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CFS
Construction Project Accountant
Career Insights for Construction Accountant
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Based on Colorado data
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What they do
A Construction Accountant prepares financial records and reports for a construction project or company. Maintains construction project budgets and manages financial transactions with contractors and subcontractors. Works with construction managers to track expenses and ensure compliance with accounting procedures. May review contractor bids and job cost estimates.
$79,478 / year median in Colorado
+7% projected growth
Job Description
Construction Project Accountant Join a well-established and growing construction organization known for delivering high-quality projects while fostering a collaborative, team-oriented culture. If you enjoy partnering with Project Managers, solving problems, and taking ownership of the financial side of complex construction projects, we'd love to talk with you. Project Accountant & Company Highlights Stable, growing company with an outstanding reputation Collaborative culture where Accounting and Operations work as one team Opportunity to support exciting commercial construction projects Competitive compensation and comprehensive benefits Career growth and advancement opportunities Leadership team that values your expertise and ideas Team-oriented environment where your contributions truly make an impact Project Accountant Key Responsibilities Manage the complete accounting lifecycle for multiple construction projects. Set up new jobs within the accounting system, ensuring proper coding, budgets, and contract documentation. The construction project accountant will review owner contracts for billing requirements, retainage, change order language, payment terms, and compliance obligations. Prepare, review, and submit owner billings including: Progress Billings Time & Materials (T&M) Cost Plus Percentage of Completion Prepare and manage pay applications in accordance with contractual requirements. Prepare, review, and maintain Schedules of Values (SOVs) throughout the project lifecycle. Maintain accurate Work-in-Progress (WIP) schedules, supporting month-end financial reporting and project forecasting. Monitor project budgets and perform detailed job costing analysis to identify cost variances and profitability trends. Review project costs, committed costs, subcontractor invoices, purchase orders, and change orders for accuracy. Work closely with Project Managers to monitor project financial performance, forecast costs, and maximize profitability. Project Accountant Qualifications Bachelor's degree in Accounting, Finance, or related field preferred, NOT required 3+ years of Construction Project Accounting experience within commercial construction or a related industry.