Construction Project Accountant (REMOTE)

Basis Industrial; New York (NY); Remote; USD 85,000 - 120,000; Full time

Job summary

Basis Industrial is hiring a Construction Project Accountant to manage project accounting for construction and development from inception through closeout. The role emphasizes organized, precise financials in a fast-paced environment and is fully remote with EST business hours.

You will work with Yardi Construction Manager and other teams to ensure accurate reporting, budgeting, and compliance across multiple projects.

Qualifications

• 3+ years of construction or project accounting within a real estate organization
• 2+ years recent hands on experience with Yardi Construction Manager
• Strong understanding of job cost accounting, change orders, construction contracts, and project budgeting
• Advanced Excel skills
• Excellent communication skills and the ability to manage multiple projects simultaneously with accuracy

Responsibilities

• Manage project set up and ensure accurate job cost accounting, budget tracking, forecasting and variance analysis
• Review, code, and process contractor and vendor contracts and invoices in Yardi Construction Manager and P2P
• Prepare and review monthly project financial reports and reconciliations including multi-year cash flow forecasts
• Reconcile project subledgers to general ledger
• Monitor project budgets, committed costs, actual costs, and forecasts throughout the project life cycle
• Prepare construction draws (as needed) and monitor cash balances and funding sources
• Enter and maintain jobs, contracts, change orders and project financial data in Yardi Construction Manager
• Review contractor pay applications, including AIA G702/G703 or equivalent documentation, and validate contract amounts, approved change orders, retainage, prior billings and supporting documentation.
• Prepare and reconcile construction loan draw packages, track lender/equity funding, sources and uses, and ensure compliance with applicable funding requirements.
• Coordinate project accounting closeout, including final cost reconciliation, contract/commitment closeout, retainage releases, CIP clearing and transfer of completed projects to fixed assets.
• Calculate and/or support capitalization of eligible development costs, including capitalized interest, as applicable.
• Ensure proper controls are followed for change orders, budget revisions, and commitments
• Collaborate with property managers, construction team, asset managers, accounts payable, and accounting to ensure timely and accurate financial information
• Maintain and ensure compliance of project documentation including COI compliance and receipt of accurate lien waivers
• Prepare year-end fixed asset schedules and other support materials for audit and tax
• Identify opportunities to improve processes and system efficiencies

Skills

Analytical skills

Organizational skills

Communication skills

Problem-solving skills

Education

Bachelor's degree in Accounting, Finance, or related field

Tools

Yardi Construction Manager

Excel

Job description

Basis Industrial is seeking a Construction Project Accountant to manage project accounting activities for construction and development projects from inception through closeout. The ideal candidate will have a strong background in construction accounting, specifically with Yardi software. This role emphasizes organization skills to thrive in a fast-paced environment. This is a full-time and fully remote position, reporting to the Controller. Candidate is expected to work during EST business hours.

Responsibilities

• Manage project set up and ensure accurate job cost accounting, budget tracking, forecasting and variance analysis
• Review, code, and process contractor and vendor contracts and invoices in Yardi Construction Manager and P2P
• Prepare and review monthly project financial reports and reconciliations including multi-year cash flow forecasts
• Reconcile project subledgers to general ledger
• Monitor project budgets, committed costs, actual costs, and forecasts throughout the project life cycle
• Prepare construction draws (as needed) and monitor cash balances and funding sources
• Enter and maintain jobs, contracts, change orders and project financial data in Yardi Construction Manager
• Review contractor pay applications, including AIA G702/G703 or equivalent documentation, and validate contract amounts, approved change orders, retainage, prior billings and supporting documentation.
• Prepare and reconcile construction loan draw packages, track lender/equity funding, sources and uses, and ensure compliance with applicable funding requirements.
• Coordinate project accounting closeout, including final cost reconciliation, contract/commitment closeout, retainage releases, CIP clearing and transfer of completed projects to fixed assets.
• Calculate and/or support capitalization of eligible development costs, including capitalized interest, as applicable.
• Ensure proper controls are followed for change orders, budget revisions, and commitments
• Collaborate with property managers, construction team, asset managers, accounts payable, and accounting to ensure timely and accurate financial information
• Maintain and ensure compliance of project documentation including COI compliance and receipt of accurate lien waivers
• Prepare year-end fixed asset schedules and other support materials for audit and tax
• Identify opportunities to improve processes and system efficiencies

Qualifications

• Bachelor's degree in Accounting, Finance, or related field
• 3+ years of construction or project accounting within a real estate organization
• 2+ years recent hands on experience with Yardi Construction Manager
• Strong understanding of job cost accounting, change orders, construction contracts, and project budgeting
• Experience with construction loan draws and CIP accounting
• Advanced Excel skills
• Strong analytical, organizational, and problem-solving skills
• Excellent communication skills and the ability to manage multiple projects simultaneously with accuracy