Construction Accountant

Company DescriptionMorguard is a fully integrated real estate company. We strategically invest in high-quality, well-located, multifamily assets across North America and our onsite teams are critical to our Communities' success.

Job DescriptionThe Construction Accountant is responsible for all accounting activities related to residential and commercial renovation and development projects. This role includes construction loan requisitions, job costing, AIA billing, construction draw preparation and reconciliation, budget tracking, subcontractor payment processing, and preparation of quarterly and annual financial reports and work papers in accordance with GAAP and IFRS. This is a hands-on individual contributor role responsible for ensuring all construction-related financial activity is accurately recorded, reconciled, and reported.

Construction Accounting

• Manage the full cycle job costing across all active construction projects, including cost coding, budget allocation, and variance tracking
• Prepare and process AIA billing documentation (G702/G703) for development projects
• Prepare construction draw packages for lender submission, including supporting schedules, invoices, and lien waivers
• Reconcile construction draws against project budgets, loan advances, and general ledger entries
• Track and reconcile retention payable and receivable across active projects
• Process subcontractor and vendor payments, including verification of insurance, lien waivers, and contract compliance
• Maintain budget-to-actual reporting at the project level and identify cost variances
• Partner with internal teams to monitor redevelopment and new project progress
• Support the timely capitalization and placement into service of completed projectsGeneral Ledger & Financial Reporting
• Liaison with Property Accounting Team to facilitate construction-related journal entries, including accruals, reclassifications, and intercompany entries
• Support monthly and quarterly close processes for entities with construction activities
• Ensure all transactions are recorded in accordance with company accounting policies, procedures, and close timelines
• Prepare recurring and ad hoc reports related to project and capital activity
• Assist with accounting support for acquisitions, dispositions, leasing activity, and quarterly close processesSystems & Process Support
• Work within Yardi Job Cost and Construction Manager to maintain accurate project cost coding and reporting
• Support construction draw processing SOPs and continuous workflow improvements
• Assist with system clean-up, data validation, and maintenance of construction-related accounts
• Identify opportunities to improve accounting processes, workflows, and reporting efficiencyCollaboration & Communication
• Serve as a key accounting contact for construction and development-related inquiries
• Coordinate with project managers, development teams, lenders, contractors, and internal stakeholders
• Communicate proactively regarding cost overruns, draw discrepancies, and process gaps
• Escalate unusual transactions or accounting issues appropriately
• Contribute to broader portfolio-wide capital initiative oversight efforts
• Support special projects assigned by management
• Success is measured by draw accuracy, general ledger integrity, close timeliness, and proactive communication regarding project cost variances
• This role is intended to be a long-term position supporting the continued growth of the construction and development pipeline Qualifications
• 5+ years of accounting experience, including 2-4+ years in construction accounting (real estatedevelopment or general contractor environment preferred)
• Hands-on experience with AIA billing (G702/G703), construction draw processing, and job costing
• Familiarity with retention tracking, lien waiver processing, and subcontractor payment workflows
• Experience in a multi-entity or multi-project environment preferred
• Strong attention to detail, organization, and execution
• Ability to work independently while collaborating closely with accounting leadership
• ERP experience required; Yardi Job Cost and Construction Manager strongly preferred
• Experience with Sage 300 CRE, Procore, or NetSuite is a plus
• CPA Additional InformationWhy you should join MorguardAt Morguard, our employees are our greatest investment.

We make people our priority and strive to create a culture of respect, health and safety, and equal opportunity to support employees to meet their goals.

When you join Morguard, you join a strong and committed team and will have access to:

Employer Provided Medical Insurance OptionsExcellent culture that supports a work-life balance with time off for Summer Hours, Vacation, Personal, Sick Leave, and Paid HolidaysEducation Reimbursement ProgramDollar for dollar matching 401k Savings Plan with immediate vestingOpportunity to live onsite within portfolio with our Employee DiscountAll job offers are subject to a pre-employment drug test and criminal/credit background check.

• Morguard is an equal opportunity employer+This job description is intended to describe the nature and level of work being performed by individuals assigned to this position.

It is not an exhaustive list of all responsibilities required of the job. Job descriptions may also be rewritten periodically to reflect any changes in the position's duties.Morguard is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. 

Fair Chance Initiative:

Morguard is a Fair Chance employer. Except for a very limited number of positions, you will not be asked to provide information about a conviction history unless you receive a contingent offer of employment. Morguard will make an individualized assessment of whether your conviction history has a direct or adverse relationship with the specific duties of the job, and consider potential mitigating factors, including, but not limited to, evidence and extent of rehabilitation, recency of the offense(s), and age at the time of offense(s). If asked to provide information about a conviction history, any convictions or court records which are exempted by a valid court order do not have to be disclosed.

Morguard participates in the E-Verify program to confirm eligibility to work in the United States. PRIVACY