Position Description: Perform, manage, and lead day-to-day accounting operations and generate financial reporting for construction projects guiding project teams for compliance with Turner financial policy and procedures. Maintain transparent communication of project financial health with Finance and project management teams.
Essential Duties & Key Responsibilities:
- Serve as primary point of contact for project Finance accounting questions and escalated issues, providing guidance and promoting best practices across project stakeholders.
- Follow company and Finance policies, procedures, financial system workflows, approvals, record retention processes, and know project codes.
- Mentor and guide Accounting team on Turner financial policies, project accounting procedures, and system workflows to support team development and operational consistency.
- Provide training and support to accounting staff using established training materials, resource guides, and on-the-job instruction.
- Provide timely and accurate deliverables for audit requests, pull back-ups, and organize documentation as directed.
- Collaborate with Shared Services Organization (SSO) on Accounts Receivable and Accounts Payable activities, provide timely communication, coordination, and feedback.
- Participate in continuous improvement reviews for project Accounting processes and activities focusing on reducing manual efforts, improving accuracy and timeliness of deliverables, and standardizing workflows, while incorporating Artificial Intelligence (AI) and other innovative technologies.
- Lead and manage implementation of finance procedures to ensure compliance with client contractual requirements for billing and accounts receivable across construction projects.
- Perform client contract analysis to determine billing deadlines, payments terms, billable and non- reimbursable expenses, agreements for insurance and fee billings along with approved billing rates for staff and/or trade labor.
- Regularly audit client billing and project ledger to ensure compliance with contract requirements, GAAP and company policy, and confirm that current billings align with cost reporting to support accuracy of project forecasts.
- Manage project cash position, including over/under billing, payment status, and profitability, while proactively identifying risks and coordinating with client finance teams, vendors, and project stakeholders.
- Conduct Accounts Payable analysis and review cost trends and accuracy of statements and ledgers for projects, and resolve risks, gaps, and inconsistencies to keep accounts up to date.
- Review and verify invoice coding and workflow approval for alignment with Finance policies, contract terms, and abide by established Signing Authority and Approval Matrix (SAAM) requirements.
- Monitor Work-in-Progress (WIP) schedules and assess percentage of completion for assigned projects aligned with GAAP and Turner financial policies. Analyze forecasted WIP against actual posted results. Collaborate with Operational team to identify and understand variances and report key insights to financial leadership.
- Analyze client billing line item budget-to-actual variances and identify cost exposures to support improvement of forecasting accuracy and compliance.
- Lead month-end close activities for assigned projects to generate owner invoice Ensure timely and accurate expense recognition for owner invoicing, including accrual support, journal entry preparation, and intercompany charge review.
- Manage accounting tasks in support of project year end activities (e.g., gross-up reports, reconciliation of accounts).
