Project Accountant

Michael Page; Itasca (IL); Hybrid; USD 70,000 - 85,000; Full time

Benefits offered by this job

Paid time off

Hybrid work model

Full health insurance

401k retirement plan

Job summary

Michael Page is partnering with a billion-dollar General Contractor near Itasca, IL, to hire a Project Accountant. The role focuses on budgeting, forecast, cost analysis, billing, and financial reporting across multiple projects, coordinating with PMs, Operations, and accounting leadership.

Responsibilities include WIP reporting, invoicing, subcontractor pay approvals, month-end close, and maintaining project records with lien waivers. 3–5 years of project accounting is preferred.

Qualifications

• Project accounting experience within the construction industry.

Responsibilities

• Establish and load new projects in CMiC, set up budgets, billing structures, and GC Pay configurations.

Skills

Project accounting

Budgeting

Forecasting

Cost analysis

Billing

Financial reporting

Attention to detail

Communication

Cross-functional collaboration

Tools

CMiC

GC Pay

Excel

Job description

I'm currently partnering with a billion-dollar General Contractor located near Itasca, IL that continues to experience significant growth and success across its portfolio. As a result, they are looking to add a Project Accountant to their team.

In this role, the Project Accountant will serve as a key financial resource for assigned construction projects, supporting everything from budgeting and forecasting to cost analysis, billing, and financial reporting. Working closely with Project Managers, Operations, and Accounting leadership, this individual will help ensure project financials remain accurate, costs are effectively managed, and reporting deadlines are consistently met throughout the project lifecycle.

Description

• Establish new projects within CMiC by setting up job records, loading project budgets, creating billing structures, and configuring GC Pay based on executed contract requirements.
• Monitor project financial performance by tracking labor costs, subcontractor expenditures, general conditions costs, and overall project spending.
• Analyze budget activity and partner with Project Managers to identify variances, cost trends, and potential budget concerns.
• Assist with Work-in-Progress (WIP) reporting by providing insight into project profitability, billing status, and over/under billings.
• Generate and submit customer invoices in accordance with contractual billing requirements and project milestones.
• Review and approve subcontractor pay applications through GC Pay, ensuring proper cost allocation, coding accuracy, and data integrity.
• Participate in monthly and annual financial close processes, including account reconciliations and project reporting activities.
• Maintain organized and accurate project financial records, including lien waivers, contract documentation, and supporting project files.
• Coordinate with subcontractors and project teams to resolve billing issues, documentation discrepancies, and payment-related inquiries.
• Verify subcontractor compliance requirements to ensure eligibility for payment and funding approval.
• Process and distribute subcontractor payments in a timely manner while adhering to company procedures.
• Support the onboarding, training, and development of new accounting team members by sharing knowledge and best practices.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

Profile

• Project accounting experience within the construction industry,
• Strong knowledge of job costing, project accounting, and construction financial management practices.
• Familiarity with construction industry regulations, contract requirements, lien waivers, and compliance standards across multiple jurisdictions.
• Experience managing cash flow activities, banking transactions, payment processing, and vendor disbursements.
• Advanced Microsoft Excel skills, including the ability to analyze data, create reports, and manage financial information efficiently.
• Exceptional attention to detail with strong analytical and problem-solving abilities.
• Effective verbal and written communication skills, with the ability to collaborate across accounting, operations, and project teams.
• Highly organized with the ability to manage multiple priorities and maintain accuracy in a deadline-driven environment.
• Capable of thriving in a fast-paced setting while adapting to changing business and project demands.

Desired Skills and Experience

• 3-5 years of project accounting experience
• General Contractor experience, ideally with national exposure

Job Offer

• Salary of $70,000 to $85,000.
• Paid time off.
• Hybrid work model (2 days WFH)
• Full, comprehensive health insurance
• 401k retirement plan