Job Summary:
The Project Accountant supports Project Management by overseeing the financial aspects of a project throughout its duration. This role involves analyzing labor efficiency, cost trends, under/overbilling, and other financial reports relevant to the project, providing regular and ad-hoc reports to the Project Manager.
Essential Duties:
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Collaborate with the Project Management team to conduct cost and revenue analyses for all projects.
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Handle all accounting functions related to assigned projects.
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Oversee invoicing, payments, and compliance for assigned projects.
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Understand and ensure compliance with project requirements.
Key Tasks and Responsibilities:
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Assist the Project Manager with initial project setup in Viewpoint.
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Update data as needed based on contract changes or revisions.
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Review sub-consultant invoices and manage sub-consultant purchase orders.
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Guide billers on invoice preparation, format, and distribution, ensuring timely follow-up on any overdue accounts or unbilled costs.
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Actively participate in project review meetings, providing monthly updates to the Work in Progress (WIP) report for each project.
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Support project closeout processes.
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Review project charges and facilitate cost transfers as necessary.
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Maintain fully executed owner-contractor/purchase orders.
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Ensure compliance with owner requirements, such as billing deadlines, waivers, and certified payroll.
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Monitor the status of pending change orders and invoices, ensuring timely invoicing in the correct format.
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Monitor accounts receivable and assist project managers in collections.
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Track project budgets and assist with quarterly profit projections.
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Provide project managers and clients with timely financial reports, budgets, and forecasts.
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Prepare pre-billing reports for Project Manager review.
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Update contracts based on client requirements and report any related budget amendments.
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Prepare labor reports comparing current run rates to estimated figures.
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Perform cost analysis and reporting for the following:
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Job setups (including cost codes and budget sheets when required).
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Re-budgeting based on job requirements.
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Pencil requisitions.
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Underbilling analysis to assess over/underbilling by cost code or SOV.
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Change orders, requesting updates from Project Managers regarding the status of AWOs.
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Quarterly cost-to-complete analysis.
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Delay claims.
Essential Qualifications/Skills:
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Ability to handle sensitive situations tactfully with colleagues.
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Strong team-building and cooperative relationship skills.
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Ability to meet deadlines and work under pressure.
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Capability to work independently with minimal supervision.
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Highly organized, excellent communication skills, and adept at prioritizing tasks.
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Ability to multi-task and thrive in a fast-paced environment.
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Quick to learn new systems and processes.
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Strong understanding of contracts and scopes of work.
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Integrity, honesty, and a strong drive for success.
Education/Training:
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Associate or Bachelor's degree in Business, Accounting, or Engineering is preferred but not required
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Minimum of 5 years of experience in job cost, cost accounting, and/or construction accounting is preferred
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Familiarity with Accounting systems such as Procore, Vista, or Timberline.
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Experience with Bluebeam, Adobe, and Document Control processes is a plus.
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Proficiency in Microsoft Excel, Word, and Outlook applications.
About Hellman Electric:
Hellman Electric LLC is one of New York City's leading electrical contractors. Over its long-standing history, Hellman Electric has expanded from its heavy construction roots to become a full-service electrical construction firm with Design-Build and Trade Management capabilities. Today, Hellman Electric offers an efficient, capable, and adept professional team for delivery of state-of-the-industry installations for every type of client. In other words, we're a full-service electrical contractor of turnkey solutions for heavy construction, interiors, core & shell, and datacom projects. A hands-on, client-focused firm that exudes speed, flexibility, and responsiveness, we offer a cradle-to-grave approach covering design, implementation, construction, and project management.