Project Accounting Spec I

Job Cost Accounting

- Maintain accurate job cost records by phase and cost code for labor, materials, equipment, and subcontractors.
- Review and post job cost transactions from AP, payroll, and equipment systems.
- Investigate and resolve job cost discrepancies or miscoding's.
- Monitor forecasts vs. actual costs and flag potential overruns.

Billing & Revenue Support

- Prepare monthly project billings in accordance with contract terms
- Calculate retainage on billings and track retainage held and released.
- Support revenue recognition using percentage-of-completion
- Reconcile billed-to-date amounts with job cost and project status reports.
- Support monthly close by validating job cost postings and accruals.
- Prepare recurring and project-specific journal entries.
- Reconcile job cost subledger to the general ledger.
- Maintain audit support schedules for projects.

Collaboration & Communication

- Serve as a financial contact for assigned projects.
- Communicate billing requirements and discrepancies with clients and internal teams.

Compliance & Controls

- Ensure compliance with company policies, GAAP, and contract requirements.
- Maintain accurate project documentation for audits and reviews.
- Follow internal controls related to job cost, billing, and revenue recognition.

Education

- Associate or bachelor’s degree in accounting, Finance, Construction Management, or related field.
- 2–5 years of accounting experience, preferably in construction or project-based accounting.
- Experience with job cost accounting and construction contracts strongly preferred.