Key Responsibilities:
Financial Record Keeping: Maintain subcontractors/ labor contract management and up-to-date financial records for construction projects, including audit Purchase & store.
Budgeting and Cost Control: Prepare project budgets and monitor actual expenses to ensure projects remain within budget constraints. Identify cost-saving opportunities and recommend adjustments when necessary.
Invoice Processing: Review and process invoices related to construction projects, ensuring accurate coding and timely payments to vendors and subcontractors.
Financial Reporting: Prepare financial reports, including profit and loss statements, balance sheets, and cash flow statements, on a regular basis to provide project stakeholders with a clear financial overview.
Project Accounting: Allocate project costs to specific construction projects and maintain detailed project accounting records, including job costing and cost allocation.
Bank Reconciliation: Reconcile project-related bank accounts to ensure accuracy and completeness of financial transactions.
Tax Compliance: Ensure compliance with tax regulations related to the construction industry, such as sales tax, use tax, and withholding tax, and coordinate with tax professionals when necessary.
Audit Support: Assist with financial audits by providing necessary documentation, reconciliations, and explanations to auditors.
Contract Review: Review construction contracts and agreements to understand financial obligations, billing terms, and payment schedules.
Vendor and Subcontractor Management: Maintain positive relationships with vendors and subcontractors, resolve payment issues, and ensure compliance with contractual obligations.
Financial Analysis: Analyze financial data to identify trends, variances, and areas for improvement in financial performance.
Compliance: Stay updated with accounting standards, regulations, and industry-specific requirements related to construction accounting.