The Cost Accountant plays a key role in supporting the financial health and success of our commercial electrical construction projects. This in-office position works closely with the Project Management team to monitor job costs, track budgets, analyze variances, and ensure accurate financial reporting throughout each project’s life cycle. The ideal candidate combines strong analytical skills with a solid understanding of construction accounting principles and the ability to communicate financial insights clearly and effectively to both technical and non-financial team members.
This role is essential for helping the company maintain profitability, manage risk, and make informed business decisions through accurate cost analysis and timely financial reporting.
RESPONSIBILITIES
- Collaborate with Project Managers to develop and maintain detailed project budgets and forecasts.
- Track and analyze all job costs, including labor, materials, equipment, and subcontractor expenses.
- Review project billing and revenue recognition to ensure compliance with company and contract standards.
- Prepare monthly job cost reports and variance analyses for management review.
- Participate in monthly job cost meetings with the Project Management team to review performance, identify variances, and recommend corrective actions.
- Reconcile project costs with general ledger accounts and ensure data accuracy across financial systems.
- Monitor project change orders, ensuring accurate documentation, pricing, and budget adjustments.
- Assist in preparing Work-in-Progress (WIP) schedules and monthly financial statements.
- Support internal and external audits with detailed cost documentation and reconciliations.
- Continuously evaluate and improve cost tracking methods, accounting processes, and financial controls.
- Maintain accurate records of purchasing, vendor contracts, and committed costs related to each project.
QUALIFICATIONS
- Bachelor’s degree in Accounting, Finance, or related field required.
- 3+ years of cost accounting experience, preferably in the construction or electrical contracting industry.
- Strong understanding of construction job cost accounting, WIP schedules, and percentage-of-completion revenue recognition.
- Proficiency in accounting software such as CMIC, Viewpoint Vista, Sage 300 Construction & Real Estate (Timberline), or similar platforms.
- Advanced Excel skills with the ability to create and interpret complex spreadsheets.
- Excellent attention to detail, organization, and problem-solving abilities.
- Strong communication skills with the ability to explain financial information to non-financial team members.
- CPA or CMA certification is a plus but not required.
