Senior Project Operations Accountant

Company Overview:

Mortenson’s success is not a matter of luck; it’s a result of our ingenuity, expertise, and exceptional people coupled with our unparalleled focus on customer service. 

Our foundation and culture are based upon our company values of trust, safety, teamwork, responsibility, service and stewardship. We are inspired by a compelling purpose to build structures and facilities for the advancement of modern society and a mission to create an exceptional customer experience. Mortenson has built a reputation for being a leader in our industry and in the communities in which we live and work.

It all starts with our exceptional people and exceptional teams. Mortenson has been voted a "best place to work" 40 times regionally over the past decade…

…What are you waiting for?!

Summary: 

Mortenson's Minneapolis Operating Group is currently seeking a Senior Project Operations Accountant with the ability to interact with a variety of staff at all levels in an ever-changing environment, remaining flexible, resourceful, proactive and efficient with a high level of professionalism and confidentiality. 

The ideal candidate will provide accounting, analysis, and financial support to a project team, and perform various accounting tasks to ensure accurate and timely financial reporting. 

Responsibilities:

Understand and implement the construction contract requirements larger and/or more complex projects

• Utilize the contract summary in relation to scope and areas of work: oversee project budget, approved change orders, and budget transfers
• Perform budget allocations for any project, ensuring allocations conform with contract terms
• Assist the project manager in preparing monthly financial projections, including potential cost issues that may impact forecasted costs and profitability
• Answer general questions on PCIM policy or system
• Provide assistance in complying with various other contract requirements, i.e., certified payroll reporting, minority participation reporting, or providing necessary information to maintain insurance for the project
• Assist in tracking subcontractor lien waivers if necessary

 

Process and/or supervise receivables processing to result in a favorable project cash flow

• Prepare cost-plus or cost-plus GMP contract billings, ensuring all allowable costs are billed in a timely manner
• May prepare lump sum billings in lieu of the Project Manager
• Enter project billings into the system for lump sum billings
• Ensure cash receipts are posted to the correct invoice
• Work with the project team to assure timely payment receipt
• Elevate awareness of financial implications that can be addressed or reversed

 

Process and/or supervise payables processing with an accurate application of the sales and use tax requirements for the jurisdiction of the project

• Provide new vendor set-up information, coordinate payments, and daily issuances as needed
• Set up new subcontracts and process subcontractor applications when appropriate 
• Review equipment pre-bill reports and work with Project Manager to ensure accuracy
• Ensure all project costs (equipment, material, supplies, misc.) are processed

 

Conduct project cost, other analyses, and reporting for the project team and Group Accounting Manager

• Understand what is impacting the project costs, identify anything that is improperly impacting an assigned project
• Assist with preparation of financial, ad hoc, and/or specialized reporting requested by group leaders

 

Understand the relevant components of labor cost in the geographic area of the project

• Includes union agreement details, benefit programs, and prevailing wage requirements
• Review certified payroll reports for accuracy and completeness

 

Additional responsibilities include:

• Answer general questions on PCIM policy or system
• Represent Mortenson’s best interests in working with project auditors
• Assist with annual and special audits as necessary
• Assist with annual physical inventory procedures as necessary

 

Education and Required Skills:

• Bachelor’s degree in Accounting, Finance or Business Administration or equivalent experience as a Project Accountant  
• Minimum seven years accounting experience
• Minimum 2 years of construction or manufacturing accounting experience strongly preferred
• Oracle and job costing experience is a plus
• Large project experience desired
• Ability to understand increasingly more complex construction business concepts
• Detail orientation and organizational skills su