
Construction Accounting Specialist
1 day ago
The Financial Operations Manager will play a vital role in managing the financial aspects of construction projects.
This role involves maintaining accurate financial records, processing invoices, managing payroll, and ensuring compliance with construction-specific accounting practices.
Key Responsibilities:- Financial Management:
- Maintain accurate and up-to-date financial records for the company and individual construction projects
- Manage accounts payable and receivable, ensuring timely invoicing and payment processing
- Reconcile bank statements and financial accounts regularly
- Project Costing and Budgeting:
- Track and allocate costs to specific construction projects
- Monitor project budgets and provide reports on variances
- Work with project managers to ensure accurate tracking of labor, materials, and equipment costs
- Payroll Administration:
- Process payroll for construction workers, ensuring compliance with prevailing wage laws, union agreements, and tax regulations
- Track hours, overtime, and deductions for employees
- Compliance and Reporting:
- Prepare and file tax documents, including sales tax, payroll tax, and other regulatory filings
- Ensure compliance with local, state, and federal regulations
- Generate financial reports, including profit and loss statements, balance sheets, and cash flow statements
- Vendor and Subcontractor Management:
- Maintain records of vendor contracts, payments, and insurance certificates
- Process and track subcontractor invoices and lien waivers
- Software and Technology:
- Utilize construction-specific accounting software such as QuickBooks, Sage, or Procore
- Maintain organized digital and physical records of financial documents
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