Wright Construction Group · 4 hours ago
Accounting Manager
Texas, United States
Full-time
Onsite
Senior Level
5+ years expWright Construction Group is seeking an Accounting Manager to oversee key accounting functions and ensure compliance with GAAP and government contract regulations. The role involves managing revenue recognition, accounting policies, and financial reporting for construction and debris removal contracts.
Real Estate
Responsibilities
Develop, maintain, and enforce accounting policies and procedures to ensure compliance with GAAP and government contract regulations (e.g., FAR, DFARS). Oversee the General Ledger (GL) and Chart of Accounts (COA), ensuring all transactions related to government contracts are accurately classified and appropriately aligned with the company’s accounting structure
Lead the revenue recognition process for construction and debris removal contracts in accordance with ASC 606, ensuring accurate recognition of revenue based on project progress or contract terms. This includes managing the percentage-of-completion or completed contract methods for revenue recognition under both firm-fixed price and rate-based contracts
Oversee and manage the preparation of WIP schedule, ensuring that project costs are accurately accumulated, and revenue is recognized properly. Regularly review WIP and percentage-of-completion estimates for all ongoing projects
Ensure accurate and timely recording of depreciation and amortization for fixed assets and proper treatment of accruals for ongoing government projects, including any subcontractor-related liabilities. Manage the fixed asset depreciation schedules and ensure appropriate accounting for project-related accruals
Oversee the accurate allocation of labor costs, including employee benefits, to specific government contracts in line with FAR, contract terms and billing requirements. Ensure proper posting of payroll entries related to labor costs for government contracts, including labor burdens and fringe benefits
Manage the reconciliation of balance sheet accounts related to construction and debris removal projects, ensuring accuracy in project-related job costs, unbilled receivables, and advance billings. Investigate and resolve any variances promptly
Lead the month-end, quarter-end, and year-end close processes, ensuring timely and accurate financial reporting. Ensure proper period-end procedures are followed, including cutoff, accruals, and adjustments related to government contracts
Maintain and organize audit-ready documentation to ensure compliance with external and internal audits, including government audits. Coordinate and respond to inquiries from auditors regarding compliance with FAR, DFARS and other regulatory requirements. Ensure the timely submission of audit packages, cost reports, and other necessary documentation to federal, state, or local government auditors
Prepare and review GAAP-compliant financial statements, ensuring proper presentation and disclosure of financial information. This includes preparing consolidated financial statements, balance sheets, income statements, and cash flow statements for the company and its projects
Ensure timely and accurate preparation of sales and use tax filings, collaborating with the tax team to ensure compliance with all local, state, and federal regulations. Stay up-to-date on relevant changes in tax legislation affecting the construction industry
Work closely with external tax advisors to ensure the accurate and compliant reporting of tax-related items, including any tax implications related to revenue recognition, project costs, and intercompany transactions
Qualification
Required
Bachelor's degree in Accounting, Finance, or a related field (CPA or equivalent certification is required)
At least 5 years of progressive accounting experience, with a strong background in technical accounting, construction accounting, or project-based financial management
Experience with FAR, and DFARS
Federal contracts experience required
Deep knowledge of ASC 606, and construction-specific accounting standards, including revenue recognition, percentage-of-completion, and WIP reporting
Experience managing the accounting close process, including preparing financial statements and resolving complex accounting issues
Expertise in job costing, project accounting, and managing financial reporting for construction contracts
Expertise in accounting software (ERP systems like Microsoft Business Dynamics 365 or similar), and advanced Excel skills (pivot tables, financial modeling)
Strong ability to work cross-functionally with project management teams, tax advisors, and external auditors
Excellent communication and organizational skills, with the ability to communicate complex technical accounting issues to non-financial stakeholders
Preferred
Experience in a construction company or with contract-based industries within the government contracting space
Knowledge of specific government contract compliance areas such as prevailing wage laws
Familiarity with DCAA audits and government contract audits
CCIFP, CMA, CIA, CGFM Certifications
Company
Wright Construction Group
Wright Construction Group is a construction company specializing in general contracting services.
51-200 employees
Funding
Current Stage
Growth StageCompany data provided by crunchbase