Senior Manager - Construction Accounting

Job Title: - Senior Manager - Construction Accounting

Department: Accounting and Finance

Work hours: Eastern Standard Time

Reporting to: Vice President

Job Summary:

The Construction Accounting Manager will be responsible for overseeing and managing the financial accounting functions within the company. This role requires a deep understanding of construction accounting principles, financial management, and compliance. The Construction Accounting Manager will play a vital role in ensuring accurate financial reporting, maintaining fiscal discipline, and supporting the overall success of construction projects. The ideal candidate will have worked in construction accounting/contractor accounting, a person who has knowledge of % completion method of accounting and worked on project profitability.

Responsibilities:

This position is responsible for all aspects of the accounting operations and cash management of the Company, including the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets and ensure that reported results comply with generally accepted accounting principles.

Duties:

• Oversee day-to-day accounting activities, such as accounts payable, accounts receivable, and general ledger entries and ensure timely and accurate recording of financial transaction.
• Prepare and analyse the monthly and quarterly financial statements, including balance sheets, income statements, and cash flow statements.
• Ensure the monthly close is complete with all general ledger accounts reconciled and analysed, as appropriate, with variance analysis.
• Coordinate and facilitate the construction draw process, ensuring timely and accurate disbursement of funds for construction activities.
• Manage the yearly audit and tax compliance process, including ensuring all information is in complete, accurate and available for the tax preparers and auditors.
• Establish and maintain internal controls to safeguard company assets.
• Ensuring control over actual expenses vs Budget and participate in cash management position and forecasting.
• Provide management with information vital to the decision-making process.
• Oversee the use of Yardi, the Company's Property and Accounting software.
• Should have knowledge of preparing project profitability report and percentage of completion method of accounting.
• Ensure compliance with relevant accounting standards, regulations, and company policies.
• Continuously assess accounting operations, offering recommendations for improvement and implementation of new processes, policies, and procedures, ensuring an efficient operation, maximizing use of technology.

Requirements:

1. CA / CPA with 6-8 years of experience in real estate / construction industry.

2. Highly organized with strong attention to detail and quality of deliverables.

3. Excellent writing, communication and interpersonal skills.

4. Must have excellent work ethic, high level of integrity and excellent follow-up skills.

5. Ability to demonstrate critical thinking skills in decision making.

6. Excellent analytical and quantitative skills.

7. Demonstrated leadership and management skills.

8. Superior ability to track and meet deadlines focused on overcoming obstacles.

9. High level of computer skills, including extensive experience with Yardi, PROCORE or similar real estate accounting system.

10. Ability to take initiative and manage teams effectively