Construction Project Accountant

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.