and conducting comprehensive variance analyses.
• Oversee reconciliation of project accountants.
• Conduct in-depth cost analysis and financial evaluations to optimize project profitability.
• Collaborate with project managers to assess financial performance.
• Monitor project budgets, identifying and addressing variances in a timely manner.
• Coordinate with external auditors for project audits and ensure compliance with audit requirements.
• Remain attuned to the dynamic landscape of accounting regulations and industry benchmarks, adapting to modifications as deemed necessary.
• Play a proactive role in preserving compliance with internal controls while also taking part in the deployment of process enhancements to optimize operational efficiency.
• Extend support to special projects and engage in ad-hoc reporting assignments as designated.

Requirements

• Bachelor's degree in Accounting, Finance, or a related field; advanced degree preferred.
• 5+ years of progressive experience in Accounting, specifically in the construction industry.
• Expertise in construction accounting principles, cost accounting, and project financial analysis.
• Proficiency in construction management software and financial systems.
• Effective communication skills to liaise with project managers, executives, and external auditors.
• Ability to thrive in a dynamic and fast-paced environment.
• Ability to mentor Project Accountants as needed.