Project Accountant

Project Accountant Overview

• The Project Accountant will oversee financial operations for large-scale commercial construction projects exceeding $100 million in value.
• Collaborate with project managers and accounting teams to ensure accurate financial reporting and compliance with contract requirements.
• Manage subcontractor billing processes, including AIA G702/G703 payment applications, retainage, and change orders.
• Ensure timely and accurate reconciliation of project financial records, identifying and resolving discrepancies proactively.
• Maintain detailed project cost reports, commitment logs, and billing records to support financial transparency.
• Administer owner and subcontractor change orders, ensuring approved changes are reflected in financial records.
• Utilize advanced construction accounting systems and tools to streamline financial operations and reporting.
• Work in a collaborative environment, engaging with estimating and field construction teams to achieve project goals.

Project Accountant Key Responsibilities & Duties

• Oversee daily accounting operations, including accounts payable, accounts receivable, payroll, and job costing.
• Monitor project costs, billings, commitments, and change orders, ensuring financial accuracy and compliance.
• Prepare and reconcile monthly owner requisitions and subcontractor payment applications.
• Track and administer change orders, ensuring accurate reflection in project financial records.
• Maintain detailed cost reports, commitment logs, and billing documentation for transparency.
• Identify and communicate potential financial risks and discrepancies to project leadership.
• Reconcile contract values, approved changes, commitments, and billings to ensure accuracy.
• Collaborate across departments to support financial and operational objectives.

Project Accountant Job Requirements

• Bachelor’s degree in Accounting, Finance, or related field is required.
• Minimum of 6 years of experience in construction accounting or project financial management.
• Proven expertise in managing large-scale commercial construction projects valued at $100 million or more.
• Proficiency in construction accounting systems like CMiC, ProContractor, or Procore preferred.
• Advanced Microsoft Excel skills, including PivotTables and financial modeling.
• Strong knowledge of construction job cost accounting and compliance documentation.
• Excellent communication, organizational, and problem-solving skills.
• Ability to work collaboratively across departments and field teams.