Mortenson Construction

Project Operations Accountant

Mortenson Construction$72K — $109K *
Real Estate & Construction
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, or business administration, or equivalent experience in project accounting.
  • Detail-oriented with strong organizational skills for managing multiple projects simultaneously.
  • Familiarity with construction contracts and percentage of completion accounting is beneficial.
  • Minimum of 3 years accounting experience with a focus on construction accounting is preferred.
  • Experience supporting various team members is an asset.
  • Proficient in Microsoft Excel and ERP accounting applications such as Textura and Oracle.
  • Excellent communication skills, both written and verbal.

Responsibilities

  • Review contract requirements and perform budget allocations for assigned projects.
  • Process receivables to maintain positive project cash flow and ensure timely payment receipt.
  • Manage payables with knowledge of sales and use tax, including subcontractor applications and cost processing.
  • Conduct detailed project cost analyses and prepare monthly financial projections.
  • Track labor cost components specific to project locations, including regulatory compliance.
  • Provide support for project audits and assist with annual physical inventory procedures.
  • Perform additional duties as assigned.

Benefits

  • Comprehensive medical and prescription drug plans including vision coverage at no extra cost.
  • Competitive dental plan.
  • 401k retirement plan with a generous employer match.
  • Paid time off, holidays, and additional paid leaves.
  • Employer-paid life, AD&D, and disability insurance.
  • Free mental health tool and work-life resources.
  • Tuition reimbursement program.
  • Adoption assistance available.
  • Discounts on gym memberships.
Full Job Description
Job Description

SUMMARY

Mortenson's Federal Contracting Operating Group is currently seeking a Project Operations Accountant that will provide accounting, analysis, and financial support to one or more teams overseeing the completion of a construction project. This individual will serve as the key liaison from the Finance and Accounting department to the project team.

RESPONSIBILITIES
  • Review construction contract requirements for assigned projects, utilize contract summaries for daily work, and perform budget allocations as required. Assist with various contract requirements, such as certified payroll reporting, minority participation reporting, and maintaining project insurance. Track subcontractor lien waivers if necessary.
  • Process receivables to ensure favorable project cash flow, prepare cost-plus project billings, respond to customer or project manager inquiries, ensure cash receipts are posted correctly, and work with the project team to assure timely payment receipt. May prepare and enter lump sum billings into the system.
  • Process payables with an understanding of sales and use tax requirements, provide new vendor setup information, coordinate payments and daily issuances, set up new subcontracts, process subcontractor applications, review equipment pre-bill reports, and ensure all project costs are processed.
  • Conduct project cost analyses and reporting for the project team and Manager/Supervisor of Project Finance Operations prepare specialized reporting for assigned projects, assist with monthly financial projections, and identify any issues impacting project costs.
  • Understand labor cost components in the project's geographic area, including union agreements, benefit programs, and prevailing wage requirements. Ensure new craft labor team members are in the system, maintain team member files, capture and report hours weekly, and review certified payroll reports for accuracy.
  • Answer general questions on Procore system, represent Mortenson's best interests with project auditors, assist with annual and special audits, and support annual physical inventory procedures.
  • Perform all other duties as assigned.


QUALIFICATIONS
  • Bachelor's degree in accounting, finance or business administration or relevant years of experience in project accounting
  • Detail orientation and organizational skills sufficient to support multiple concurrent projects
  • Construction-related business exposure helpful; especially knowledge of percentage of completion accounting and construction contracts
  • Qualified candidates will have a minimum of 3 years accounting experience, preferably with construction accounting
  • Experienced supporting many team members
  • Proficiency working in Microsoft Excel, as well as experience with ERP accounting applications like Textura and Oracle
  • Strong working knowledge of basic office equipment
  • Strong communication skills both written and verbal
  • Ability to be highly organized


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 $72,900 - $109,400. (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%).

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. This position is eligible for Mortenson's incentive plan.

#LI-BS1 #LI-hybrid

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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