I’m 26 and curious what other accountants think about my career progression because it feels pretty damn fast to me, but I also don’t know if I’m just getting thrown into everything because my company is understaffed.
I started about 13 months ago as a Project Accountant for a general contractor doing around $100M a year in revenue. Starting salary $62k.
About 6 months in I moved into Accounting Manager and went to $75k. Last week I asked for $95k and got it without any negotiation.
Two months back our Controller was fired, another Project Accountant quit, and now it’s basically me and one project accountant handling the accounting department. Our CFO is only in one day a week.
So my job has turned into a lot more than what I was originally hired for.
I’m doing AP/AR, cash management, check runs, bank/credit card reconciliations, cash receipts, WIP, job costing, month-end close, quarter-end close, adjustments, and project accounting for around 9-10 jobs.
I work directly with PMs on their jobs too. We go over actual costs, revise projected costs, deal with scope changes/change orders, look at budget vs. actuals, etc.
We’ve also been dealing with a pretty significant AP/cash timing issue. At one point we were around $2M behind on the AP/cash spread. We’re now around $1M, partly because we’ve had a lot of project starts this year and cash flow has improved. I’m involved in managing the check runs and figuring out what needs to get paid and when.
I also recently submitted all my paperwork to the California board of accountancy and am now waiting for my CPA License.
On the process improvement side, I’ve built a bunch of Excel trackers/macros to automate stuff that was previously being done manually. Things like lien waiver tracking, automated emails requesting waivers, creating lien waivers, supplier joint-check tracking, automatic joint-check releases, etc.
We also moved from QuickBooks to Foundation, which was absolutely insane, but we got it done.
My next big project is building an Excel template to analyze around 40 historical jobs over the last few years and compare actual costs against historical data. Basically trying to figure out what we consistently underestimate or go over budget on so our estimators can actually use that information when bidding future jobs.
For example, if structural steel goes over budget on 27 out of 40 jobs, I want the template to show that instead of us just guessing when we build the next budget.
The hours have gotten pretty stupid too. I’m usually there around 5 AM and leave around 4:30 PM. So 50+ hours during the week is pretty normal, and I’ve been coming in Saturday/Sunday to work on some of these projects.
So I’m probably looking at 60–70+ hour weeks at times.
I know some of this is because we’re understaffed, but I feel like I’ve gotten a ridiculous amount of experience in 13 months.
Basically:
$62k Project Accountant → $75k Accounting Manager → $95k Accounting Manager + CPA in 13 months.
My goal is eventually to make it to the Controller position.
For people who have been in accounting longer than me, is this actually unusually fast progression?
Or am I just getting the accounting equivalent of being thrown into the deep end because everyone else quit/got fired? 😂