6 days old

Project Accountant

Minneapolis, MN 55415

Company Overview:

Mortenson's success is not a matter of luck; it's a result of our ingenuity, expertise, and exceptional people coupled with our unparalleled focus on customer service.

Our foundation and culture are based upon our company values of trust, safety, teamwork, responsibility, service and stewardship. We are inspired by a compelling purpose to build structures and facilities for the advancement of modern society and a mission to create an exceptional customer experience. Mortenson has built a reputation for being a leader in our industry and in the communities in which we live and work.

Summary:

Mortenson is currently seeking a Project Accountant that will provide accounting, analysis, and financial support to our Data Center project outside of Salt Lake City, Utah. This individual will serve as the key liaison from the Finance and Accounting department to the project team.

Responsibilities:

Review the construction contract requirements for assigned projects (i.e., lump sum or smaller cost-plus)


    *Utilize contract summary for daily work
    *Perform budget allocations as required
    *May provide assistance in complying with various other contract requirements, i.e., certified payroll reporting, minority participation reporting, or providing necessary information to maintain insurance for the project
    *Assist in tracking subcontractor lien waivers if necessary

    Process receivables in a timely manner to result in a favorable project cash flow


      *Prepare less complex cost-plus project billings, ensuring all allowable costs are billed in a timely manner
      *Respond to resulting questions from customer or project manager
      *Ensure cash receipts are posted to the correct invoice
      *Elevate awareness of financial implications that can be addressed or reversed
      *Work with the project team to assure timely payment receipt
      *May prepare lump sum billings in lieu of the Project Manager - Enter project billings into the system for lump sum billings

      Process payables with an accurate understanding of the sales and use tax requirements for the project


      • *Provide new vendor set-up information, coordinate payments, and daily issuances as needed
        *Set up new subcontracts and process subcontractor applications when appropriate
        *Review equipment pre-bill reports and work with Project Manager to ensure accuracy
        *Ensure all project costs (equipment, material, supplies, misc.) are processed

        Conduct project cost, other analyses, and reporting for the project team and Group Accounting Manager


        • *Prepare specialized reporting for assigned projects
          *May assist the project manager in preparing monthly financial projections, including potential cost issues that may impact forecasted costs and profitability
          *Understand what is impacting the project costs, and identify anything improperly impacting an assigned project

          Understand the relevant components of labor cost in the geographic area of the project


          • *Includes union agreement details, benefit programs, and prevailing wage requirements
            *Ensure new craft labor team members are in the system, team member files are created and maintained, and hours are captured and reported weekly
            *Review certified payroll reports for accuracy and completeness

            Other duties as assigned, including:


              *Answer general questions on PCIM policy or system
              *Represent Mortenson's best interests in working with project auditors
              *Assist with annual and special audits as necessary
              *Assist with annual physical inventory procedures as necessary

              Education and Required Skills:


                *Bachelor's degree in Accounting, Finance or Business Administration
                *Detail orientation and organizational skills sufficient to support multiple concurrent projects
                *Construction-related business exposure helpful; especially knowledge of percentage of completion accounting and construction contracts
                *Qualified candidates will have a minimum of 3 years accounting experience, preferably with construction accounting
                *Experienced supporting a large number of team members
                *Proficiency in working on the computer in Microsoft Office, Email and Calendar systems, and PowerPoint
                *Intermediate skills in Microsoft Excel, as well as experience with ERP accounting applications
                *Strong working knowledge of basic office equipment
                *Strong communication skills both written and verbal
                *Ability to be highly organized

                Mortenson is an EOE/Affirmative Action/M/F/Veteran/Disabled employer.

                This position is not eligible for sponsorship.

                #LI-BS1

Industry

  • Heavy Civil
Posted: 2022-06-22 Expires: 2022-07-23

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Project Accountant

Mortenson
Minneapolis, MN 55415

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