Job description
Position Summary
The Project Accountant will support project teams with timely, accurate and meaningful financial information. This individual will be responsible for preparation of monthly payment requests, coordination of all subcontractors change orders, payments, contracts and waivers/affidavits. Review project budget and cost for accuracy, analyze budget variances and potential fee changes and assist in positive cash flow while meeting accounting standards and best practices.
The Project Accountant will support project teams with timely, accurate and meaningful financial information. This individual will be responsible for preparation of monthly payment requests, coordination of all subcontractors change orders, payments, contracts and waivers/affidavits. Review project budget and cost for accuracy, analyze budget variances and potential fee changes and assist in positive cash flow while meeting accounting standards and best practices.
Responsibilities
- Effectively coordinate and communicate with the project team and review payables including subcontract, purchase agreement, contract documents and change orders.
- Initiate and follow up with appropriate parties to obtain project payout information (i.e. Title Company, Owner, Owner’s Rep, Architect), and collect the receivables.
- Set up contract and subcontractor groupings in CMIC from the budget report for preparation of sworn statements (AIA G703).
- Prepare project progress invoicing: lump sum, Gmax, Time and Material billings, etc. This includes transaction reports, cost reports, certified payroll reports.
- Prepare, review and distribute complete billing packages that include an invoice, sworn statement, waiver of lien, AIA G702/703 and any other necessary documents as dictated by the owner contract.
- Collect, review, and process subcontractor/supplier monthly project invoices. Need to ensure all invoices have been accrued properly and timely to the correct cost reports and phase codes.
- Prepare voucher slips, including cost codes, vendor numbers, net amounts etc. for CMIC entry.
- Post billings after final approval (Owner / Project Manager).
- Track insurance costs and submit to Accounting with monthly billings.
- Do follow up telephone calls to vendors and subcontractors as necessary.
- Collect, review, and distribute subcontractor waivers including subcontractor’s supporting waivers for payment.
- Handle all client and subcontractor communications in a professional and expedient manner.
- Manage project accounting for multiple projects.
- Various other duties as assigned pertaining to project accounting
Qualifications
- Bachelor’s degree in Accounting, Finance or a related degree or equivalent level of education combined with related industry experience.
- 4 years of experience or equivalent level of education combined with experience. Construction experience preferred
- Microsoft office skills required, strong technical aptitude and knowledge of construction/accounting-related software applications. CMiC & Procore experience preferred.
Skills, Abilities & Qualities
- Effective Communicator
- Strong attention to detail
- Results oriented
- Customer focused
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