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Project Accountant - Cincinnati
Project Accountant - Cincinnati-January 2024
Cincinnati
Jan 20, 2025
About Project Accountant - Cincinnati

  Division:Mid-NorthProject Location(s):Cincinnati, OH 45201 USAMinimum Years Experience:Travel Involved:Job Type:RegularJob Classification:ExperiencedEducation:Job Family:FinanceCompensation:Salaried ExemptIf you picture yourself doing great things that make adifference in the lives of others, Turner is the place to be. TurnerConstruction is an industry leading commercial construction generalcontractor with a 120 year history spanning iconic projects around the globe,including 10 of the world's 100 tallest buildings.Turner is committed to sustaining a diverse,equitable, and inclusive environment where everyone feels connected, seesthemselves represented at all levels of the company, and feels supported toreach their ultimate potential. Turner builds some of the most ambitiousprojects in the world. The technical expertise of our people makes us arecognized leader in many markets. Our projects are well known. Our people setus apart. We inspire greatness. Can you picture yourself at Turner? If so,apply and let's do great things together!Position Description: Lead all fiscal management and financial administration aspects of project. Ensure all team members, including project manager, superintendent, and engineer are following Turner financial policy and procedures, and communicate any potential profitability or risk to management.Reports to: Senior Accountant, Operational Finance or Accounting Manager, Operational FinanceEssential Duties & Responsibilities:Set up, lead, oversee and implement procedures to insure client contractual requirements are met in regard to billing and accounts receivable. Perform client contract analysis to determine the billing deadlines, payments terms, billable and non-reimbursable expenses, agreements for insurance and fee billings along with approved billing rates for staff and/or trade labor.Regularly audit client billing and project ledger, ensure both are meeting with contract requirements, GAAP and company policy.Manage accounts payable for vendor invoice processing, ensure proper sales and use tax are accounted for and responsible for keeping accounts up to date for assigned projects.Manage accounts payable for subcontractor invoice processing, ensure all applicable lien waivers are submitted and contracts and insurance requirements are in place prior to scheduling payments. Report to project team any subcontractor payment issues.Manage month close process ensuring all client bills and project costs are posted or accrued if work is in place and of material value.Update monthly projects assets and rentals for insurance documentation with project team.Manage project financial closeout along with project team. Ensure final contract amount and closeout documentation requirements have been met and agreed to by subcontractors prior to issuing final payments.Responsible for cash position reporting with respect to net assets, liabilities, and unfunded work in place, communicate any potential risks or profitability to project team.Assist with all internal and external audit requests.Other activities, duties, and responsibilities as assigned.#LI-MF1Qualifications:Bachelor's Degree in Accounting, Finance or related field required, with 3 years of related experience or an equivalent combination of education, training and/or experienceExcellent knowledge of accounting principles (GAAP) to ensure timely and accurate reportingUnderstand accounting implications of various contract terms related to profitability and risk managementAble to perform cost anaylsis proceduresHigh degree of organizational skills with exceptional attention to detailMust have strong proficiency with financial systems applications and MS Office, specifically Excel and

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