Senior Accounting Manager - Chicago - Power Construction

    Power Construction
    Power Construction Chicago

    2 days ago

    Description

    Overview

    Power Construction is consistently regarded as one of Chicago's largest and most respected General Contractors according to Crain's Chicago. We are builders who crave being in the field and value diverse perspectives to foster stronger outcomes. We are driven to wow our clients and business partners, improve our processes, hire the right people, and help them grow. Our culture is a key reason we've been selected as a top workplace year after year and is reflected in our 91% employee retention rate.

    Job Title: SENIOR ACCOUNTING MANAGER

    Position Summary

    The Senior Accounting Manager leads the Corporate Accounting department, overseeing financial reporting, month-end close, budgeting, internal controls, and treasury functions. Responsibilities include managing staff, ensuring audit readiness, guiding AR/AP processes, optimizing cash flow, and supporting accurate project accounting. The role drives operational integrity, compliance, and continuous improvement across all accounting activities.

    Major Responsibilities

    • Manage the Corporate Accounting department including overseeing core accounting functions and the career development of each member of the corporate accounting team.
    • Coordinate the month-end closing procedures and reports.
    • Prepare and review monthly reports and workpapers.
    • Prepare and review account analyses, such as burden and insurance.
    • Review AP, AR, cash, investments, and WIP reconciliations, amongst others.
    • Review trial balance.
    • Complete month-end checklist.
    • Prepare monthly financial statements.
    • Assist with financial statement analysis.
    • Oversee and assist with the preparation of the annual budget.
    • Review G&A transactions for possible General Ledger reclassification.
    • Review monthly G&A variance reports and communicate with department heads accordingly.
    • Understand and enhance internal controls and financial reporting processes.
    • Provide leadership and mentorship within the team.
    • Support compliance and audit readiness.
    • Manage exceptions within the PA function to ensure proper control of jobs is maintained.
    • Review aged AR for collection issues and communicate with operations as necessary.
    • Review aged AP and sub withheld to ensure resolution of issues and timely payment of subcontractors.
    • Review overbillings and underbillings to maximize overbilled positions and minimize risk.
    • Review completed jobs to ensure timely and efficient closure.
    • Review and assist with the accurate and timely completion of project startup.
    • Manage weekly cash flow procedures and reporting by coordinating cash outflow with cash received.
    • Review treasury function to maximize rate of return and manage liquidity.
    • Review and approve AP disbursement amounts.
    • Ensure payments are made on time.
    • Manage sales and use tax accruals and assist with project team inquiries.
    • Assist with completion of the 1099 process.
    • Prepare year-end personal auto information.
    • Assist with re-establishing beginning balances at the beginning of a new fiscal year.
    • Other duties as assigned.

    Position Requirements

    • Four-year accounting degree or equivalent combination of related experience and technical training
    • Certified Public Accountant required
    • Corporate accounting experience with a general contractor / construction manager / subcontractor is preferred

    Compensation Details

    Salary Range: $120,000-$140,000

    Compensation for this role includes a base salary plus an annual discretionary bonus. Details on our benefits can be found on the Benefits tab within the Careers section of the website.

    Power Construction is an equal opportunity employer. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, ancestry, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law. Power Construction is committed to increasing opportunities for historically disadvantaged workers, as well as residents of marginalized communities.


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