Project Accountant / Construction Accountant

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OnlyExperts

WebsiteLinkedInAll Job Openings

1 - 10 employees

💸 Finance

🎯 Recruiter

Finance • Recruitment

OnlyExperts is a company that specializes in providing offshore accounting experts at a significant cost saving compared to hiring locally in the U. S. They offer a wide range of accounting roles including bookkeepers, staff accountants, accounting managers, and payroll specialists, all pre-vetted by experienced CFOs and accounting leaders. OnlyExperts focuses solely on full-time offshore placements, primarily from the Philippines and Latin America, ensuring candidates with strong English and technical accounting skills who are familiar with U. S. GAAP. By charging a flat fee, the company helps organizations save up to 80% of the cost of hiring equivalent U. S. -based talent.

📋 Description

• Partner with the Project Coordinator to monitor budgets, commitments, and actual costs across all active real estate development projects. • Reconcile monthly progress billings submitted by the project team against expenses recorded in the general ledger, including invoices, physical check disbursements, and credit card transactions. • Track job cost allocations and ensure expenditures are coded accurately to the correct project, cost code, and cost type. • Prepare and maintain detailed project cost reports, forecasts, and variance analyses for project managers and senior leadership. • Monitor project budgets and flag potential overruns or discrepancies in a timely manner. • Produce comprehensive, project-level financial reports on a monthly basis, providing stakeholders with a clear view of each development project’s financial position. • Compare actual costs incurred to approved project budgets, identify and explain variances, and escalate material discrepancies to project management and senior leadership. • Identify and accrue for expenses that have been incurred but not yet invoiced, ensuring project financials reflect a complete and accurate picture at each reporting period. • Monitor overall project status, including percentage of completion, remaining budget, and projected cost-to-complete, and incorporate these metrics into regular reporting packages. • Track project invoicing activity and outstanding receivables, monitor collections on intercompany and third-party billings, and follow up on aged or unapplied items. • Maintain and distribute a project-level reporting dashboard or schedule that enables leadership to assess portfolio-wide financial health at a glance. • Assist in the preparation of project-specific financial summaries for lenders, investors, or partners as required. • Prepare and issue intercompany invoices (pay applications) between related entities in connection with development activity. • Ensure intercompany transactions are properly documented, approved, and eliminated in consolidated financial statements. • Coordinate with the accounts payable team to process vendor invoices and subcontractor pay applications accurately and on schedule. • Maintain intercompany transaction schedules and reconcile intercompany balances monthly. • Create, manage, and maintain Sales Orders in NetSuite for project-related billing activity. • Ensure accurate entry and workflow of project transactions within NetSuite, including purchase orders, bills, and journal entries. • Assist in the development and maintenance of NetSuite project accounting workflows, saved searches, and reporting. • Collaborate with the finance team on system improvements, integrations, or process enhancements within NetSuite. • Prepare monthly journal entries related to construction activity, including accruals, prepaid amortization, and capitalized costs. • Support the month-end and year-end close process by delivering timely, accurate project-level schedules and reconciliations. • Maintain organized, audit-ready workpapers and project accounting files. • Assist with annual audit preparation, including responding to auditor inquiries related to construction-in-progress and development costs. • Support preparation of lender draw requests and documentation packages as needed. • Serve as the primary accounting liaison to the project management and construction teams. • Communicate regularly with the Project Coordinator to align on project status, cost approvals, and billing milestones. • Interface with vendors, subcontractors, and related-entity finance teams to resolve billing discrepancies and outstanding items. • Provide financial data and ad hoc analysis to support project decision-making.

🎯 Requirements

• Bachelor’s degree in Accounting, Finance, or a closely related field. • 2–5+ years of accounting experience, with at least 1–2 years in construction, real estate development, or a project-based environment. • Solid understanding of GAAP and fundamental accounting principles. • Demonstrated experience with intercompany accounting and related-entity transactions. • Hands-on experience with NetSuite ERP, specifically including Sales Order creation and management. • Proficiency in Microsoft Excel (pivot tables, VLOOKUP/XLOOKUP, and reconciliation workflows). • Strong attention to detail and ability to manage multiple projects simultaneously under deadline pressure. • Excellent written and verbal communication skills, with the ability to translate financial data for non-financial stakeholders.