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.