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Project Accountant

Job in Chicago, Cook County, Illinois, 60290, USA
Listing for: Talentify
Full Time position
Listed on 2026-10-03
Job specializations:
  • Accounting
    Financial Analyst, Financial Reporting, Cost Accountant
Job Description & How to Apply Below
Job Title:

Project Accountant

Job Description

The Project Accountant supports full-cycle cost management for large, complex commercial construction projects, with a strong focus on transactional finance, audit activities, and change order administration. This role helps maintain robust cost controls from project concept through completion, ensures accurate financial reporting, and partners closely with project teams to manage the financial aspects of construction activities and subcontractor compliance.

Responsibilities
  • Support full-cycle cost management for large construction projects, establishing and maintaining strong cost controls from initial concept through project completion.
  • Facilitate the use of the subcontractor change management system, ensuring responsible parties respond in a timely manner and performing completeness reviews on all submissions.
  • Process change orders in the system of record, maintaining high standards of timeliness, accuracy, and completeness throughout the entire change order lifecycle.
  • Assist with audit and transactional finance support activities, focusing on the detailed, behind-the-scenes accounting work required at construction project sites.
  • Support the preparation and presentation of monthly cost reports and risk assessments to internal and external stakeholders, highlighting key variances, emerging risks, and recommended mitigation actions.
  • Contribute clear financial content and data-driven insights to monthly stakeholder meetings and formal presentations, providing expert commentary on project cost performance.
  • Review and interpret contractual terms to recommend entitlements related to change orders, claims, and other commercial matters, helping protect the project’s financial position.
  • Coordinate directly with client finance and accounting teams to ensure accurate reporting, alignment on financial data, and full compliance with established financial controls.
  • Analyze and report on local labor markets, union implications, commodity price fluctuations, and tax impacts to inform project cost strategies and budget updates.
  • Assist in resolving invoice and change order discrepancies, addressing payment-related issues, and ensuring that subcontractors and vendors are paid accurately and on time.
  • Partner with the Project Cost Manager, who focuses on risk assessment and forecasting, by providing reliable transactional data and supporting the financial management of change orders and subcontractor compliance.
Essential Skills
  • Bachelor’s degree in Accounting, Finance, Construction Management, Quantity Surveying, Engineering, or a related field.
  • Minimum of 1 year of project accounting or finance experience in the construction industry.
  • Minimum of 1–3 years of experience in a project management, cost management, or accounting role within the commercial construction industry.
  • Thorough understanding of construction accounting principles and practices.
  • Hands-on experience with the entire change order lifecycle, including initiation, review, processing, and closeout.
  • Proficiency in construction management software such as Procore or Autodesk Construction Cloud.
  • Experience in project accounting within a construction environment, including reconciliation and data entry.
  • Ability to interpret and apply contractual terms to change orders, claims, and other commercial matters.
  • Strong analytical skills to assess labor markets, union impacts, commodity fluctuations, and tax considerations as they relate to project costs.
Additional

Skills & Qualifications
  • Experience working on large-scale commercial construction projects with multiple buildings and long construction timelines.
  • Comfort working in a highly transactional accounting environment, with a focus on audits, change orders, and…
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