Randstad Finance & Accounting (Tatum) has a client located in (Downtown) Atlanta seeking an experienced Senior Accountant with a strong background in construction accounting to oversee the day-to-day accounting operations related to construction projects. The ideal candidate will have a deep understanding of construction-specific accounting principles, such as percentage-of-completion (ASC 605-35), revenue recognition (ASC 606), job costing, retainage, and pay applications. Expertise in Coupa, NetSuite, and Procore required . The role will focus on day-day as well as the month-end and year-end close processes, ensuring accurate reporting, compliance with industry standards, and efficient accounting operations for construction projects.
Responsibilities
- Daily Accounting Functions: Manage day-to-day accounting activities, including accounts payable, accounts receivable, payroll, and general ledger entries related to construction projects.
- Revenue Recognition & Job Costing: Apply ASC 606 (Revenue from Contracts with Customers) and ASC 605-35 (Construction-Type and Production-Type Contracts) to ensure accurate percentage-of-completion revenue recognition and job costing.
- Retainage & Pay Applications: Oversee the preparation and review of progress billings (pay applications), ensuring accurate tracking of retainage and compliance with contract terms for revenue recognition per ASC 606.
- Contract Accounting: Ensure accurate tracking and accounting of project-related costs, including direct costs, subcontractor costs, and change orders.
- Month-End & Year-End Close: Lead the month-end and year-end close processes, ensuring accurate posting of financial transactions and reconciliation of accounts. Prepare financial statements in accordance with US GAAP
- Payroll Processing : Oversee payroll processing for construction. Ensure proper allocation of labor costs to individual projects and departments and union payments
- Software Proficiency: Use Coupa for procurement and expense management, NetSuite for accounting and financial reporting, and Procore for project-based job costing. Ensure seamless integration and accurate data flow between these platforms.
- Audit Preparation: Prepare necessary documentation and schedules for internal and external audits, ensuring compliance with all relevant accounting standards and regulations.
- Process Improvement: Identify and recommend improvements to accounting processes and systems to enhance efficiency, accuracy, and compliance within the construction accounting function.
Qualifications
- Experience: Minimum of 5 years of accounting experience, with at least 3 years in the construction industry, including expertise in job costing, percentage-of-completion, retainage, and pay applications.
- Education: Bachelor’s degree in accounting.
- Certifications: CPA (or CPA track) preferred.
- Technical Expertise: Strong knowledge of ASC 606 (Revenue from Contracts with Customers) and ASC 605-35 (Construction-Type and Production-Type Contracts).
- Software Experience: Proficiency in Coupa, NetSuite, and Procore is good to have.
- Industry Knowledge: Solid understanding of construction accounting practices, including revenue recognition, job costing, progress billing, and retainage.
- Audit & Compliance: Experience preparing for and coordinating internal and external audits, ensuring adherence to GAAP and construction industry regulations.
- Advanced Excel Skills: Strong proficiency in Excel, including the use of pivot tables and V/H/X lookups.
KNOWLEDGE, SKILLS, ABILITIES, AND COMPETENCIES
- Expertise in GAAP, IFRS, and regulatory compliance (e.g., tax laws, Sarbanes-Oxley).
- Industry-specific practices, such as job costing and revenue recognition.
- Financial management, including budgeting, forecasting, and cost analysis.
- Understanding of international accounting practices and cross-border financial regulations.
- Proficiency in accounting software (e.g., SAP, QuickBooks, Oracle).
- Advanced Excel skills (e.g., pivot tables, macros, financial modeling).
- Financial reporting, reconciliations, and data analysis.
- Strong leadership and team management abilities.
- Effective communication for presenting financial information to stakeholders.
- Excellent problem-solving and decision-making skills.
- Attention to detail and commitment to accuracy in financial work.
- Adaptability to changing regulations, priorities, and cultural business environments.
- Time management to meet strict deadlines for month-end/year-end close.
- Strategic thinking and risk management to contribute to long-term goals.
- Continuous learning to stay updated on accounting standards and industry trends.
- Ability to navigate complex international transactions and compliance requirements.