Robert Half Cost Accountant in Chicago, Illinois
The cost Accountant will perform duties to oversee and analyze revenue and costs associated with active construction projects. This position plays an integral role to the company with understanding and strengthening of the financial position and cash flow through production analysis and actual to budget review. This position applies knowledge of GAAP accounting principles to ensure accurate and timely information is being relayed to upper management.
Responsible for understanding the progression of the assigned teams’ construction projects, ensuring costs are posting appropriately and timely, and analyzing job cost projections for accuracy.
Assumes responsibility for working with project team members and maintaining complete and accurate records for multiple jobs - working with multiple project managers, engineers and accountants.
Read/comprehend contents of the project contracts for all jobs assigned as it pertains to, but not limited to, structure of SOV, billing cycle, payment terms, and retainage release.
Understand the customer billing/payment cycle and assist in coordinating and distributing payment applications and lien releases (waivers), per procedure.
Communicate regularly with Project Managers, Engineers and Accountants to understand the specific needs of each job and determine where assistance is needed. Assistance may be in tracking submittals and RFI’s, making copies, reviewing and sending out meeting minutes, following up with subcontractors or material suppliers to ensure the proper documents are received; and other needs as required.
Assist Project team in preparing subcontractor payments and prime contract billings to ensure subcontractor payments and client billings are timely.
On receipt of vendor subcontracts and purchase orders, thoroughly review before entering/filing to insure all elements have been returned and signed in the appropriate locations and that if there are any modifications, that the Project Manager has initialed their acceptance. If modifications are not accepted by PM, continue the communication “loop” with the vendor until both parties have fully executed documents.
Review and understand contract obligations with Subcontractors and Vendors for project specific Master Service Agreements, Purchase Orders, Change Orders, and Work Orders
Prepare Certified Payrolls for self-performed work and/or subcontractors.
Support field operations and project teams with expense reporting.
Responsible for weekly cost reporting – run reports for active jobs, analyze and identify missing/inaccuracies to Accounting Manager, Division Manager and Project Manager.
Verify subcontract costs at month end- Identify subs onsite & compare to sub payables provided by managers. · Identify and review under billed projects and communicate findings to Team and Accounting Manager. · Responsible for ensuring billings are in JDE weekly for assigned Team’s active jobs and report reason for unbilled jobs to accounting.
Robert Half is the world’s first and largest specialized talent solutions firm that connects highly qualified job seekers to opportunities at great companies. We offer contract, temporary and permanent placement solutions for finance and accounting, technology, marketing and creative, legal, and administrative and customer support roles.
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All applicants applying for U.S. job openings must be legally authorized to work in the United States. Benefits are available to contract/temporary professionals, including medical, vision, dental, and life and disability insurance. Hired contract/temporary professionals are also eligible to enroll in our company 401(k) plan. Visit roberthalf.gobenefits.net for more information.