Our client, a national utility contractor, is experiencing rapid growth and is seeking to hire an Accounting Manager for their office in the DC/Baltimore area. The Accounting Manager will oversee the organization’s financial operations, ensuring accurate financial reporting, compliance with relevant regulations, and effective budget management. This role will involve analyzing financial data, providing insights for decision-making, and managing financial risks to support the company's overall financial health and growth.

Key Responsibilities

Accounting:

• Prepare month-end close
• GL and JC entries
• POC job cost accounting and revenue recognition
• Ensure accurate and timely month-end numbers are delivered

Financial Reporting & Analysis:

• Prepare monthly, quarterly, and annual financial statements, including profit and loss statements, balance sheets, and cash flow reports.
• Perform detailed variance analysis, comparing actual results with forecasts and budgets.
• Provide regular financial updates to senior management, highlighting key trends and areas of concern.
• Ensure accurate and timely financial reporting in compliance with GAAP (Generally Accepted Accounting Principles) and timely billing in accordance with the contract.
• Lead cost and general accounting, accounts receivable/collections, payroll, and risk management.

Budgeting & Forecasting:

• Lead the annual budgeting process for the division, collaborating with department heads to set financial goals.
• Develop and maintain rolling forecasts, revising them based on actual performance and updated business conditions.
• Monitor budget performance and provide recommendations for improvement.

Internal Controls & Compliance:

• Ensure strong internal controls are in place to safeguard company assets and maintain the integrity of financial data.
• Oversee compliance with internal financial policies, corporate accounting policies, and external regulatory requirements.
• Coordinate with internal and external auditors, providing necessary documentation and support during audits.

Cost Management & Profitability:

• Analyze division-level costs and identify opportunities to optimize expenses while maintaining operational efficiency.
• Support pricing strategies, cost allocation, and product margin analysis.
• Drive initiatives to improve profitability through cost reduction, process improvement, and revenue enhancement strategies.

Cash Flow & Working Capital Management:

• Monitor division cash flow and ensure adequate liquidity to support ongoing operations.
• Optimize working capital by managing accounts receivable, accounts payable, and inventory levels.

Strategic Planning:

• Partner with senior leadership to develop long-term financial strategies aligned with business objectives.
• Provide financial insights and recommendations to support strategic decision-making, business expansion, and new investments.

Team Leadership:

• Lead and mentor a team of finance professionals, providing guidance, training, and development opportunities.
• Foster a collaborative and results-driven culture within the finance department.
• Conduct ad hoc financial analysis as required.
• Other duties as assigned.

Key Qualifications

• Bachelor’s or Master’s degree in Accounting (CPA preferred)
• 7+ years of progressive experience in accounting or finance (some external audit experience preferred), including management experience, ideally within construction, industrial services, or utility services.
• Strong understanding of GAAP, budgeting, forecasting, and financial analysis.
• Proven leadership and impassioned team-building abilities.
• Excellent analytical, problem-solving, and communication skills.
• In-depth knowledge of US GAAP regulations (revenue recognition particularly percentage of completion accounting)
• Strong analytical and problem-solving skills with a keen eye for detail.
• Proficient in accounting software systems (Sage 300, Power BI)