Construction Project Accountant

Construction Project Accountant

Principal Duties and Responsibilities:

* Project Cost Setup and Budget Management:

* Set up projects to separate costs by accounting category, such as Site, Building/Shell, and Interior.

* Establish and document all budget and cost analysis procedures.

* Ensure budgets are accurately entered into the MRI system and aligned with project plans and cost codes.

* Enter approved revisions and budget reallocations as needed.

* Cost Oversight and Analysis:

* Review and approve Purchase Orders (POs), Change Orders (COs), and Contracts for coding accuracy, adherence to project budgets, and alignment with project scope.

* Work closely with cost segregation team to ensure compliance and proper coding for book and tax purposes.

* Participate in PO and CO review with senior management.

* Perform variance analyses, highlighting discrepancies between actual and budgeted costs, and collaborate with construction teams to resolve issues.

* Job Cost Monitoring and Reporting:

* Maintain detailed job cost ledgers and monitor expenditures against budgets throughout the project lifecycle.

* Prepare and distribute job cost reports and project financial summaries to project stakeholders.

* Billing and Revenue Tracking:

* Prepare and manage tenant billables, deposits, and extra work requests with project managers.

* Collaborate with the Billing Department to ensure timely and accurate invoicing for project-related costs.

* Monitor lien waivers and conditional/unconditional releases to ensure compliance with contractual requirements.

* Internal Collaboration and Support:

* Attend construction job meetings to stay informed on project progress, budgets, and potential financial risks.

* Support project managers in understanding financial implications of project decisions and adjustments.

* Audit Support and Compliance:

* Prepare and organize detailed documentation for internal and external audits.

* Ensure compliance with corporate accounting policies, construction agreements, and regulatory requirements.

* Other Responsibilities:

* Assist in the reconciliation and closure of completed projects, ensuring proper allocation of remaining balances.

Knowledge, Skills, and Abilities:

* Experience:

Minimum of 5 years in construction accounting, with strong experience in project-level cost tracking and analysis.

* Education:

Associate degree in accounting required; bachelor's degree preferred.

* Technical

Skills:

Proficiency in construction accounting software (e.g., MRI, Procore) and advanced Excel skills.

* Interpersonal

Skills:

Strong organizational, communication, and analytical abilities, with a collaborative mindset for working closely with project managers and executive teams.

* Detail Orientation:
High attention to detail and ability to manage multiple projects, ensuring deadlines and accuracy are met.