Mortenson Construction

Manager of Project Finance Operations

Mortenson Construction$118K — $178K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Business, Finance or Accounting, or equivalent experience
  • Minimum seven years prior Finance experience
  • Proficiency in Microsoft Excel and ERP applications
  • Construction industry exposure is a plus
  • Strong project management capability
  • Understanding of financial operations processes
  • Excellent written and oral communication skills

Responsibilities

  • Lead and develop a team of Project Finance Operations Accountants and Supervisors
  • Advise project teams on project setup in financial applications based on contractual requirements
  • Oversee preparation of monthly project billings
  • Ensure timely billing of all project costs
  • Resolve customer or project team billing issues
  • Assist in the timely collection of contract billings
  • Monitor overall cash position of projects to ensure favorable cash flow
  • Oversee the timely processing of subcontractor and supplier payments
  • Work with the corporate tax team to research sales and use tax implications
  • Assist project teams with various contractual reporting and requirements

Benefits

  • Medical and prescription drug plans with no-cost vision coverage
  • Dental plan
  • 401k retirement plan with a generous match
  • Paid time off and holidays
  • Employer paid life, AD&D, and disability insurance
  • No-cost mental health tool and concierge services
  • Tuition reimbursement
  • Adoption assistance
  • Gym membership discount program
Full Job Description
Job Description

SUMMARY

Mortenson is looking to add a Project Finance Operations (PFO) Manager for our Civil Operating Group. This individual will be responsible for leading the Project Finance Operations Accountants with the support of Project Finance Operations Supervisors for multiple operating groups, managing relationships with key business stakeholders, and ensuring key project finance operations metrics are met and that all risk and issues are sufficiently mitigated.

RESPONSIBILITIES
  • Lead and develop a team of PFO Accountants and Supervisors who support the finance and accounting needs of multiple project teams managing multi-year construction projects ranging in size from $2M to $200M+
  • Understanding of scope and areas of work included within contracts, as well as other contractual requirements to advise PFO accountants and project teams on the best methods for project setup in the financial applications.
  • Oversee the preparation of monthly project billings, in accordance with contractual requirements for both cost based and fixed price contracts.
  • Ensure that all costs are billed on a timely basis.
  • Resolve customer or project team billing issues as they arise.
  • Assist group leadership in the timely collection of contract billings
  • Follow up with customer contacts as requested and monitor overall cash position of projects to ensure favorable cash flow
  • Gain an understanding of the components of labor cost in the geographic areas where the operating group's projects are located.
  • Oversee the timely processing of subcontractor and material supplier applications for payment.
  • Ensure that all project costs are processed accurately and timely
  • Understand the sales and use tax rules for jurisdictions where projects are located; working with corporate tax team to research tax implications when we are entering new operating geographies
  • Provide assistance to project teams in following various contractual requirements including, but not limited to, certified payroll reporting, minority participation reporting, owner-controlled insurance programs and specialized reporting for Federal government projects.
  • Assist the project managers and the PFO accountants in the preparation of monthly project financial projections.
  • Represent the best interests of the Company in working with project auditors; Assist as requested with annual and special audit situations
  • Active Participant in Group Financial Reviews
  • Other duties as assigned and requested by Operating Group leadership, Finance leadership, or Senior Leadership Team.
  • Effectively work and build relationships with those of diverse backgrounds and organizational levels.


QUALIFICATIONS
  • Bachelor's degree in Business, Finance or Accounting or equivalent experience
  • Minimum seven years prior Finance experience
  • Experience with Microsoft Excel and ERP applications
  • Construction industry exposure is beneficial, not required
  • Seeking candidates with:
    • Strong project management capability
    • Understanding of financial operations processes
    • High-level problem-solving ability
    • Strong leadership, collaboration and relationship management skills
    • Excellent written and oral communication skills

A few benefits offered include:

(for Non-Craft & Non-Union Craft working 25+ hours / week)
  • Medical and prescription drug plans that includes no additional cost vision coverage
  • Dental plan
  • 401k retirement plan with a generous Mortenson match
  • Paid time off, holidays, and other paid leaves
  • Employer paid Life, AD&D, and disability insurance
  • No-Cost mental health tool and concierge with extensive work-life resources
  • Tuition reimbursement
  • Adoption Assistance
  • Gym Membership Discount Program


The base pay range for this role is $118,600 - $178,000. (Actual range is higher for the following office locations: Denver, CO and Chicago, IL - 5%, Seattle, WA, and Portland, OR - 10%, Washington, D.C. - 12.5%). This position is eligible for Mortenson's incentive plan.

Base pay is positioned within the range based on several factors including an individual's knowledge, skills, and experience, with consideration given to internal equity.

Please make note:
  • Visa sponsorship is not offered for this position.
  • Our postings are typically open a minimum of 5 days and an average of 44 days.

About Mortenson Construction

Mortenson Construction is a construction company that provides services in the areas of commercial, institutional, and energy construction. The company offers planning, design, and construction management services for various projects, including healthcare, education, sports, and entertainment facilities, as well as wind, solar, and hydroelectric power plants. Mortenson Construction serves clients in the public and private sectors, including federal, state, and local governments, as well as commercial and institutional clients. The company was founded in 1954 and is headquartered in Minneapolis, Minnesota.
Learn more about Mortenson Construction
Size
7,000 employees
Industry
Net Income
$200 million
5 Year Trend
+10%
Revenue
$5 billion

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