Project Accountant (Commercial Construction)
Title: Project Accountant (Commercial Construction)
Location: Philadelphia, PA
Salary Range: $75K-$80K
Tiello has partnered with a leading General Contractor in Philadelphia, PA who is seeking an experienced Project Accountant to join their team.
Position Overview
The Project Accountant supports the financial management and reporting of multiple commercial construction projects, ensuring the integrity and accuracy of all project financial data. This role is a key link between the project management and accounting teams—responsible for budget control, cost tracking, and financial reporting throughout the project lifecycle.
The ideal candidate has hands-on experience in commercial construction accounting, is proficient in job cost systems, and excels at maintaining clear, proactive communication with project teams and external stakeholders.
Key Responsibilities
Project Financial Management
- Set up new projects in the accounting system, including budgets, cost codes, and contract details.
- Maintain up-to-date records of project budgets, commitments, change orders, and actual costs.
- Prepare and analyze monthly financial reports, comparing actual performance to budgets and forecasts.
- Support month-end close activities, including WIP schedules, accruals, and revenue recognition.
- Track project cash flow and forecast funding needs.
Billing and Receivables
- Prepare, review, and submit monthly progress billings in accordance with contract terms (AIA format preferred).
- Reconcile billings to contract values, approved change orders, and percent completion.
- Monitor accounts receivable and coordinate with project managers and clients to ensure timely payment.
Subcontractor and Vendor Management
- Review and process subcontractor pay applications and lien waivers for accuracy and compliance.
- Verify that subcontractor billings align with approved schedules of values and project progress.
- Coordinate with procurement and project teams to ensure proper coding and documentation of vendor invoices.
Budgeting and Forecasting
- Collaborate with project managers to develop and maintain project budgets and cost forecasts.
- Identify and report potential cost overruns, savings opportunities, or risk exposures.
- Support regular financial reviews and variance analysis with project and finance leadership.
Compliance and Internal Controls
- Ensure all financial transactions comply with company policies, GAAP standards, and contract requirements.
- Assist with internal and external audits by preparing supporting documentation and reports.
- Maintain detailed and organized records for all project financials.
Collaboration and Communication
- Act as the financial liaison between accounting and project management teams.
- Provide project financial insights and guidance to help optimize performance and profitability.
- Participate in project review meetings and present key financial data as needed.
Qualifications
Education
- Bachelor’s degree in Accounting, Finance, or related discipline required.
- CPA or progress toward certification is a plus.
Experience
- 3–5 years of accounting experience within commercial construction or a general contracting environment.
- Strong knowledge of job cost accounting, progress billing (AIA format), and WIP reporting.
- Experience with construction accounting software (Sage 300 Construction, Procore, Sage Intacct).
Skills
- Advanced proficiency in Microsoft Excel and financial reporting tools.
- Excellent analytical, organizational, and problem-solving skills.
- Strong attention to detail and accuracy.
- Effective communicator who can collaborate across departments and with clients.
- Ability to manage multiple projects and deadlines in a fast-paced environment.
Apply now
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