Construction Project Accountant

Job Description

Job Description

Construction Project Accountant

Principal Duties and Responsibilities:

1. Project Cost Setup and Budget Management:
• Set up projects to separate costs by accounting category, such as Site, Building/Shell, and Interior.
• Establish and document all budget and cost analysis procedures.
• Ensure budgets are accurately entered into the MRI system and aligned with project plans and cost codes.
• Enter approved revisions and budget reallocations as needed.
2. Cost Oversight and Analysis:
• Review and approve Purchase Orders (POs), Change Orders (COs), and Contracts for coding accuracy, adherence to project budgets, and alignment with project scope.
• Work closely with cost segregation team to ensure compliance and proper coding for book and tax purposes.
• Participate in PO and CO review with senior management.
• Perform variance analyses, highlighting discrepancies between actual and budgeted costs, and collaborate with construction teams to resolve issues.
3. Job Cost Monitoring and Reporting:
• Maintain detailed job cost ledgers and monitor expenditures against budgets throughout the project lifecycle.
• Prepare and distribute job cost reports and project financial summaries to project stakeholders.
4. Billing and Revenue Tracking:
• Prepare and manage tenant billables, deposits, and extra work requests with project managers.
• Collaborate with the Billing Department to ensure timely and accurate invoicing for project-related costs.
• Monitor lien waivers and conditional/unconditional releases to ensure compliance with contractual requirements.
5. Internal Collaboration and Support:
• Attend construction job meetings to stay informed on project progress, budgets, and potential financial risks.
• Support project managers in understanding financial implications of project decisions and adjustments.
6. Audit Support and Compliance:
• Prepare and organize detailed documentation for internal and external audits.
• Ensure compliance with corporate accounting policies, construction agreements, and regulatory requirements.
7. Other Responsibilities:
• Assist in the reconciliation and closure of completed projects, ensuring proper allocation of remaining balances.

Knowledge, Skills, and Abilities:

• Experience: Minimum of 5 years in construction accounting, with strong experience in project-level cost tracking and analysis.
• Education: Associate degree in accounting required; bachelor’s degree preferred.
• Technical Skills: Proficiency in construction accounting software (e.g., MRI, Procore) and advanced Excel skills.
• Interpersonal Skills: Strong organizational, communication, and analytical abilities, with a collaborative mindset for working closely with project managers and executive teams.
• Detail Orientation: High attention to detail and ability to manage multiple projects, ensuring deadlines and accuracy are met.