Project Accountant

JRM Construction Management, LLC

$100K — $120K *
Real Estate & Construction
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in accounting, finance, or a related field.
  • 5+ years of project accounting experience in construction, particularly for commercial or corporate interiors.
  • Familiarity with construction costs, purchase orders, and cost coding practices.
  • Understanding of various contract types such as GMP, Lump Sum, and Cost Plus.
  • Exceptional organizational skills with the ability to juggle multiple projects.
  • Proactive communicator with strong interpersonal abilities.
  • Strong attention to detail and analytical skills.

Responsibilities

  • Monitor project progress by reviewing subcontractor AIAs for accuracy.
  • Attend meetings with Owners and Architects to ensure accurate pay applications.
  • Coordinate and enter subcontractor invoices and payments into the system.
  • Process Accounts Payable for various project-related invoices.
  • Interpret client and subcontractor contracts including payment terms and insurance requirements.
  • Generate billings using Timberline and Excel, including preparation of necessary documentation.
  • Manage Accounts Receivable and resolve billing inquiries as needed.
  • Assist with cash flow tracking and forecasting for projects.
  • Analyze job costs and generate reports to aid project management.
  • Reconcile discrepancies in subcontractor statements.

Benefits

  • Hybrid working model offering flexibility.
  • Opportunity to work directly with project management and upper management.
  • Potential for involvement in diverse and high-profile projects.
  • Professional development opportunities within the construction field.
Full Job Description
Job Summary

A Project Accountant is responsible for all project accounting for jobs assigned, acting as liaison between accounting and project management ensuring accurate and consistent billing and financial reporting.

Responsibilities and Duties
  • Monitor project progress by processing & reviewing subcontractor AIAs with full understanding for accuracy.
  • When required, attend pencil meetings with Owner and Architect to ensure proper and accurate pay application per client contractual terms.
  • Coordinate subcontractor invoices and payments per contract terms and enter in the system.
  • Review and process Accounts Payable for General Conditions, General Requirement invoices in addition to Trade Work in Place.
  • Review and interpret client contracts, subcontractor documents, payment terms, Insurance, Bond requirements, Contingency, Fee calculations, New York City Subcontractor Lien Laws Notice to Owner, and Waiver Requirements.
  • Generate Billings, Timberline, and future ERP System generated billings and Multi Tab Excel billings. Prepare full backup requirements as requested by client and Contractual Agreement, IE Payroll, Labor, General Conditions, General Requirements, Technology Cost, Trade WIP, Materials Stored Cost and Conditional and Unconditional Waivers.
  • Review and process Accounts Receivable and respond to client & vendor billing inquiries.
  • Assist in monitoring cash flow and communicate with PM/PX on tracking Accounts Receivables.
  • Assist with Cashflow Forecast and Project Forecast for Finance Team.
  • Analyze projects; generate job costing reports to provide meaningful input to project teams.
  • Review of sub-contractors' statements and reconciliation of variances.


Qualifications and Skills
  • Bachelor's degree in accounting, Finance or Related field,
  • At least 5 years of prior relevant experience working in Project Accounting for a Construction company handling commercial and/or corporate interiors construction projects.
  • Commonly used concepts, functions, practices, and procedures within the construction field including cost coding and pricing, purchase orders, etc.
  • Clear understanding of contract types (Construction Manager as Agent, Guaranteed Maximum Price (GMP) Lump Sum, Cost Plus.
  • Exceptional organizational skills with ability to manage multiple construction projects and activities.
  • Must be proactive in communication with Upper Management, Project Team, and Subcontractors.
  • Strong attention to detail and well-developed analytical skills.
  • Ability to provide Unparallel Client Service and support to Project Team.


Computer Systems
  • Excellent computer literacy including experience with Microsoft Office product applications (ex. Excel, Word, Outlook, Power Point)
  • Strong Excel Skills (Xlookup's, Sumifs, Multi tab Excel Worksheets)


Salary Information
  • To the extent this position is performed in New York City, the annual salary offered for this role is $100,000 - 120,000.


#LI-Hybrid

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