**Project Accountant – Construction

(Full‑Cycle Accounting + Financial Statement Focus)**

Position Summary

The Project Accountant is responsible for full‑cycle accounting for assigned construction projects, with a strong emphasis on accurate financial statement preparation, WIP reporting, and job‑level financial analysis. This role manages the entire accounting life cycle—from initial project setup to closeout—ensuring proper revenue recognition, cost tracking, billing, and integration of project data into the company’s monthly, quarterly, and annual financial statements. The Project Accountant partners closely with project managers, operations, and the corporate accounting team to maintain financial accuracy and drive project profitability.

Key Responsibilities

Full‑Cycle Project Accounting

• Set up new projects, budgets, cost codes, and contract values in the accounting system.
• Manage the complete accounting cycle for each project, including AP, AR, job cost, GL entries, and reconciliations.
• Oversee project closeout, including final billings, retention release, cost reconciliations, and documentation.

Financial Statements & Month-End Close (Primary Focus)

• Prepare project-level financial reporting that supports the company’s consolidated income statement, balance sheet, and cash flow.
• Perform month-end closing activities for assigned projects: journal entries, accruals, revenue adjustments, cost reallocations, and reconciliations.
• Maintain and reconcile Work‑in‑Progress (WIP) schedules, including percentage-of-completion calculations and revenue recognition.
• Analyze project margins, variances, cost-to-complete, and financial impacts; communicate findings to accounting leadership.

Project Billing & Revenue

• Prepare monthly billings including AIA G702/G703 formats and owner/client-required documents.
• Monitor contract values, approved change orders, retention, and billing milestones to ensure accurate revenue reporting.
• Work with clients and PMs to resolve billing discrepancies and ensure timely payments.

Job Costing & Financial Controls

• Maintain accurate job cost reports, tracking committed costs, actual costs, labor, equipment, and subcontractor expenses.
• Audit and code vendor invoices, subcontractor pay applications, and expense transactions to correct cost codes and categories.
• Ensure compliance with internal controls, GAAP, company policies, and construction accounting best practices.

Subcontractor & Vendor Management

• Review subcontract pay applications for compliance, alignment with contract terms, and proper lien waivers.
• Track retention for subcontractors and vendors; coordinate releases during project closeout.
• Ensure proper collection and management of COIs, W‑9s, and compliance documentation.

Cross-Functional Collaboration

• Act as the financial partner to project managers, providing timely analytics and guidance on job performance.
• Collaborate with corporate accounting on financial statement preparation, audits, and process improvements.
• Support operations by providing accurate job cost and WIP data for planning and decision-making.

Qualifications

Education & Experience

• Bachelor’s degree in Accounting, Finance, or related field preferred.
• 3–5+ years of accounting experience; construction industry experience highly preferred.
• Strong understanding of financial statements, full‑cycle accounting, WIP, and percentage-of-completion revenue recognition.

Technical Skills

• Experience with construction/accounting systems (Sage 300 CRE, Viewpoint/Vista, Procore, CMiC, Spectrum, QuickBooks Contractor).
• Strong Excel skills including pivot tables, VLOOKUPs, and data analysis.
• Knowledge of AIA billing, job cost structures, and construction‑specific reporting.