Construction Accountant

7 days ago

tiruppur, India beBeeAccounting Full time

Construction Accounting ProfessionalThis role requires a deep understanding of construction accounting principles, financial management, and regulatory compliance. The ideal candidate will have worked in construction accounting/contractor accounting, a person who has knowledge of percentage completion method of accounting and worked on project profitability.The Construction Accounting Professional will oversee and manage the financial accounting functions within the company ensuring accurate financial reporting, maintaining fiscal discipline, and supporting the overall success of construction projects.This position is responsible for all aspects of the accounting operations and cash management of the company including the production of periodic financial reports, maintenance of an adequate system of accounting records, and a comprehensive set of controls and budgets and ensure that reported results comply with generally accepted accounting principles.Responsibilities:Oversee day-to-day accounting activities such as accounts payable, accounts receivable, and general ledger entries and ensure timely and accurate recording of financial transactions.Prepare and Analyze the monthly and quarterly financial statements including balance sheets, income statements, and cash flow statements.Ensure the monthly close is complete with all general ledger accounts reconciled and analyzed as appropriate with variance analysis.Coordinate and facilitate the construction draw process ensuring timely and accurate disbursement of funds for construction activities.Manage the yearly audit and tax compliance process including ensuring all information is in complete, accurate, and available for the tax preparers and auditors.Establish and maintain internal controls to safeguard company assets.Ensure control over actual expenses vs budget and participate in cash management position and forecasting.Provide management with information vital to the decision-making process.Oversee the use of Yardi, the company's property and accounting software.Should have knowledge of preparing project profitability report and percentage of completion method of accounting.Ensure compliance with relevant accounting standards, regulations, and company policies.Continuously assess accounting operations offering recommendations for improvement and implementation of new processes, policies, and procedures ensuring an efficient operation maximizing use of technology.

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