Construction Accountant

Job Description

The Construction Accountant is responsible for all accounting activities related to residential and commercial renovation and development projects. This role includes construction loan requisitions, job costing, AIA billing, construction draw preparation and reconciliation, budget tracking, subcontractor payment processing, and preparation of quarterly and annual financial reports and work papers in accordance with GAAP and IFRS. This is a hands‑on individual contributor role responsible for ensuring all construction‑related financial activity is accurately recorded, reconciled, and reported.

• Manage the full cycle job costing across all active construction projects, including cost coding, budget allocation, and variance tracking
• Prepare and process AIA billing documentation (G702/G703) for development projects
• Prepare construction draw packages for lender submission, including supporting schedules, invoices, and lien waivers
• Reconcile construction draws against project budgets, loan advances, and general ledger entries
• Track and reconcile retention payable and receivable across active projects
• Process subcontractor and vendor payments, including verification of insurance, lien waivers, and contract compliance
• Maintain budget‑to‑actual reporting at the project level and identify cost variances
• Partner with internal teams to monitor redevelopment and new project progress
• Support the timely capitalization and placement into service of completed projects

• Liaison with Property Accounting Team to facilitate construction‑related journal entries, including accruals, reclassifications, and intercompany entries
• Support monthly and quarterly close processes for entities with construction activities
• Ensure all transactions are recorded in accordance with company accounting policies, procedures, and close timelines
• Prepare recurring and ad‑hoc reports related to project and capital activity
• Assist with accounting support for acquisitions, dispositions, leasing activity, and quarterly close processes

• Work within Yardi Job Cost and Construction Manager to maintain accurate project cost coding and reporting
• Support construction draw processing SOPs and continuous workflow improvements
• Assist with system clean‑up, data validation, and maintenance of construction‑related accounts
• Identify opportunities to improve accounting processes, workflows, and reporting efficiency

• Serve as a key accounting contact for construction and development‑related inquiries
• Coordinate with project managers, development teams, lenders, contractors, and internal stakeholders
• Communicate proactively regarding cost overruns, draw discrepancies, and process gaps
• Escalate unusual transactions or accounting issues appropriately
• Contribute to broader portfolio‑wide capital initiative oversight efforts
• Support special projects assigned by management

Success is measured by draw accuracy, general ledger integrity, close timeliness, and proactive communication regarding project cost variances.

The role is intended to be a long‑term position supporting the continued growth of the construction and development pipeline.

• 5+ years of accounting experience, including 2–4+ years in construction accounting (real estate development or general contractor environment preferred)
• Hands‑on experience with AIA billing (G702/G703), construction draw processing, and job costing
• Familiarity with retention tracking, lien waiver processing, and subcontractor payment workflows
• Experience in a multi‑entity or multi‑project environment preferred
• Strong attention to detail, organization, and execution
• Ability to work independently while collaborating closely with accounting leadership
• ERP experience required;
  Yardi Job Cost and Construction Manager strongly preferred
• Experience with Sage 300 CRE, Procore, or Net Suite is a plus
• CPA

At Morguard, our employees are our greatest investment. We make people our priority and strive to create a culture of respect, health and safety, and equal opportunity to support employees to meet their…