Project Accountant

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

Job summary

JRM Construction Management, LLC in New York, NY is seeking a Project Accountant responsible for project accounting, billing, and financial reporting across assigned jobs. You will serve as the liaison between accounting and project management to ensure accurate financials.

The role requires a bachelor’s in accounting or related field and at least 5 years in construction project accounting, with strong cost coding, contract knowledge, and Excel proficiency.

Qualifications

• Bachelor’s degree in accounting, Finance or Related field required.
• 5+ years of prior relevant experience in project accounting for construction.
• Knowledge of cost coding, pricing, purchase orders, etc.
• Understanding of construction contracts (CM as Agent, GMP, Lump Sum, Cost Plus).
• Exceptional organizational skills and ability to manage multiple projects.
• Proactive communication with management, project team, and subcontractors.
• Strong attention to detail and analytical abilities.

Responsibilities

• Monitor project progress and process subcontractor AIAs with accuracy.
• Attend pencil meetings with Owner and Architect for pay applications per contract terms.
• Coordinate subcontractor invoices and payments.
• Review and process Accounts Payable for General Conditions and General Requirements.
• Review and interpret client contracts, payment terms, insurance, bonds, contingencies and waivers.
• Generate billings and ERP system billings with full backup (labor, general conditions, materials, etc.).
• Review and process Accounts Receivable and respond to inquiries.
• Assist in cash flow monitoring and communication with PM/PX on receivables.
• Assist with cashflow forecast and project forecasts for Finance.
• Analyze projects and generate job costing reports for project teams.
• Review subcontractors’ statements and reconcile variances.

Skills

Bachelor’s degree in accounting

5+ years project accounting

Cost coding & pricing

Contract types GMP CMA

Proactive communication

Analytical skills

Unparalleled client service

Education

Bachelor’s degree in accounting, Finance or Related field

Tools

Microsoft Office (Excel, Word, Outlook, PowerPoint)

Job description

At JRM Construction, we build more than exceptional spaces - we build talented teams, rewarding careers, and trusted relationships. As a leading employee-owned construction firm, our people take ownership of every project and work collaboratively to deliver outstanding quality and a positive client experience. Guided by integrity, teamwork, continuous improvement, and genuine care for our people, JRM provides an environment where employees can grow and help shape the company’s long-term success.

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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