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MANAGER OF PROJECT FINANCE OPERATIONS

Employer
Mortenson
Location
Hennepin County, Minnesota, United States
Closing date
Feb 13, 2024

View more

Job Role
Manager
Sector
Finance
Contract Type
Permanent
Hours
Full Time
ABOUT MORTENSON

As a Top 25 builder, developer, and EPC, our expertise spans markets like sports, renewable energy, data centers, healthcare, and more. We are builders at heart, working to ensure the built environment has a lasting positive impact.
Let's Redefine Possible®

SUMMARY

Mortenson is looking to add a Project Finance Operations (PFO) Manager. This position is based in our Minneapolis HQ. This individual will be responsible for leading the Project Finance Operations Accountants with the support of Project Finance Operations Supervisors for multiple operating groups, managing relationships with key business stakeholders, and ensuring key project finance operations metrics are met and that all risk and issues are sufficiently mitigated.

RESPONSIBILITIES
  • Lead and develop a team of PFO Accountants and Supervisors who support the finance and accounting needs of multiple project teams managing multi-year construction projects ranging in size from $2M to $200M+
  • Understanding of scope and areas of work included within contracts, as well as other contractual requirements to advise PFO accountants and project teams on the best methods for project setup in the financial applications.
  • Oversee the preparation of monthly project billings, in accordance with contractual requirements for both cost based and fixed price contracts.
    • Ensure that all costs are billed on a timely basis.
    • Resolve customer or project team billing issues as they arise.
    • Assist group leadership in the timely collection of contract billings
    • Follow up with customer contacts as requested and monitor overall cash position of projects to ensure favorable cash flow
  • Gain an understanding of the components of labor cost in the geographic areas where the operating group's projects are located.
  • Oversee the timely processing of subcontractor and material supplier applications for payment.
    • Ensure that all project costs are processed accurately and timely
    • Understand the sales and use tax rules for jurisdictions where projects are located; working with corporate tax team to research tax implications when we are entering new operating geographies
  • Provide assistance to project teams in following various contractual requirements including, but not limited to, certified payroll reporting, minority participation reporting, owner-controlled insurance programs and specialized reporting for Federal government projects.
  • Assist the project managers and the PFO accountants in the preparation of monthly project financial projections.
  • Represent the best interests of the Company in working with project auditors; Assist as requested with annual and special audit situations
  • Active Participant in Group Financial Reviews
  • Other duties as assigned and requested by Operating Group leadership, Finance leadership, or Senior Leadership Team.
  • Effectively work and build relationships with those of diverse backgrounds and organizational levels.

QUALIFICATIONS
  • Bachelor's degree in Business or equivalent experience
  • Minimum seven years prior Finance experience
  • Experience with Microsoft Excel and ERP applications
  • Construction industry exposure is beneficial, not required
  • Seeking candidates with strong:
    • Strong project management capability​
    • Understanding of financial operations processes ​
    • High-level problem-solving ability​
    • Strong leadership, collaboration and relationship management skills​​
    • Excellent written and oral communication skills

Mortenson is an EOE/Affirmative Action/M/F/Veteran/Disabled employer.

Visa sponsorship is not available for the position.

#LI-BS1

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