Senior Construction Accountant - T5 Data Centers

Forever On! From the start in 2008, T5 has been focused on supporting enterprise and hyperscale customers with customized data center solutions. Today, we remain dedicated to an unrivaled level of quality that extends across the lifecycle of the core data center ranging from customized turnkey development, facilities management and data center operations to customized construction needs worldwide!

The world’s biggest companies trust T5 with their data center operations.

At T5, our success is fueled by our team. With over 400 engineers, technicians and professional staff, we’re proud to foster an inclusive culture of excellence and progression that’s dedicated to serving our customers.

• Commitment to Diversity & Military Veterans
• Battle-Tested Leadership Experience
• 100% Data Center Focused
• Owner-Operator Mindset

Position Purpose
We are seeking an experienced Senior Accountant with a strong background in construction accounting to oversee the day-to-day accounting operations related to construction projects. The ideal candidate will have a deep understanding of construction-specific accounting principles, such as percentage-of-completion (ASC 605-35), revenue recognition (ASC 606), job costing, retainage, and pay applications. Expertise in Coupa, NetSuite, and Procore is required. The role will focus on day-day as well as the month-end and year-end close processes, ensuring accurate reporting, compliance with industry standards, and efficient accounting operations for construction projects.

Responsibilities

• Daily Accounting Functions: Manage day-to-day accounting activities, including accounts payable, accounts receivable, payroll, and general ledger entries related to construction projects.
• Revenue Recognition & Job Costing: Apply ASC 606 (Revenue from Contracts with Customers) and ASC 605-35 (Construction-Type and Production-Type Contracts) to ensure accurate percentage-of-completion revenue recognition and job costing.
• Retainage & Pay Applications: Oversee the preparation and review of progress billings (pay applications), ensuring accurate tracking of retainage and compliance with contract terms for revenue recognition per ASC 606.
•  Contract Accounting: Ensure accurate tracking and accounting of project-related costs, including direct costs, subcontractor costs, and change orders.
• Month-End & Year-End Close: Lead the month-end and year-end close processes, ensuring accurate posting of financial transactions and reconciliation of accounts. Prepare financial statements in accordance with US GAAP
• Payroll Processing: Oversee payroll processing for construction. Ensure proper allocation of labor costs to individual projects and departments and union payments
• Software Proficiency: Use Coupa for procurement and expense management, NetSuite for accounting and financial reporting, and Procore for project-based job costing. Ensure seamless integration and accurate data flow between these platforms.
• Audit Preparation: Prepare necessary documentation and schedules for internal and external audits, ensuring compliance with all relevant accounting standards and regulations.
• Process Improvement: Identify and recommend improvements to accounting processes and systems to enhance efficiency, accuracy, and compliance within the construction accounting function.

Qualifications

• Experience: Minimum of 5years of accounting experience, with at least 3 years in the construction industry, including expertise in job costing, percentage-of-completion, retainage, and pay applications.
• Education: Bachelor’s degree in accounting.
• Certifications: CPA (or CPA track) preferred.
• Technical Expertise: Strong knowledge of ASC 606 (Revenue from Contracts with Customers) and ASC 605-35 (Construction-Type and Production-Type Contracts).
• Software Experience: Proficiency in Coupa, NetSuite, and Procore is good to have.
• Industry Knowledge: Solid understanding of construction accounting practices, including revenue recognition, job costing, progress billing, and retainage.
• Audit & Compliance: Experience preparing for and coordinating internal and external audits, ensuring adherence to GAAP and construction industry regulations.
• Advanced Excel Skills: Strong proficiency in Excel, including the use of pivot tables and V/H/X lookups.

KNOWLEDGE, SKILLS, ABILITIES, AND COMPETENCIES

• • Expertise in GAAP, IFRS, and regulatory compliance (e.g., tax laws, Sarbanes-Oxley).
  • Industry-specific practices, such as job costing and revenue recognition.
  • Financial management, including budgeting, forecasting, and cost analysis.
  • Understanding of international accounting practices and cross-border financial regulations.
  • Proficiency in accounting software (e.g., SAP, QuickBooks, Oracle).
  • Advanced Excel skills (e.g., pivot tables, macros, financial modeling).
  • Financial reporting, reconciliations, and data analysis.
  • Strong leadership and team management abilities.
  • Effective communication for presenting financial information to stakeholders.
  • Excellent problem-solving and decision-making skills.
  • Attention to detail and commitment to accuracy in financial work.
  • Adaptability to changing regulations, priorities, and cultural business environments.
  • Time management to meet strict deadlines for month-end/year-end close.
  • Strategic thinking and risk management to contribute to long-term goals.
  • Continuous learning to stay updated on accounting standards and industry trends.
  • Ability to navigate complex international transactions and compliance requirements.

T5 Data Centers is an equal opportunity employer that is committed to diversity and inclusion in the workplace. We prohibit discrimination and harassment of any kind based on race, color, sex, religion, sexual orientation, national origin, disability, genetic information, pregnancy, or any other protected characteristic as outlined by federal, state, or local laws.