About Our Client
I'm partnered on a retained search with the CFO at a rapidly growing, PE backed organization located near Lisle, IL. The PE sponsor has invested large amounts of capital into our client's business and the company is also receiving large grants from the government to continue the immense growth. We placed two individuals last year due to this growth, and as one of those individuals already received a promotion, they are now looking to bring on a Project Accountant.
As the Project Accountant, you will oversee the construction project accounting, asset capitalization processes, and provide analytical insights to support strategic business decision-making. You will also work collaboratively with cross-discipline departments (engineers, project managers, finance, etc) to ensure accuracy in each project's completion. They are wanting this person to come in and hit the ground running to capitalize on the growth the company is experiencing and to quickly progress their career forward.
Job Description
- Supervise and manage costs associated with construction and customer installations to ensure they meet financial goals and budget constraints.
- Perform regular financial assessments to detect discrepancies and propose corrective measures.
- Work closely with project managers, engineers, and various departments to monitor Construction in Progress (CIP) from inception through completion, ensuring proper capitalization upon project closure.
- Compile and deliver financial reports to senior management, project managers, and stakeholders.
- Identify financial risks linked to projects and devise strategies to mitigate them.
- Assess financial impacts of adjustments in project scope or timelines.
- Monitor and oversee company-owned assets from their initial acquisition through their entire life cycle, including additions, adjustments, disposals, and transfers.
- Verify the accuracy of asset-specific details such as service commencement dates, locations, quantities, costs, disposal dates, and more.
- Monitor the company's capital expenditures against budgetary limits and management approvals.
- Track cash flow associated with additions to fixed assets.
- Conduct annual physical audits of fixed assets.
- Design and implement financial processes and systems to enhance efficiency and accuracy.
- Continuously refine practices and procedures in capital fixed asset accounting.
- Provide training and guidance to accounting staff on best practices in capital fixed asset accounting.
- Ensure compliance with accounting standards, regulatory requirements, and internal controls.
- Collaborate with auditors during financial audits and assist with inquiries pertaining to fixed assets.
- Stay updated on changes in accounting regulations and industry trends related to capital accounting.
- Identify inefficiencies in the cost accounting and capital accounting processes and recommend improvements or automation solutions.
- Utilize technology tools and systems to streamline capital fixed asset accounting processes and improve reporting functionality.
- Ad hoc requests as needed.
The Successful Applicant
- Bachelor's Degree in Accounting & Finance or related field
- 5+ years of accounting experience
- Strong technical accountant with project accounting experience
- Someone with construction or telecommunication experience
- Detail-oriented with a focus on accuracy and quality
- MBA and/or CPA a plus
- Proficiency in accounting software (e.g., NetSuite), Microsoft Excel, and other financial analysis tools nice to have
- Ability to think critically and analytically
- Strong knowledge of GAAP
- Strong verbal and written communication skills
- Ability to work collaboratively with the existing team
- Ability to work independently as well
- Attention to detail and to perform multiple tasks at once.
What's on Offer
- Highly competitive compensation package
- Strong benefits
- PE Backed, rapidly growing company
- Ample room to progress your career
- Remote working flexibility
- Highly visible role, collaborating with the CFO and senior leaders
- Mentorship and training from the team
- Awesome team culture
Contact: Matt Conroy
Quote job ref: JN-092024-6536339
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