What are the responsibilities and job description for the Project Accounting Specialist (Commercial Construction) position at Modern Construction Services?
Modern Construction Services specializes in the renovation and commercial construction of industrial, retail, business office, restaurant, and healthcare related properties.
The Project Accounting Manager oversees the financial management of construction projects, ensuring accurate job costing, compliance with accounting standards, and timely reporting. This role acts as a liaison between project teams and finance, providing insights to maintain profitability and mitigate financial risks.
Salary range: $75,000 to $110,000. This salary range reflects a scale from a competent early-career (3 year) Project Accounting to a highly experienced, leadership-level Project Accountant who adds strategic value to the organization.
Preferred candidate will live and have seasoned work history within the Charlotte-metro region, having knowledge of regional market conditions.
Responsibilities:
Project Financial Management
- Monitor budgets, forecasts, and actual costs for all assigned projects.
- Ensure accurate job cost allocation and maintain Work-in-Progress (WIP) schedules.
- Review and approve project-related invoices and expense reports.
Billing & Revenue Recognition
- Manage progress billing and ensure compliance with contract terms.
- Process change orders and update financial projections accordingly.
- Ensure proper revenue recognition under GAAP and company policy.
Reporting & Analysis
- Prepare monthly project financial reports for management.
- Conduct variance analysis and recommend corrective actions.
- Support project managers with financial insights for decision-making.
Compliance & Audit
- Maintain adherence to internal controls and accounting standards.
- Assist with internal and external audits related to project accounting.
Collaboration
- Work closely with Project Managers, Estimators, and Operations teams.
- Provide training and guidance on financial processes and systems.
- 3 years of experience in construction accounting or project finance.
- Experience with large-scale commercial or infrastructure projects.
- Strong knowledge of job costing, WIP reporting, and contract accounting.
- Proficiency in ERP systems (e.g., Viewpoint, Sage, Procore).
- Excellent analytical and communication skills.
- Preferred - Bachelor’s degree in Accounting, Finance, or related field, CPA or CMA certification.
- Annual profit sharing.
- Medical, vision, and dental.
- Flexible Spending Account (FSA), Health Saving Account (HSA).
- Employer-paid Basic Term Life Insurance, Short- and Long-term disability insurance.
- Voluntary supplemental life insurance.
- 401(k)
Salary : $75,000 - $110,000