Project Accountant

Posted Yesterday
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Santa Clara, CA, USA
In-Office
85K-100K Annually
Mid level
Professional Services • Industrial
The Role
Manage accounting for multiple construction projects including AP/AR, billing packet preparation, job cost reconciliation, subcontractor invoice review, draws input, lien release management, and support for project teams to ensure timely billing and collections.
Summary Generated by Built In

WHAT WE DO:

Megawatt Construction, Inc. has worked with property owners, developers, and tenants to provide turnkey contracting services including project management services. MWC can manage all phases of a project including the design and coordination, permitting, submittals and RFI management, ensuring a successful project start. MWC can continue to provide construction and project management services through the construction phase of the project, ensuring the project is staying on or ahead of schedule while staying on or under budget without sacrificing quality.

OUR CORE VALUES:

1. Safety – Protecting what matters most, people

2. Excellence – Delivering excellence through schedule, quality and cost management

3. Integrity – Through transparency, accountability and open communication

Project Accountant

The project accountant position is accountable for managing all accounting related functions during the lifecycle of multiple projects. This also includes investigating variances, reviewing and approving expenses, preparing and submitting project billing packets to customers in a timely manner, and ensuring payments are collected.

Reports to: Cost Accounting Manager

Essential Duties & Responsibilities:

· Manage all accounting related functions for assigned projects

· Manage sub invoices and payments for assigned projects

· Create monthly AR client billing packets with support documentation

· Point of contact for AR questions from the customer

· Point of contact for AP subcontractors

· Obtain subcontract and purchase order documents/statements

· Have a good understanding of compliance requirements for assigned projects

· Ensure job cost expenses correspond to committed costs

· Input and compare draws and invoices against the schedule of values and purchase order

· Review sub invoices for accuracy and adherence to job-specific schedule of values and budgets

· Route invoices for approval according to workflow process

· Confirm that the paperwork needed for retainage requests is complete

· Review credit card charges and employee expense reports for completeness, supporting documentation and approvals

· Input credit card charges and employee expense reports into Procore as direct costs

· Input surety bond invoices into Procore as direct costs

· Ensure lien releases are secured before and after payment

· Maintain and update the list of entities with lien rights on a subcontractor supplier list

· Reconciliation of project costs and billings before final close

· Perform Accounts Payable functions

· Ensure timely collection of Receivables

· Participate in monthly billing meetings

· Assist project teams/field with any questions

· Provide accounting/finance project administrative assistance as needed

Qualifications:

  • Bachelor’s Degree in Accounting, Finance or related field required, with a minimum of 3 years of construction related experience

  • Excellent knowledge of accounting principles (GAAP) to ensure timely and accurate reporting

  • Understand accounting implications of various contract terms related to profitability and risk management

  • Able to perform cost analysis procedures

  • High degree of organizational skills with exceptional attention to detail

  • Must have strong proficiency with financial systems applications and MS Office, specifically Excel and Word as well as QuickBooks

  • Experience with Procore viewed as a major plus

  • Must be self-starter, adaptable and flexible to operate with minimal direction and little or no supervision while working in a complex and changing environment

  • Exercise independent judgment and discretion with ability to identify problems and make recommendations for resolution

  • Demonstrated leadership, strong dedication to teamwork and integrity within professional environment

  • Professional written and verbal communication skills

EEOC & DFEH Statement:

We are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, ancestry, national origin, religion, creed, age, sex, gender, sexual orientation, gender identity, gender expression, marital status, genetic information, disability status, protected military or veteran status or any other characteristic protected by law.

Our Benefits Include:

· Medical, Dental, Vision and Life Insurance plans for employees and their dependents

· 401k with company matching contribution

· 10 (15 after 3 years) PTO days per year plus 9 paid holidays

Skills Required

  • Bachelor's Degree in Accounting, Finance or related field
  • Minimum of 3 years construction-related experience
  • Excellent knowledge of accounting principles (GAAP)
  • Understanding accounting implications of contract terms related to profitability and risk
  • Ability to perform cost analysis procedures
  • High degree of organizational skills and attention to detail
  • Strong proficiency with financial systems applications and MS Office, specifically Excel and Word, and QuickBooks
  • Experience with Procore
  • Self-starter, adaptable, able to operate with minimal direction
  • Ability to exercise independent judgment, identify problems and recommend resolutions
  • Demonstrated leadership, teamwork, and integrity
  • Professional written and verbal communication skills
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The Company
134 Employees

What We Do

Megawatt Construction provides turnkey contracting and project management services, managing all phases of a project from concept design and budgeting to commissioning and turnover. They specialize in electrical systems and data center tenant buildouts, working with property owners, developers, and tenants to ensure quality, transparency, and successful project delivery across both public and private sectors.

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