Construction Project Accountant Principal Duties and Responsibilities: • Project Cost Setup and Budget Management: • Set up projects to separate costs by accounting category, such as Site, Building/Shell, and Interior. • Establish and document all budget and cost analysis procedures. • Ensure budgets are accurately entered into the MRI system and aligned with project plans and cost codes. • Enter approved revisions and budget reallocations as needed. • Cost Oversight and Analysis: • Review and approve Purchase Orders (POs), Change Orders (COs), and Contracts for coding accuracy, adherence to project budgets, and alignment with project scope. • Work closely with cost segregation team to ensure compliance and proper coding for book and tax purposes. • Participate in PO and CO review with senior management. • Perform variance analyses, highlighting discrepancies between actual and budgeted costs, and collaborate with construction teams to resolve issues. • Job Cost Monitoring and Reporting: • Maintain detailed job cost ledgers and monitor expenditures against budgets throughout the project lifecycle. • Prepare and distribute job cost reports and project financial summaries to project stakeholders. • Billing and Revenue Tracking: • Prepare and manage tenant billables, deposits, and extra work requests with project managers. • Collaborate with the Billing Department to ensure timely and accurate invoicing for project-related costs. • Monitor lien waivers and conditional/unconditional releases to ensure compliance with contractual requirements. • Internal Collaboration and Support: • Attend construction job meetings to stay informed on project progress, budgets, and potential financial risks. • Support project managers in understanding financial implications of project decisions and adjustments. • Audit Support and Compliance: • Prepare and organize detailed documentation for internal and external audits. • Ensure compliance with corporate accounting policies, construction agreements, and regulatory requirements. • Other Responsibilities: • Assist in the reconciliation and closure of completed projects, ensuring proper allocation of remaining balances. Knowledge, Skills, and Abilities: • Experience: Minimum of 5 years in construction accounting, with strong experience in project-level cost tracking and analysis. • Education: Associate degree in accounting required; bachelor’s degree preferred. • Technical Skills: Proficiency in construction accounting software (e.g., MRI, Procore) and advanced Excel skills. • Interpersonal Skills: Strong organizational, communication, and analytical abilities, with a collaborative mindset for working closely with project managers and executive teams. • Detail Orientation: High attention to detail and ability to manage multiple projects, ensuring deadlines and accuracy are met.