Accountant-Construction

## Description Position Summary The Project Accountant is responsible for the financial tracking, reporting, and analysis of construction projects, focusing on ensuring accurate job costing, revenue recognition, and financial controls. This role supports project managers and senior leadership by delivering timely financial insights that enhance project profitability and operational decision-making. ## Key Responsibilities 1. Project Financial Management Prepare, maintain, and review job cost reports for projects, ensuring accuracy and completeness. Track labor, materials, equipment, subcontractor costs, and overhead allocation to specific projects (if required). Monitor project budgets vs. actuals; identify variances and escalate issues to management: Confirm all milestones are fully completed with Project managers Prepare and Submit Owner draw Package Ensure owner disbursements align with completed milestones by reviewing all draw requests and disbursement activity for accuracy and compliance Verify compliance with financial and contractual regulations Assist in developing and maintaining cost-to-complete estimates throughout project lifecycle. Ensure proper classification and coding of all project transactions. 2. Billing & Revenue Recognition Prepare project billings in accordance with contract terms (progress billing, milestone billing, retainage). Review and reconcile contracts, change orders, and approved extras prior to billing. Coordinate with project managers and estimators to confirm milestone completion and billing accuracy. Recognize revenue based on percentage of completion or other acceptable methods following accounting standards. 3. Accounts Receivable & Collections Monitor accounts receivable related to project invoices; follow up on past-due balances: Track and collect receivables to ensure timely cash inflow and accurately post and verify all customer payments Work with project managers and clients to resolve billing disputes: Reconcile the AR led