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About the Role
A Project Accountant is responsible for all project accounting for assigned jobs, acting as a liaison between accounting and project management to ensure accurate and consistent billing and financial reporting.
Responsibilities
- Monitor project progress by processing and reviewing subcontractor AIAs for accuracy.
- Attend pencil meetings with Owner and Architect to ensure proper and accurate pay application per client contractual terms.
- Coordinate subcontractor invoices and payments per contract terms and enter them into the system.
- Review and process Accounts Payable for General Conditions, General Requirement invoices, and Trade Work in Place.
- Review and interpret client contracts, subcontractor documents, payment terms, Insurance, Bond requirements, Contingency, Fee calculations, New York City Subcontractor Lien Laws Notice to Owner, and Waiver Requirements.
- Generate Billings, Timberline, and future ERP System generated billings and Multi Tab Excel billings, preparing full backup requirements as requested by client and Contractual Agreement.
- Review and process Accounts Receivable and respond to client & vendor billing inquiries.
- Assist in monitoring cash flow and communicate with PM/PX on tracking Accounts Receivables.
- Assist with Cashflow Forecast and Project Forecast for the Finance Team.
- Analyze projects and generate job costing reports to provide meaningful input to project teams.
- Review subcontractors’ statements and reconcile variances.
Requirements
- At least 5 years of prior relevant experience working in Project Accounting for a Construction company handling commercial and/or corporate interiors construction projects.
- Commonly used concepts, functions, practices, and procedures within the construction field including cost coding and pricing, purchase orders, etc.
- Clear understanding of contract types (Construction Manager as Agent, Guaranteed Maximum Price (GMP) Lump Sum, Cost Plus).
- Exceptional organizational skills with ability to manage multiple construction projects and activities.
- Must be proactive in communication with Upper Management, Project Team, and Subcontractors.
- Strong attention to detail and well-developed analytical skills.
- Ability to provide Unparallel Client Service and support to Project Team.
Skills
- Microsoft Office product applications (ex. Excel, Word, Outlook, Power Point)
- Strong Excel Skills (Xlookup’s, Sumifs, Multi tab Excel Worksheets)
Location
- New York City
Work Type
- Hybrid
Experience Level
- 5 years
Education Level
- Bachelor’s degree in accounting, Finance or Related field
Salary/Compensations
- $100,000 - $120,000
About the Company
- At JRM Construction, we build more than exceptional spaces - we build talented teams, rewarding careers, and trusted relationships.
- As a leading employee-owned construction firm, our people take ownership of every project and work collaboratively to deliver outstanding quality and a positive client experience.
- Guided by integrity, teamwork, continuous improvement, and genuine care for our people, JRM provides an environment where employees can grow and help shape the company’s long-term success.
Equal Opportunity
- All qualified applicants will receive consideration for employment at JRM without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristics protected by law.