Senior Project Accountant

Position Summary

Our company is a growing mid‑sized construction firm built on integrity, craftsmanship, and strong client relationships. As we continue to expand our project portfolio across Southeast Wisconsin, we are seeking a talented Senior Project Accountant to join our team and play a crucial role in supporting project financial operations.

The Senior Project Accountant is responsible for overseeing the financial health of multiple construction projects simultaneously. This role ensures accurate job cost reporting, supports project managers with timely financial insights, manages billing and contract compliance, and contributes to continuous improvement within the accounting function.

A major focus of this role is accurate financial reporting using the percentage‑of‑completion (POC) revenue recognition method, central to construction industry accounting. This includes monitoring project progress, validating job cost accuracy, and ensuring revenue, costs, and profitability are recognized in line with project performance.

• Oversee full-cycle project accounting for multiple concurrent construction projects.
• Manage revenue recognition and project profitability using the percentage‑of‑completion (POC) method.
• Monitor incurred costs, committed costs, and estimated costs to complete to ensure POC calculations remain accurate.
• Prepare, review, and analyze job cost reports; identify variances and collaborate with project managers to address issues.
• Maintain project budgets, forecasts, and cash flow analyses.
• Collaborate with project managers to validate accurate job progress and financial performance.
• Prepare and process monthly progress billings, including AIA format billings.
• Ensure billings align with POC revenue schedules and project progress.
• Review and verify subcontractor/vendor invoices for accuracy and compliance with contract terms.
• Track lien waivers, subcontract compliance documents, change orders, and insurance certificates.
• Prepare documentation supporting POC calculations, including cost‑to‑date summaries and projected cost analyses.

• Perform month-end close activities including accruals, journal entries, and reconciliations.
• Prepare monthly Work‑in‑Progress (WIP) reports, including POC revenue, over/under‑billing analysis, and gross margin reconciliation.
• Analyze revenue variances resulting from POC methodology and communicate insights to leadership.
• Provide timely project financial reporting to management.
• Partner closely with project managers, operations leaders, and external partners.
• Provide audit support by preparing schedules and documentation.
• Recommend and implement process improvements to enhance accounting efficiency and accuracy.
• Ensure adherence to GAAP, ASC 606, and internal accounting policies.

Required

• Bachelor’s degree in Accounting, Finance, or related field.
• 4+ years of accounting experience, with at least 2–3 years in construction project accounting.
• Strong understanding of percentage‑of‑completion accounting, job costing, WIP reporting, and construction revenue recognition standards.
• Proficiency with construction accounting software (e.g., Sage Intacct, Viewpoint, Foundation, Procore, or similar).
• Advanced Excel skills and strong analytical capabilities.

Preferred

• Experience with mid‑sized or self‑performing construction firms.
• CPA, CMA, or other relevant certification.
• Experience in a fast‑growing or multi‑project environment.