Job Description
Job Description
Job Description
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.
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