Project Accountant Construction

Construction Project Accountant Position OverviewWe are a developer/GC who is building a luxury residential high rise in Stamfod. This Project Accountant will manage financial operations for multiple construction projects, ensuring accurate job costing, timely billing, and compliant financial reporting. This role owns Work-in-Progress (WIP) reporting, supports project managers with financial analysis, maintains project-level ledgers, and ensures adherence to accounting standards, contract terms and company controls.Key ResponsibilitiesPrepare and maintain detailed project accounting records, including job cost ledgers, cost-to-complete analyses, and variance explanations.Own Work-in-Progress (WIP) reporting and monthly WIP reconciliations; prepare WIP rollforwards and support percentage-of-completion calculations.Generate and process AIA billing, progress billing, retainage tracking and final billings in accordance with contract terms.Manage change order accounting and ensure timely recognition and documentation of approved changes.Prepare and review job cost reports to monitor labor, materials, subcontractor costs, equipment and overhead allocations.Reconcile subcontractor invoices, process 1099s, administer lien waivers and releases, and coordinate subcontractor management tasks.Process accounts payable and accounts receivable related to projects; post billings and collections and follow up on past due accounts.Perform month-end close for project accounts: post accruals, allocations, cost transfers and ensure GL reconciliation to project records.Support cash flow forecasting for active projects and assist with budget vs. actual forecasting and cost control initiatives.Prepare and deliver project financial reports and insights to project managers and executives; support internal and external audit requests.Maintain strong internal controls, ensure compliance with GAAP, contract administration requirements, prevailing wage and certified payroll where applicable.Operate and maintain project financials in ERP systems; import/export data, prepare backup schedules and support system implementations and upgrades.QualificationsBachelors degree in Accounting, Finance or related field, or equivalent experience; CPA or CMA preferred.Minimum 3-5 years of hands-on construction or project accounting experience (public works/prevailing wage experience a plus).Demonstrated expertise in Construction Accounting, Work-in-Progress (WIP) Reporting and Project Accounting.Proven experience with job costing, preparing job cost reports, AIA/progress billing, change order and retainage management.Strong knowledge of revenue recognition methods and percentage-of-completion accounting under GAAP.Experience with lien waivers and releases, 1099 processing, tax compliance and audit support.Proficiency with general ledger, accounts payable, accounts receivable processes and month-end close procedures.Advanced Excel skills (PivotTables, VLOOKUP, Power Query) and experience with ERP/financial systems such as Sage 300/Timberline, Viewpoint, QuickBooks, Oracle or SAP.Experience with construction-focused tools and reporting platforms such as Procore Financials, Microsoft Project and BI tools (Power BI, Tableau) is desirable.Familiarity with bonding and surety, certified payroll, cost code management, budgeting, forecasting and cash flow management.Strong analytical skills, attention to detail, excellent communication skills and the ability to collaborate across project teams.Ability to prioritize competing deadlines, manage multiple projects concurrently and support both field and office stakeholders.