Job Cost Accountant

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.