Construction Project Accountant (Title: Project Cost Control Specialist)

Stanford Hotels Corporation; San Francisco, California, San Jose (CA, MO, CA); On-site; USD 150,000 - 200,000; Full time

Job summary

Join a forward-thinking company as a Construction Project Accountant, where you'll play a crucial role in managing financial aspects of construction projects. This position involves reviewing contracts, ensuring timely payments, and reconciling accounts while collaborating with project managers. With a focus on detail and proactive communication, you'll thrive in a dynamic environment that values your expertise. Enjoy a comprehensive benefits package, including medical, dental, and wellness programs, along with opportunities for professional development. If you're ready to make an impact in the construction industry, this role is perfect for you.

Benefits

Medical, Dental, Vision Plans

Gym and wellness discounts

Healthy eating and weight management programs

Family support programs

401(k) plan with matching contributions

Paid holidays, vacation, and sick leave

Qualifications

• 5+ years of accounting or construction accounting experience.
• Detail-oriented and organized with proactive communication skills.
• Strong experience with Excel and Word.

Responsibilities

• Review AIA contracts and audit payment applications.
• Ensure timely payments to General Contractors and reconcile accounts.
• Analyze project cost commitments and manage payment processes.

Skills

Detail-oriented

Proactive communication

Problem-solving skills

5+ years of accounting experience

Understanding of construction processes

Education

Bachelor's Degree in Business or Accounting

Tools

Excel

Word

Great Plains

Procore

Box

Textura

FRX

Microsoft Dynamics 365

Job description

Description

Salary Range: $36.06-$40.87

The Construction Project Accountant is a member of the Design & Construction team, primarily responsible for accounting related to construction projects. The role reports to the Senior Director of Design and Construction at the corporate office in San Francisco, CA.

WHAT YOU'LL DO:

• Review AIA contracts and identify contractual terms for audit payment application purposes.
• Review and audit GMP invoices, ensuring documentation supports transactions, obtaining approvals, and sending reminders for urgent or late payments.
• Review and reclassify project-related charges and journal entries.
• Reconcile vendor statements with PMs for outstanding invoices, communicating with vendors and team members about invoice and check statuses.
• Ensure timely payments to General Contractors and collect lien waivers.
• Reconcile Construction-in-Progress (CIP) and Capital renovation accounts monthly.
• Coordinate with Project Managers and Project Cost Control Specialists to verify % complete and correct billings.
• Reconcile Construction Cost Reports and vendor account statuses against project reports and billings.
• Conduct final audits for payments to Contractors, Vendors, and Consultants.
• Review and approve preconditions for progress and final payments.
• Review contractual and purchase agreements for payment requirements.
• Manage payment application and approval processes, ensuring timeliness and compliance.
• Analyze project cost commitments and risk exposures.
• Track capital proposals, changes, and proposed costs.
• Account for all open projects, change orders, and costs, communicating with Accounting as needed.
• Process monthly general contractor payments.
• Assist with loan draw documentation and respond to lender inquiries.
• Review team expense reports, process invoices and payments, and reconcile with the general ledger.
• Mail checks when necessary.
• Review insurance certifications and lien releases.
• Maintain cost commitment systems and understand all aspects of project costs.
• Participate in ad hoc projects as required.

WHAT WE NEED:

• Bachelor's Degree in Business or Accounting.
• Detail-oriented and organized.
• Proactive communication and problem-solving skills.
• Strong experience with Excel and Word.
• Ability to work independently with limited supervision.
• 5+ years of accounting or construction accounting experience.
• Understanding of construction processes, legal issues, and project costs.
• Experience with Great Plains, Procore, Box, Textura, FRX, Microsoft Dynamics 365 preferred.

WHAT WE OFFER:

• Medical, Dental, Vision Plans.
• Gym and wellness discounts.
• Healthy eating and weight management programs.
• Family support programs such as Nursing Mothers.
• Insurance options including Life, Accidental Death & Dismemberment, Critical Illness, Hospital Insurance, and Disability coverage.
• 401(k) plan with matching contributions.
• Financial coaching, employee discounts, career development, education assistance, team activities, and mental health support.
• Paid holidays, vacation, and sick leave.

Stanford Hotels Corporation is an Equal Opportunity Employer. We consider all applicants without regard to race, color, sex, gender identity, sexual orientation, religion, national origin, pregnancy, veteran status, disability, or medical conditions. For accommodations during the application process, contact Rebecca Dawes at [e-mail] or 415-266-9821.

We also consider qualified applicants with arrest and conviction records, in accordance with the San Francisco Fair Chance Ordinance.