Project Accountant

The role

The Project Accountant is responsible for all project accounting for assigned jobs. This person acts as a liaison between accounting and project management to ensure accurate billing and financial reporting.

What you will do

• Monitor project progress by processing and reviewing subcontractor AIAs.
• Attend pencil meetings with Owner and Architect to ensure accurate pay application.
• Coordinate subcontractor invoices and payments per contract terms.
• Review and process Accounts Payable for General Conditions, General Requirement invoices and 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 W
• 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.
• Review and process Accounts Receivable and respond to client and 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.

Required qualifications

• 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
• Knowledge of 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
• 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
• 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)

About the company

JRM Construction is an employee-owned construction firm. The company provides an environment where employees can grow and help shape the company’s long-term success.