Project Accounting Spec II

Job description

The Project Accounting Specialist supports construction project financials by maintaining accurate job cost records, preparing billing, and ensuring compliance with contract terms and company accounting policies. This role works closely with Project Managers, Superintendents, AP/AR teams, and Project Accounting Management to ensure timely and accurate financial reporting throughout the life of a construction project Job Cost Accounting: Maintain accurate job cost records by phase and cost code for labor, materials, equipment, and subcontractors. Review and post job cost transactions from AP, payroll, and equipment systems. Investigate and resolve job cost discrepancies or miscoding's. Monitor forecasts vs. actual costs and flag potential overruns. Billing & Revenue Support: Prepare monthly project billings in accordance with contract terms Calculate retainage on billings and track retainage held and released. Support revenue recognition using percentage-of-completion: Reconcile billed-to-date amounts with job cost and project status reports. Support monthly close by validating job cost postings and accruals. Prepare recurring and project-specific journal entries. Reconcile job cost...