Project Accounting Specialist 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 miscoding.
• Monitor forecasts versus 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.
• Serve as a financial contact for assigned projects.
• Ensure compliance with company policies, GAAP, and contract requirements.

• Associate or bachelor’s degree in accounting, finance, construction management, or related field.
• 2–5 years of accounting experience, preferably in construction or project-based accounting.
• Experience with job cost accounting and construction contracts strongly preferred.
• Proficient in Excel (SUMIFS, XLOOKUP, IF statements, Pivot Tables).
• Understanding of percentage-of-completion revenue recognition.

Demonstrates expertise in job cost accounting and financial management within construction projects, ensuring compliance with GAAP and contract requirements while effectively managing project billings and revenue recognition.

• Excel