Construction Project Accountant

Principal Duties And Responsibilities

• 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.
• Avoid entering budgets inaccurately into the MRI system and ensure they align with project plans and cost codes.
• Enter approved revisions and budget reallocations as needed.
• 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.

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.

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.

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.

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.

Other Responsibilities

• Assist in the reconciliation and closure of completed projects, ensuring proper allocation of remaining balances.

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.