Project Accountant

JRM Construction Management; New York (NY); On-site; USD 100,000 - 120,000; Full time

Job summary

JRM Construction Management, with headquarters in New York City, seeks a Project Accountant to manage project accounting, ensuring accurate billing and financial reporting for assigned jobs. You will monitor subcontractor AIAs, oversee pay applications, coordinate invoices, and handle payables/receivables in a fast-paced construction environment.

Strong analytical skills and a 5+ year background in construction accounting are required.

Qualifications

• Bachelor’s degree in accounting, Finance or related field.
• At least 5 years of prior relevant experience in project accounting for a construction company.
• Familiar with cost coding, purchase orders, and related processes.
• Understanding of contract types (CM as Agent, GMP, Cost Plus).
• Excellent organizational skills and ability to manage multiple projects.
• Proactive communication with management, project teams, and subcontractors.
• Strong attention to detail and analytical capabilities.

Responsibilities

• Monitor project progress by processing and reviewing subcontractor AIAs with accuracy.
• Attend pencil meetings with Owner and Architect to ensure proper pay applications.
• Coordinate subcontractor invoices and payments per contract terms.
• Review and process Accounts Payable for General Conditions, General Requirements, and Trade Work in Place.
• Review contracts, payment terms, insurance, bonds, contingency, and lien-law requirements.
• Generate billings, ERP system billings, and backup documentation per contractual terms.
• Review and process Accounts Receivable and respond to inquiries from clients and vendors.
• Assist in cash flow and forecast for the finance team; support project forecasting.
• Analyze projects and generate job costing reports for project teams.
• Review subcontractor statements and reconcile variances.

Skills

Project accounting

Construction accounting

Analytical skills

Communication

Organization

Education

Bachelor’s degree in accounting or related field

Tools

Excel

Word

Outlook

PowerPoint

Timberline ERP

Job description

JRM is one of the top General Contracting and Construction Management Firms with over a decade of trusted experience. Headquartered in New York City with offices in New Jersey, California, and Florida, JRM delivers the highest quality services to clients that include City, State & Federal Agencies, Fortune 500 corporations, respected property owners & developers, major law firms, media & tech firms, leading luxury retailers, renowned hospitality groups, life sciences & healthcare organizations, and financial services firms. JRM knows that dedicated, accomplished employees are the heart of any successful enterprise. We are focused on maintaining a diverse, inclusive, and authentic workplace and are always looking to add passionate personnel to our teams across the US.

Job Summary

A Project Accountant is responsible for all project accounting for jobs assigned, acting as liaison between accounting and project management ensuring accurate and consistent billing and financial reporting.

Responsibilities and Duties

• Monitor project progress by processing & reviewing subcontractor AIAs with full understanding for accuracy.
• When required, attend pencil meetings with Owner and Architect to ensure proper and accurate pay application per client contractual terms.
• Coordinate subcontractor invoices and payments per contract terms and enter in the system.
• Review and process Accounts Payable for General Conditions, General Requirement invoices in addition to Trade Work in Place.
• Review and interpret client contracts, subcontractor documents, payment terms, Insurance, Bond requirements, Contingency, Fee calculations, New York City Subcontractor Lien Laws Notice to Owner, and Waiver Requirements.
• Generate Billings, Timberline, and future ERP System generated billings and Multi Tab Excel billings. Prepare full backup requirements as requested by client and Contractual Agreement, IE Payroll, Labor, General Conditions, General Requirements, Technology Cost, Trade WIP, Materials Stored Cost and Conditional and Unconditional Waivers.
• Review and process Accounts Receivable and respond to client & vendor billing inquiries.
• Assist in monitoring cash flow and communicate with PM/PX on tracking Accounts Receivables.
• Assist with Cashflow Forecast and Project Forecast for Finance Team.
• Analyze projects; generate job costing reports to provide meaningful input to project teams.
• Review of sub-contractors’ statements and reconciliation of variances.

Qualifications and Skills

• Bachelor’s degree in accounting, Finance or Related field,
• At least 5 years of prior relevant experience working in Project Accounting for a Construction company handling commercial and/or corporate interiors construction projects.
• Commonly used concepts, functions, practices, and procedures within the construction field including cost coding and pricing, purchase orders, etc.
• Clear understanding of contract types (Construction Manager as Agent, Guaranteed Maximum Price (GMP) Lump Sum, Cost Plus.
• Exceptional organizational skills with ability to manage multiple construction projects and activities.
• Must be proactive in communication with Upper Management, Project Team, and Subcontractors.
• Strong attention to detail and well-developed analytical skills.
• Ability to provide Unparallel Client Service and support to Project Team.

Computer Systems

• Excellent computer literacy including experience with Microsoft Office productapplications (ex.Excel, Word, Outlook, Power Point)

Salary Information

• To the extent this position is performed in New York City, the annual salary offered for this role is $100,000 - 120,000.

All qualified applicants will receive consideration for employment at JRM without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristics protected by law.

The salary range listed in job postings reflects the Company’s good‑faith estimate at the time of posting. Actual compensation may vary based on factors such as position tier, geographic location, work experience, market conditions, education/training, and skills.

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