Hybrid Construction Project Accountant: WIP & Draws

The Newcastle Search Group, LLC; Chicago (IL); Hybrid; USD 90,000 - 120,000; Full time

Job summary

The Newcastle Search Group, LLC is assisting a well-established real estate developer in downtown Chicago to identify a Senior Project Accountant. You will oversee project-level accounting across active development and construction projects, including construction draws, WIP reporting, and monthly close support.

This hybrid role requires several days in-office in the Chicago market. Local candidates only; relocation is not offered.

Qualifications

• 5+ years of construction or project accounting experience required.
• Hands-on experience with construction draws, WIP reporting, and payment processing.
• Excellent analytical, communication, and problem-solving abilities.

Responsibilities

• Prepare and process monthly construction draw packages, including subcontractor pay applications and internal project billings.
• Coordinate owner and lender draw submissions, including supporting schedules, reporting, and required documentation.
• Monitor draw timelines, funding activity, and payment flow to ensure timely processing.
• Maintain and support WIP schedules and project cost tracking activities.
• Partner with development, construction, project management, and accounting teams across active projects.
• Support accounts payable and project cost accounting functions related to development and construction operations.
• Review invoices, lien waivers, and supporting documentation for accuracy and compliance.
• Maintain organized and accurate project accounting records and supporting files.
• Assist with project reporting, reconciliations, and ad hoc accounting initiatives as needed.
• Collaborate with the broader accounting team on monthly close and project-related financial activities.

Skills

Construction accounting

Excel

Analytical thinking

Communication

Education

Bachelor's degree in Accounting/Finance

Tools

Sage 300

ERP systems

Microsoft Office

Job description

The Newcastle Search Group, LLC is assisting a well-established real estate developer in downtown Chicago to identify a Senior Project Accountant. You will oversee project-level accounting across active development and construction projects, including construction draws, WIP reporting, and monthly close support.

This hybrid role requires several days in-office in the Chicago market. Local candidates only; relocation is not offered.