Construction Accountant

Responsibilities:

• Manage and monitor all financial aspects of construction projects, including budgets, expenditures, and cash management.
• Track and record project-related costs, ensuring alignment with contract terms, construction industry standards and company policies.
• Review and process invoices from contractors and vendors, ensuring accuracy and completeness.

Job Costing:

• Prepare detailed job cost reports and analyze variances between actual and budgeted project costs.
• Allocate labor, materials, and equipment costs to respective projects and job phases.
• Ensure timely and accurate tracking of work-in-progress (WIP) schedules.

Financial Reporting:

• Prepare monthly, quarterly, and annual financial statements and reports.
• Collaborate with project managers to forecast cash flow.
• Prepare construction loans reporting packages and draw requisitions.
• Support the preparation of annual budgets.

Accounts Payable and Payroll:

• Handle accounts payable ensuring timely payments.
• Review, code and submit invoices for the approval to project managers.
• Prepare and oversee processing of projects’ payroll.

Compliance and Audit:

• Ensure compliance with the bank requirements, accounting standards, tax regulations, and contractual obligations.
• Assist in preparing for external audits, providing necessary documentation related to construction projects.
• Ensure adherence to local labor laws, union agreements, and prevailing wage requirements.

Qualifications:

• Bachelor’s degree in Accounting
• 3+ years of experience in construction accounting
• Proficiency with construction management software (e.g., Sage 300, Procore) would be a plus
• Strong understanding of job costing principles, WIP reporting, and contract administration.
• Excellent attention to detail and analytical skills.
• Ability to work under tight deadlines and manage multiple projects simultaneously.
• Team player with a strong work ethic and willing to work in the office as required (currently 4 days a week).