Construction Project Accountant

Construction Project Accountant

Principal Duties and Responsibilities:

1. Project Cost Setup and Budget Management:
2. • 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.
3. Cost Oversight and Analysis:
4. • 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.
5. Job Cost Monitoring and Reporting:
6. • 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.
7. Billing and Revenue Tracking:
8. • 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.
9. Internal Collaboration and Support:
10. • 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.
11. Audit Support and Compliance:
12. • Prepare and organize detailed documentation for internal and external audits.
    • Ensure compliance with corporate accounting policies, construction agreements, and regulatory requirements.
13. Other Responsibilities:
14. • 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.