Project Accountant

Overview:
The Project Accountant will provide accounting and project management support for the Construction and Development teams from initiation through completion. The ideal candidate will play a critical role in ensuring accurate cost tracking, compliance with internal controls, and timely reporting to support project management and senior leadership. The position requires strong analytical skills, excellent communication, and the ability to thrive in a fast-paced, deadline-driven environment.

The ideal candidate will be highly organized and detail-oriented.

Responsibilities:

Manage AIA billing processes in collaboration with the construction team

Set up and track project costs across multiple entities and job phases, ensuring alignment with approved budgets and contracts

Monitor project budgets, forecasts, commitments, and actual costs

Coordinate with construction and development teams to ensure timely approval of payables and contracts within the accounting system

Prepare and analyze monthly job cost reports and variance analyses for project managers

Monitor project costs, profitability, and financial performance, providing insights and recommendations to senior management

Prepare and submit monthly lender draw packages, including supporting schedules and backup documentation

Track Lender Draw funding timelines; ensure timely receipt of funds and distribution to vendors

Review and process all project vendor invoices; verify proper coding, supporting documentation, contract compliance, and lien waiver submissions

Review and approve project budgets, change orders, and financial forecasts

Maintain all project vendor contacts and payment instructions in accounting system

Support month-end close, including journal entries, project related accruals, and bank reconciliations

Support the preparation of WIP schedules, loan reconciliations and amortization schedules, and development reporting packages

Maintain and make recommendations for improvements to internal controls to safeguard company assets and ensure compliance with financial regulations and company policies

Assist in the administrative, organizational, or ad hoc duties as they relate to the construction and development team as needed

Requirements:

Bachelor's degree in Accounting, Finance, or a related field3-5+ years of relevant experience in project accounting within real estate development and/or construction environments

Strong understanding of construction accounting principles, including job costing, percentage-of-completion revenue recognition, AIA billing, and the development draw process

Proficiency with Yardi Voyager; experience with Yardi Job Cost module is highly preferred

Familiarity with construction contracts and loan funding processes

Ability to manage multiple complex projects simultaneously under tight deadlines

Strong attention to detail and problem-solving skills

Proactive mindset with the ability to anticipate issues and drive resolution independently

Competencies:

Exceptional analytical skills with the ability to interpret complex financial data and provide actionable insights

Strong communication and interpersonal skills, with the ability to collaborate effectively across departments

High level of integrity, with a commitment to ethical financial practices