Construction Project Accountant

Owen Electric Company Inc; Town of Florida (NY); On-site; USD 75,000 - 95,000; Full time

Job summary

Owen Electric Company Inc is seeking a Construction Project Accountant in New York. The role involves managing the financial aspects of projects, including budgeting, cost tracking, and financial reporting. The ideal candidate will have a Bachelor's degree in Accounting or Finance and 5-7 years of experience in construction accounting.

This position requires strong analytical skills, attention to detail, and proficiency in financial reporting tools. Office-based work with possible extended hours during month-end or project closing is expected.

Qualifications

• 5-7 years of accounting experience in project-based, construction environments.
• Strong understanding of project accounting principles and cost accounting.
• Experience with percentage-of-completion accounting.

Responsibilities

• Manage project budgets and cost controls.
• Prepare and review financial reports and forecasts.
• Handle project billing and revenue recognition.
• Monitor project profitability.
• Ensure compliance with contract terms and accounting policies.

Skills

Strong analytical and problem-solving skills

High attention to detail

Effective communication skills

Ability to manage multiple projects

Strong organizational skills

Education

Bachelor’s degree in Accounting, Finance, or a related field

Tools

Microsoft Excel

Construction accounting or ERP systems

Job description

Job Title: Construction Project Accountant

The Project Accountant is responsible for managing the financial aspects of assigned projects, ensuring accurate budgeting, cost tracking, billing, and financial reporting. This role works closely with project managers and finance leadership to ensure projects are completed on time, within budget, and in compliance with company policies and contractual requirements.

Key Responsibilities

• Manage project budgets, forecasts, and cost controls from project initiation through closeout
• Track project costs, including labor, materials, subcontractors, and overhead
• Prepare and review project-related financial reports, variance analyses, and forecasts
• Handle project billing, invoicing, and revenue recognition in accordance with accounting standards
• Monitor project profitability and flag financial risks or discrepancies
• Ensure compliance with contract terms, internal controls, and accounting policies
• Coordinate with project managers to support financial decision-making
• Assist with month-end and year-end close processes related to project accounting
• Maintain accurate project records and documentation for audits and reviews

Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field
• 5-7 years of accounting experience in project-based, construction environments
• Strong understanding of project accounting principles and cost accounting
• Experience with construction accounting or ERP systems
• Proficiency in Microsoft Excel and financial reporting tools
• Experience with percentage-of-completion accounting
• Prior experience in a project-driven industry

Skills & Competencies

• Strong analytical and problem-solving skills
• High attention to detail and accuracy
• Ability to manage multiple projects and deadlines simultaneously
• Effective communication and collaboration skills
• Ability to explain financial information to non-financial stakeholders
• Strong organizational and time-management skills

Working Conditions

• Office-based work environment
• May require occasional extended hours during month-end or project close