Audit Senior - Construction

About Grassi

After more than 40 years of business growth and industry change, Grassi has redefined what it means to be an advisor and accountant to today’s businesses and individuals. Nationally ranked as one of the largest and fastest‑growing accounting firms in the nation, Grassi is a leading provider of advisory, tax, and accounting services across key sectors including construction, architecture and engineering, not‑for‑profit, healthcare, manufacturing and distribution, financial services, real estate, and more.

Several publications have ranked us among the top accounting firms to work for, highlighting our strength in work‑life balance, culture, and wellness categories.

With over 550 employees and nine offices spanning the New York Metropolitan Area, Long Island, the Northeast, Florida, New England, and an international presence in Italy, we are strategically positioned to serve clients locally and globally. In 2023, Grassi became an employee‑owned company by implementing an ESOP, establishing our independence and empowering our people to drive the firm’s future success. The ESOP ensures that equity partners and all Grassi U.S. employees have the exclusive opportunity to own the firm’s stock, making them integral to the company’s future.

We are currently seeking a Construction Audit Senior Associate to join our team in any of the following office locations:
Jericho, NY;
New York, NY;
Park Ridge, NJ. This role offers an exciting opportunity to be part of a dynamic and growing firm.

• Lead audit engagements for construction and real estate development clients from planning through final deliverables, including risk assessment, fieldwork supervision, and wrap‑up procedures.
• Act as the primary client liaison throughout the audit process, addressing industry‑specific accounting and audit issues such as percentage‑of‑completion revenue recognition, job costing, and contract accounting.
• Supervise, train, and mentor staff and interns, review their audit work for accuracy and compliance, and provide timely, constructive feedback to support professional growth and technical development.
• Review audit work papers, financial statements, and disclosures to ensure compliance with U.S. GAAP, particularly ASC 606 (Revenue from Contracts with Customers), and industry‑specific best practices.
• Evaluate internal controls and operational processes related to project budgeting, change orders, subcontractor management, retainage, and construction‑in‑progress (CIP) tracking.
• Prepare and review complex sections of audit documentation, including work papers, job schedules, WIP (Work‑in‑Progress) reports, and financial statement disclosures.
• Perform and review substantive audit procedures over key construction‑related accounts, such as contract revenue, costs, WIP, billings, retainage, and long‑term liabilities.
• Research and resolve complex accounting and audit issues, including those related to joint ventures, bonding requirements, and long‑term contract accounting.
• Collaborate with managers and partners to tailor audit strategies to the client’s contract structures, project delivery methods (e.g., design‑build, CMAR), and financial reporting needs.
• Assist with performance evaluations and contribute to staff development and training initiatives within the audit team.
• Manage multiple engagements simultaneously while ensuring timely completion, adherence to budgets, and delivery of high‑quality audit results.
• Ensure compliance with professional standards, firm methodology, and industry‑specific regulations or bonding agency requirements.
• Provide insights and recommendations to clients for improving internal controls, reporting processes, and job costing practices to enhance financial performance and reporting accuracy.

• Bachelor’s degree in Accounting;
  Master’s Degree in Accounting preferred.
• Minimum of 3‑5 years of progressive audit experience; previous experience in public accounting required.
• CPA license preferred or actively pursuing CPA certification.
• Proven ability to supervise and lead staff while working collaboratively in a team environment.
• Willingness and ability to work additional…