Project Accountant

Korn Ferry is partnering with our client on their search for a Project Accountant.

Company Overview:

• Established real estate development organization with a significant focus on multifamily and residential projects throughout Northeast
• The company has several projects beginning over the next few months and is continuing to build out its Project Accounting team to support that growth
• Accounting is a well-established function with strong employee tenure, including team members who have been with the organization for 5 to 10 years
• The organization is known for a collaborative culture, strong work life balance, and flexibility while maintaining a highly team-oriented environment

Role Summary:

• Title: Project Accountant
• Reports To: Director of Accounting
• Location: Greater Boston
• Schedule: Flexible hours with an emphasis on accountability and getting the work completed
• Primary Focus: Own the accounting and financial management of assigned projects, with significant responsibility for budgeting, job costing, accounts payable, requisitions, and partnering closely with Project Managers to monitor project financial performance

Key Responsibilities:

• Partner closely with Project Managers on project budgeting, cost management, and overall project financial performance
• Prepare and review project budgets and provide guidance to the project and budgeting teams on cost activity and financial considerations
• Analyze job cost activity for accuracy and identify potential discrepancies, trends, or areas requiring additional attention
• Manage project accounts payable activities, including cost coding, approvals, system entry, weekly AP reporting, and check runs
• Monitor job cash flow and committed cost reports throughout the project lifecycle
• Prepare project requisitions and billings for Project Manager review and submit them to owners when required
• Manage accounts receivable entries and monitor collections related to assigned projects
• Review owner and subcontractor change orders and approve them for entry into Timberline
• Track lien waivers and subcontractor compliance requirements
• Support project closeout by coordinating and collecting final lien waivers and completing related accounting requirements
• Respond to subcontractor inquiries and maintain vendor information
• Handle special payment terms, joint check agreements, use tax reporting, and other project accounting needs as required

Ideal Candidate Profile:

• Bachelor’s degree in Accounting required
• Project accounting, construction accounting, job cost accounting, or similar experience strongly preferred
• Strong budgeting and analytical capabilities with the ability to understand what is driving project costs
• Comfortable working closely with Project Managers and serving as a financial resource to operational teams
• Ability to review project budgets and cost activity critically rather than simply processing transactions
• Experience with accounts payable, job costing, requisitions, accounts receivable, and project closeout processes preferred
• Strong Microsoft Office and spreadsheet skills
• Timberline experience preferred
• Strong communicator who can build effective relationships across Accounting, Project Management, and other internal teams
• Collaborative and team oriented with a positive attitude and strong cultural fit
• Self-motivated, dependable, and comfortable taking ownership of assigned projects
• Adaptable and able to manage changing priorities as projects progress through different phases
• Strong interest in continuing to develop within project accounting and potentially progressing through the organization’s Project Accountant career path

Compensation & Benefits:

• Target Base Compensation: $90K to $120K
• Bonus: Eligible for annual bonus
• Hybrid Schedule: 4 days in office and 1 day working from home, with flexibility to select the remote day
• Flexible working hours with an emphasis on performance and getting the work completed
• Strong work life balance
• Established accounting team with significant employee tenure and stability
• Defined progression from Project Accountant to Senior Project Accountant

Selling Points

• Opportunity to join an established Project Accounting team as the company prepares for several upcoming projects
• Significant exposure to budgeting and financial analysis rather than a purely transactional accounting role
• Project Accountants are trusted partners to the project and budgeting teams and are looked to for guidance on project financial matters
• Strong opportunity to work directly with Project Managers and gain exposure to the full financial lifecycle of multifamily and residential projects
• Well established team with many employees having 5 to 10 years of tenure
• Clear Project Accounting career path with Junior, Project Accountant, and Senior Project Accountant levels
• Strong culture and work life balance with flexibility around working hours
• Hybrid schedule with the ability to choose the weekly work from home day

SE #510832040