Construction Project Accountant

This is a fully remote position, open to applicants in New York.

📋 Description

• Oversee the setup of projects and ensure precise job cost accounting, budget management, forecasting, and variance analysis.

• Examine, categorize, and process contractor and vendor contracts and invoices using Yardi Construction Manager and P2P.

• Generate and assess monthly financial reports for projects and perform reconciliations, including multi-year cash flow forecasts.

• Reconcile project subledgers with the general ledger.

• Track project budgets, committed costs, actual expenses, and forecasts throughout the project lifecycle.

• Prepare construction draws as necessary and oversee cash balances and funding sources.

• Input and maintain jobs, contracts, change orders, and financial data related to projects in Yardi Construction Manager.

• Review contractor payment applications, including AIA G702/G703 or equivalent documentation.

• Prepare and reconcile construction loan draw packages, tracking lender/equity funding, sources, and uses.

• Manage project accounting closeout, which includes final cost reconciliation, contract/commitment closeout, retainage releases, CIP clearing, and transferring completed projects to fixed assets.

• Calculate or assist in the capitalization of eligible development costs, such as capitalized interest.

• Ensure proper controls are in place for change orders, budget revisions, and commitments.

• Collaborate with property managers, construction teams, asset managers, accounts payable, and accounting departments.

• Maintain project documentation, ensuring COI compliance and accurate lien waivers.

• Prepare year-end fixed asset schedules and materials for audit and tax support.

• Identify opportunities to enhance processes and improve system efficiencies.

⛳️ Requirements

• Bachelor’s degree in Accounting, Finance, or a related field.

• A minimum of 3 years of experience in construction or project accounting within a real estate organization.

• At least 2 years of recent hands-on experience with Yardi Construction Manager.

• Strong understanding of job cost accounting, change orders, construction contracts, and project budgeting principles.

• Experience with construction loan draws and CIP accounting.

• Proficient in advanced Excel functionalities.

• Excellent analytical, organizational, and problem-solving abilities.

• Outstanding communication skills and capability to manage multiple projects concurrently with precision.

🏝️ Benefits

• Fully remote position.

• Full-time employment.

• Operating during EST business hours.

• Direct reporting to the Controller.