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Job Cost Accountant

Job Cost Accountant

Magic Valley ElectricTwin Falls, ID, US
30+ days ago
Job type
  • Full-time
  • Quick Apply
Job description

ONE TEAM.

ONE DREAM.

About us :

  • Here at Magic Valley Electric we have a true passion for providing an honest and helpful work environment where every employee can commit themselves to giving our customers exceptional workmanship, extraordinary service, and professional integrity.
  • We keep on growing because we only hire the best, and our customers love us for it.
  • You’ve probably seen our trucks and our ads.
  • What you don’t know is what it’s like to be a part of a team like this.
  • How much you feel appreciated when you don’t cut corners.
  • How much we inspire ongoing training and education.
  • How much you can earn when you truly are the best.
  • People often come to us looking for a job.
  • They stay with us because they find a fulfilling career, room to grow, and opportunities to excel.

Benefits :

  • Company Paid Employee Medical Insurance Competitive Wages Dental & Vision Insurance Life Insurance 401(k) with a company 5% match Paid Vacation Paid Holidays Yearly Performance Based Bonus Future Advancement Opportunities Positive Team and Skill Enhancing Atmosphere Paid Training A family.
  • This is last on the list because it’s most important.
  • We care about our team and expect you to bring that same caring when you join.
  • We do a lot more than just work together.
  • You’ll come to love our company outings and you’ll build life-long friendships.

    • Job Description :

  • The Job Cost Accountant is responsible for accurate financial tracking and reporting of complex electrical projects using percentage of completion (POC) accounting.
  • Duties include managing project setups, contract administration, change orders, closeouts, and ensuring precise revenue recognition and cost control.

    • Essential Functions include but are not limited to :

  • Percentage of Completion (POC) Accounting : Prepare and analyze complex revenue recognition calculations using the POC method for all projects.
  • Ensure accurate deferral and recognition of revenue and costs per GAAP and company policies.
  • Manage and reconcile work-in-progress (WIP) schedules.

    • Project Setup & Closeout :

  • Set up new projects in the accounting system with appropriate cost codes, budgets, and billing terms.
  • Coordinate with project managers and operations for accurate project setups.
  • Perform financial closeouts for completed projects, including final cost reconciliation and revenue adjustments.

    • Contract & Change Order Management :

  • Manage financial aspects of project contracts, tracking terms, billing milestones, and retention.
  • Process and track financial impacts of change orders, ensuring proper documentation and accounting treatment.
  • Collaborate with project teams to ensure change orders are approved and accounted for correctly.

    • Subcontract Management :

  • Oversee financial tracking of subcontracts, processing invoices, managing payments, and ensuring compliance with subcontract terms.
  • Reconcile subcontractor billings with work performed and project progress.

    • Financial Analysis & Reporting :

  • Analyze project cost variances, profitability, and trends.
  • Prepare and distribute job cost reports, profitability analyses, and financial summaries for project managers and leadership.
  • Assist with budgeting and forecasting for project costs.

    • Process Improvement :

  • Identify and implement improvements in job costing and project accounting workflows to enhance efficiency, accuracy, and controls.
  • Ensure compliance with internal controls and support audit requests related to job costing.

    • Competencies :

  • Proven expertise in Percentage of Completion (POC) accounting.
  • Strong proficiency with accounting software / ERP systems (e.g., Vista, SAP, Oracle, MS Dynamics) with job costing modules and advanced Excel skills (VLOOKUPs, pivot tables, financial modeling).
  • Exceptional attention to detail with strong analytical and problem-solving skills.
  • Excellent verbal and written communication skills for collaboration with project teams and management.
  • Ability to handle administrative tasks.
  • Excellent organizational skills.
  • Strong data entry skills.
  • High degree of accuracy and attention to detail.
  • General math skills.

    • Physical Demands :

  • Prolonged periods of sitting at a desk and working on a computer.
  • Regularly required to talk, hear, read, write and communicate.

    • Company Core Values ATTITUDE :

  • Win the Day, Customer Focus, Commitment, Community Involvement  INTEGRITY : Have Heart, Say It Do It, Lead by Example, Stay Honest CHARACTER : Organization, Reliable, Professional, Personable VISION : Relentless Improvement, Innovation, Opportunity, Environment DETERMINATION :  Elite Work Ethic, Lead the Industry, Whatever It Takes, Get It Done SAFETY :  Starts with You, Respect the Unexpected, Extreme Accountability, Do What’s Right, Not What’s Easy If you want to be part of something bigger than just a job – make this career move and find exactly what you’re looking for.
  • You will work in a place where you will be appreciated by your team and customers, and where your work has a direct effect on the success of the company.
  • If this sounds like you, spend a little time learning about Magic Valley Electric by visiting www.electricteam.com.

    • When you're ready, please click on the Careers tab at the top of our homepage and select the posted application to apply for this position.

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