Sr. Cost Accountant

apartmentRobert Half placeNew York calendar_month 

We are seeking a Sr. Cost Accountant to join our team in New York, New York. This role offers a contract to hire employment opportunity in the construction industry. As a Sr. Cost Accountant, you will play a key role in managing job costing, handling WIP, CIP, retainage, change orders, and Asset Management.

Responsibilities:

  • Collection of monthly pay applications from contractors, subcontractors, and vendors.
  • Working closely with external stakeholders to collect and verify banking information.
  • Setting up new vendors, contracts, and T& M billings adhering to company policies.
  • Reviewing and entering progress bills, estimates, and contracts into Sage Intacct.
  • Ensuring job cost accuracy per project in collaboration with project management.
  • Facilitating regular communication between Maintenance and Construction departments for overlapping projects.
  • Conducting cost analysis and recommending cost-saving strategies.
  • Taking an active role in month-end and year-end closing.
  • Posting necessary journal entries.
  • Performing Balance sheet account reconciliations.
  • Running on-hand inventory reports and comparing them with the general ledger.
  • Analyzing and investigating any significant inventory variances, be it favorable or unfavorable.
  • Coordinating with operations for period end cut-off and any inventory adjustments.
  • Executing inventory reconciliations at period end and investigating variances. • Minimum of 5 years of experience in a senior cost accounting role or similar
  • Proficiency in using accounting software systems
  • Familiarity with ADP - Financial Services
  • Experience with BlackLine and Costpoint
  • Knowledge of DCAA regulations and requirements
  • Comprehensive understanding of accounting functions
  • Experience in auditing and budget processes
  • Proficiency in cost accounting and cost analysis
  • Experience in construction accounting, construction cost, and construction estimating
  • Familiarity with the construction industry and construction projects
  • Knowledge of construction plans and schedules
  • Ability to handle account reconciliation, including balance sheet account reconciliation, bank account reconciliation, and cash reconciliations
  • Experience in adjusting journal entries, general journal, and month-end journal entries
  • Ability to perform month-end close activities, monthly balance sheet reconciliation, and monthly bank reconciliation
  • Experience in monthly reporting and variance analysis
  • Ability to reconcile balance sheet accounts, bank accounts, cash, and inventory
  • Experience in construction-to-permanent loan processes, portfolio construction, pre-construction, and preconstruction activities
  • Familiarity with the monthly close process and monthly closings
  • Knowledge of monthly financial close processes and monthly invoicing
  • Ability to prepare and review journal entries.
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