AR Project Accountant

CFS; New Jersey; On-site; USD 81,000 - 99,000; Full time

Job summary

CFS, a well-established construction firm in New Jersey, seeks an AR Project Accountant to manage accounts receivable and project accounting across multiple projects. You will set up new jobs, review contracts for billing, and prepare owner billings, pay apps, and SOVs, while tracking WIP and project profitability.

You will partner with Project Managers to monitor financial performance, forecast costs, and ensure timely monthly close.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field preferred, NOT required
• 3+ years of Construction Project Accounting or Construction Accounts Receivable experience within commercial construction or a related industry
• Experience with Lien Waivers, Pay Applications, SOVs, WIP Schedules, Job Costing, Job Setup, Complex Contract Review, Construction Billing / Accounts Receivable
• Experience supporting multiple Project Managers simultaneously
• Strong attention to detail and ability to manage multiple projects and deadlines

Responsibilities

• Manage the accounts receivable and project accounting lifecycle for multiple construction projects.
• Set up new jobs within the accounting system, ensuring proper coding, budgets, and contract documentation.
• 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.
• Track outstanding receivables and follow up on customer payments as needed.
• Work closely with Project Managers to monitor project financial performance, billing status, forecast costs, and maximize profitability.
• Assist with month-end close and ensure project financial information is accurate and up to date.

Skills

Lien Waivers

Pay Applications

Schedules of Values (SOVs)

Work-in-Progress (WIP) Schedules

Job Costing

Job Setup

Complex Contract Review

Construction Billing / Accounts Receiv

Multi-project management

Education

Bachelor's degree in Accounting, Finance, or related field preferred, NOT required

Job description

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.

AR 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

AR Project Accountant Key Responsibilities

• Manage the accounts receivable and project accounting lifecycle for multiple construction projects.
• Set up new jobs within the accounting system, ensuring proper coding, budgets, and contract documentation.
• 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.
• Track outstanding receivables and follow up on customer payments as needed.
• Work closely with Project Managers to monitor project financial performance, billing status, forecast costs, and maximize profitability.
• Assist with month-end close and ensure project financial information is accurate and up to date.

AR Project Accountant Qualifications

• Bachelor's degree in Accounting, Finance, or related field preferred, NOT required
• 3+ years of Construction Project Accounting or Construction Accounts Receivable experience within commercial construction or a related industry.
• Demonstrated experience with:
  • Lien Waivers
  • Pay Applications
  • Schedules of Values (SOVs)
  • Work-in-Progress (WIP) Schedules
  • Job Costing
  • Job Setup
  • Complex Contract Review
  • Construction Billing / Accounts Receivable
• Experience supporting multiple Project Managers simultaneously.
• Strong attention to detail and ability to manage multiple projects and deadlines.

Salary: Up to $90K

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