Project Accountant – A-C Careers

Project Accountant

  • Bakersfield

Mission:

Owns the end-to-end cash cycle of projects, revenue recognition in accordance with GAAP, and proper training on all areas of project administration including project setup in accordance with the contract, change order management, billing, projections, and project close-out. Drives for LEAN in all project processes. Partners with Divisional project teams to drive and implement new processes that cement internal controls and have a bottom-line impact.

Key Responsibilities:

  • Own the Project Accounting of A-C Electric Company including accurate and completeproject setup, revenue reporting, projected costs, financial training for project teams,and favorable terms for cash position
  • Own key metrics and reporting such as preparation of WIP Reports, Dashboard for Project and Client Reporting (e.g., underbillings, overbillings, margin, revenue, customer position, etc.) and Cash Inflow projections, which reporting should be easilyunderstood and actionable
  • Own successful collections process for A-C Electric Company by working with Divisions to achieve best practices and results for Accounts Receivable – Billing and Collections
  • Expert in Revenue Recognition rules in construction and Spectrum (Company ERP)

Additional Job Duties:

  • Preparation and reconciliation for Solar Commissions Schedule
  • Collections review and ownership of Divisional collaboration meetings to achieve collections targets with no delays in payments
  • Preparation of WIP Reports Monthly
  • Supervise Budgets(CR &CO)
  • Prelien Notices/Release process – achieve efficiency to ensure risk management parameters are met for A-C Electric Company – expertise in construction lien requirements required
  • Daily Deposit
  • Updating Billing Rates and working with Divisions to create billing rates as needed for general or special client use
  • Prepare cash inflows projection each week for 4-week look-ahead for Corporate Controller and CFO
  • Financial Reporting-Project-related
  • Audit coordination
  • Monthly projection scheduling, review, attendance including following up with notes and action items within Divisions, working with the Corporate Controller to post projections into ERP system
  • Preparation of journal entries related to projects for approval by Corporate Controller
  • Working directly with business unit personnel, ensure Company policies and processes are adhered to
  • Prepares monthly DSO report
  • Knowledgeable and comfortable in ERP (Spectrum is the Company ERP)
  • Ad-hoc preparation of financial analyses for Division and Executive Management

Requirements & Skills:

  • Ability to prioritize multiple tasks with crucial deadlines; Problem Solver
  • Experience Required:
    • Bachelor’s Degree in Accounting, Business, or a combination thereof
    • Cost Accounting
    • Advanced knowledge of Excel and data manipulation
  • Preferred, but not required:
    • Construction accounting
    • General Ledger
    • Sales/ Use Tax Experience
    • SQL Understanding
    • Specialty contractor with union staff
  • Customer Service Focused, both internal and external
  • Shows Urgency, Accuracy, Proactivity, and Attention to Detail

A-C Electric Company is an Equal Opportunity Employer, women and minorities are encouraged to apply.