Project Accounting Spec II

Responsibilities

• Maintain accurate job cost records by phase and cost code for labor, materials, equipment, and subcontractors.
• Review and post job cost transactions from AP, payroll, and equipment systems.
• Investigate and resolve job cost discrepancies or miscodings.
• Monitor forecasts vs. actual costs and flag potential overruns.
• Prepare monthly project billings in accordance with contract terms.
• Calculate retainage on billings and track retainage held and released.
• Support revenue recognition using percentage-of-completion.
• Reconcile billed-to-date amounts with job cost and project status reports.
• Prepare recurring and project-specific journal entries.
• Maintain audit support schedules for projects.

Qualifications

• Education: Associate or bachelor’s degree in accounting, Finance, Construction Management, or related field.
• Experience: 2–5 years of accounting experience, preferably in construction or project-based accounting.
• Technical Skills: Proficient in Excel (SUMIFS, XLOOKUP, IF statements, PivotTables).
• Experience: Understanding of percentage-of-completion revenue recognition.