Project Accountant

Job Description

Project Accountant | Suffolk Construction

The Tone:
This is a role at Suffolk Construction, a national enterprise with 3,000 employees dedicated to building, innovating, and investing. Suffolk provides value across the entire project lifecycle through its core construction management services, complemented by business lines in real estate investment, design, self-perform construction, and technology start-up investment. By integrating data, artificial intelligence, and advanced technology, Suffolk manages complex and transformative projects across healthcare, life sciences, education, gaming, aviation, transportation, government, mission-critical, and commercial sectors. The Project Accountant is essential to this enterprise, playing a key role in precisely tracking and reporting on the financial performance of individual projects, thereby supporting the company’s commitment to delivering smarter, more predictable results.

The TL;DR
• Role: Early Career
• Location: In-person
• Mission: This individual solves the problem of accurate financial tracking and reporting for projects to ensure predictable results.

What You’ll Actually Do
• Owner Requisition Management: Process the monthly financial requests submitted by project owners, ensuring timely and accurate billing.
• Subcontractor Financial Oversight: Manage and process all subcontractor requisitions, verifying compliance with contract terms and conditions, including insurance and billing procedures.
• Project Budget Control: Implement and process necessary updates to project budgets, alongside executing cost transfers to maintain financial accuracy.
• Invoice Disbursement Selection: Carefully select and prepare invoices for inclusion in the weekly disbursement cycle, optimizing cash flow.
• Cash Position Monitoring: Continuously monitor and track the cash position of the project, providing critical financial insights to project leadership.
• Risk Program Assistance: Support the Corporate Risk Manager in the administration of the Contractor Controlled Insurance Program (CCIP).
• Project Financial Collaboration: Work closely with Project Managers and Project Executives to address all facets of project accounting and administrative concerns.

The Must-Haves
• Background: This role requires a Bachelor’s degree in Accounting or a relevant field, placing it at an early-career level.
• Experience: Candidates should have 0-3 years of related experience in financial or project accounting.
• Skills:
• Financial requisition and invoice processing: Expertise in processing complex monthly owner requisitions and subcontractor invoices, including selection for weekly disbursements.
• Contract terms and compliance verification: Ability to ensure strict adherence to contract terms and conditions for subcontractors, covering aspects like insurance and billing procedures.
• Budget management and cost transfer execution: Proficiency in updating project budgets and accurately processing cost transfers to reflect project changes and maintain financial integrity.
• Project cash flow monitoring: Skill in continuously tracking and monitoring the cash position of a project to support informed financial decision-making.
• Collaborative financial administration: Capability to work effectively with Project Managers and Project Executives on diverse project accounting and administrative issues, and assist in specialized programs like CCIP administration.