Construction Accountant
Company: My Construction CFO
Position: Construction Accounting Manager
Reports To: Fractional CFO
Employment Type: Full-Time
Industry: Construction / Specialty Contracting
Position Summary
My Construction CFO is seeking an experienced, hands‑on Construction Accountant to oversee accounting operations, financial reporting, work‑in‑progress (WIP) schedules, and project financial performance for multiple construction clients with Orange County.
This individual will work directly with the Fractional CFO and client management teams to ensure accurate financial reporting, reliable project forecasts, and timely monthly financial closes.
The ideal candidate combines strong technical accounting skills with extensive construction accounting experience, including job costing, percentage‑of‑completion accounting, estimated costs to complete, and project margin analysis.
This is a hands‑on position requiring the ability to independently perform accounting functions, maintain ERP data, identify financial discrepancies, and communicate effectively with project managers and operational leadership.
Key Responsibilities
1. Work-in-Progress (WIP) and Project Financial Management
- Prepare, maintain, and review monthly WIP schedules.
- Analyze estimated costs to complete, estimated costs at completion, and projected gross margins.
- Work with project managers to review project financial performance and validate cost-to-complete forecasts.
- Identify margin deterioration, cost overruns, unapproved change orders, and other project financial risks.
- Analyze project overbillings, underbillings, and revenue recognition.
- Reconcile project job-cost reports to the general ledger.
- Review project cost allocations, commitments, and outstanding subcontractor costs.
- Monitor project financial performance against original budgets and prior forecasts.
- Prepare project financial summaries for CFO and management review.
2. General Ledger and Monthly Financial Close
- Manage the monthly accounting close process for assigned clients.
- Prepare and review general ledger reconciliations.
- Reconcile bank accounts, credit cards, loans, fixed assets, and other balance sheet accounts.
- Prepare journal entries, accruals, amortization, and other month-end adjustments.
- Reconcile accounts receivable, accounts payable, payroll liabilities, and related control accounts.
- Identify and resolve accounting discrepancies.
- Ensure accurate revenue and expense recognition.
- Maintain supporting documentation and monthly close workpapers.
- Develop and maintain standardized monthly close checklists.
3. Financial Reporting and Analysis
- Prepare monthly financial statements, including balance sheets, income statements, and supporting schedules.
- Review financial statements for accuracy, completeness, and unusual fluctuations.
- Analyze actual results against budgets, forecasts, and prior periods.
- Prepare project profitability and gross margin reports.
- Identify financial trends, operating risks, and accounting issues requiring CFO attention.
- Prepare monthly reporting packages for CFO review and management presentation.
- Assist with financial reporting requirements for banks, sureties, and external accountants.
4. ERP Systems and Accounting Data Management
- Maintain accurate accounting and project financial information within client ERP systems.
- Enter and update project budgets, cost adjustments, journal entries, and other accounting information as needed.
- Review job-cost coding and ensure costs are properly assigned to projects.
- Maintain project financial records, including approved change orders and budget revisions.
- Identify and correct ERP accounting discrepancies.
- Develop and improve accounting reports and financial dashboards.
- Support ERP implementation, system conversions, and process improvements.
- Coordinate with accounts payable, accounts receivable, and payroll personnel to ensure accurate accounting information.
5. Project Management and Operational Coordination
- Participate in monthly project financial review meetings.
- Work directly with project managers to evaluate project budgets, estimated costs to complete, and projected margins.
- Challenge inconsistent or unsupported project forecasts.
- Monitor project closeout and final cost reconciliation.
- Identify discrepancies between operational project forecasts and accounting records.
- Escalate significant project risks and financial issues to the Fractional CFO.
6. Accounting Process Improvement and Controls
- Establish and maintain standardized accounting procedures across assigned clients.
- Improve monthly close efficiency and financial reporting accuracy.
- Identify weaknesses in accounting processes and internal controls.
- Assist with preparation for financial statement reviews and audits.
- Coordinate with external CPAs as needed.
- Support continuous improvement of construction accounting workflows.
Qualifications
Required
- Bachelor's degree in Accounting, Finance, or related field.
- 5–10+ years of progressive accounting experience.
- At least 3–5 years of construction accounting experience.
- Strong knowledge of construction job costing, WIP schedules, and percentage-of-completion accounting.
- Experience preparing financial statements and completing monthly closes.
- Strong general ledger reconciliation and analytical skills.
- Experience with construction ERP systems.
- Advanced Microsoft Excel skills.
- Ability to independently manage accounting responsibilities across multiple clients.
- Strong communication skills and ability to work with project managers and executives.
Preferred
- Prior experience as a Senior Accountant, Accounting Manager, Assistant Controller, or Controller in the construction industry.
- Experience with Sage 300 CRE, Sage Intacct, Viewpoint Vista, Viewpoint Spectrum, CMiC, Foundation, or similar construction accounting systems.
- Experience working with specialty contractors or general contractors.
- CPA or CPA candidate preferred but not required.
- Experience supporting financial statement reviews, audits, banking, and bonding reporting.
Performance Expectations
- Independently manage monthly accounting closes with minimal CFO involvement.
- Deliver accurate and timely monthly financial reporting packages.
- Maintain reliable WIP schedules and project financial forecasts.
- Proactively identify project margin changes and financial risks.
- Coordinate directly with project managers and client accounting teams.
- Resolve routine accounting and ERP issues without requiring CFO intervention.
- Escalate significant financial issues with clear analysis and recommended corrective actions.
Position Objective
The primary objective of this role is to take ownership of the day-to-day accounting management, monthly financial close, WIP oversight, and project financial reporting functions, allowing the Fractional CFO to focus on strategic financial leadership, cash flow management, banking and bonding relationships, executive advisory, and business growth.