Mortenson

  • Project Accountant

    Job Locations US-MN-Minneapolis
    Posted Date 1 month ago(3/27/2018 5:16 PM)
    Job ID
    2018-3641
    # of Openings
    1
    Category
    Accounting/Finance
  • Overview

    Mortenson's Minneapolis Office is doing some exciting work! Join our team and you'll be part of an innovative team that is responsible for many of the buildings you see every day! 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.

    It all starts with our exceptional people and exceptional teams. Mortenson has been voted a "best place to work" over 40 times regionally over the past decade…

    …What are you waiting for?

    Summary:

    Mortenson's Minneapolis Office is seeking a Project Accountant to join our team. The Minneapolis office is focused on creating amazing commercial structures in a variety of sectors including healthcare, hospitality, higher education, cultural centers, corporate and more! The Project Accountant is a critical and valued part of the team providing accounting support to project teams and performing various accounting tasks to ensure accurate and timely financial reporting.

    For more information about the Minneapolis office: http://www.mortenson.com/minneapolis 

     

    Responsibilities

    Review the construction contract to ensure all requirements are being met for assigned projects (i.e., lump sum or smaller cost-plus)

    • Utilize the contract summary in relation to scope and areas of work: oversee project budget, approved change orders, and budget transfers
    • Perform budget allocations for any project, ensuring allocations conform with contract terms
    • 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
    • Assist in project closeout process 

     

    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, help to identify over/under billing situations
    • 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
    • Participate in project review meetings
    • 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

     

     

     

     

    Qualifications

    KEY SKILL REQUIREMENTS:

    • Ability to understand increasingly more complex construction business concepts
    • Detail orientation and organizational skills sufficient to support multiple concurrent projects
    • Intermediate to advanced skills in Microsoft Excel, as well as experience with ERP accounting applications
    • Effective communication and active listening skills with those of diverse organizational levels and backgrounds
    • Effectiveness in a dynamic and pressurized environment
    • Oracle and job costing experience is a plus

    KEY SKILL PREFERENCES:

    • Construction or manufacturing accounting strongly preferred

    • Large project experience desired
    • Experience with Cost Plus accounting
    • Open to change based on diverse input and feedback
    • Effectively work with those of diverse backgrounds and organizational levels
    • Adaptive, effective communication and active listening skills
    • Strong cross-cultural relationship building and influencing at all organizational levels

    EDUCATION AND EXPERIENCE REQUIREMENTS:

    • Bachelor’s degree in Accounting, Finance, or related (ie Business)
    • Minimum three years accounting experience.

     

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

    #LI-AH1

     

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