Project Accountant
About this role
Company Overview
JRM is one of the top General Contracting and Construction Management Firms with over a decade of trusted experience. Headquartered in New York City with offices in New Jersey, California, and Florida, JRM delivers the highest quality services to clients that include City, State & Federal Agencies, Fortune 500 corporations, respected property owners & developers, major law firms, media & tech firms, leading luxury retailers, renowned hospitality groups, life sciences & healthcare organizations, and financial services firms. JRM knows that dedicated, accomplished employees are the heart of any successful enterprise. We are focused on maintaining a diverse, inclusive, and authentic workplace and are always looking to add passionate personnel to our teams across the US.
Job Summary
A Project Accountant is responsible for all project accounting for jobs assigned, acting as liaison between accounting and project management ensuring accurate and consistent billing and financial reporting.
Responsibilities and Duties
- Monitor project progress by processing & reviewing subcontractor AIAs with full understanding for accuracy.
- When required, attend pencil meetings with Owner and Architect to ensure proper and accurate pay application per client contractual terms.
- Coordinate subcontractor invoices and payments per contract terms and enter in the system.
- Review and process Accounts Payable for General Conditions, General Requirement invoices in addition to Trade Work in Place.
- Review and interpret client contracts, subcontractor documents, payment terms, Insurance, Bond requirements, Contingency, Fee calculations, New York City Subcontractor Lien Laws Notice to Owner, and Waiver Requirements.
- Generate Billings, Timberline, and future ERP System generated billings and Multi Tab Excel billings. Prepare full backup requirements as requested by client and Contractual Agreement, IE Payroll, Labor, General Conditions, General Requirements, Technology Cost, Trade WIP, Materials Stored Cost and Conditional and Unconditional Waivers.
- Review and process Accounts Receivable and respond to client & vendor billing inquiries.
- Assist in monitoring cash flow and communicate with PM/PX on tracking Accounts Receivables.
- Assist with Cashflow Forecast and Project Forecast for Finance Team.
- Analyze projects; generate job costing reports to provide meaningful input to project teams.
- Review of sub-contractors’ statements and reconciliation of variances.
Qualifications and Skills
- Bachelor’s degree in accounting, Finance or Related field,
- At least 5 years of prior relevant experience working in Project Accounting for a Construction company handling commercial and/or corporate interiors construction projects.
- Commonly used concepts, functions, practices, and procedures within the construction field including cost coding and pricing, purchase orders, etc.
- Clear understanding of contract types (Construction Manager as Agent, Guaranteed Maximum Price (GMP) Lump Sum, Cost Plus.
- Exceptional organizational skills with ability to manage multiple construction projects and activities.
- Must be proactive in communication with Upper Management, Project Team, and Subcontractors.
- Strong attention to detail and well-developed analytical skills.
- Ability to provide Unparallel Client Service and support to Project Team.
Computer Systems
- Excellent computer literacy including experience with Microsoft Office product applications (ex. Excel, Word, Outlook, Power Point)
- Strong Excel Skills (Xlookup’s, Sumifs, Multi tab Excel Worksheets)
Salary Information
- To the extent this position is performed in New York City, the annual salary offered for this role is $100,000 - 120,000.
#LI-Hybrid
All qualified applicants will receive consideration for employment at JRM without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status, or other characteristics protected by law.
The salary range listed in job postings reflects the Company’s good-faith estimate at the time of posting. Actual compensation may vary based on factors such as position tier, geographic location, work experience, market conditions, education/training, and skills.
For more information on how JRM Construction Management collects and uses your personal information, reference our Privacy Policy.
Company at a glance
With over 18 years of trusted experience, JRM has quickly grown to become one of the top General Contracting and Construction Management firms across the US. The cornerstones of our business are solid construction and excellence in on-site management. We bring our clients the expertise and full capabilities of a large firm, while maintaining a boutique firm approach with top-down involvement. Meaning at JRM, our teams work collaboratively on all projects both small and large from principals and directors to project managers, estimators, supers, and our laborers on-site.
At JRM, we believe that the key to success is the adaptability of our dedicated employees and the extensive industry knowledge they apply to strategically constructing innovative solutions for unforeseen challenges. From our headquarters in New York City, to our offices in New Jersey, California, and Florida, JRM prides itself on delivering a complete range of construction services to our clients nationwide, from respected property owners & developers to Fortune 500 corporations, media & tech firms, major law firms, leading luxury retailers, renowned hospitality groups, life sciences & healthcare organizations, and financial services firms.
As an employee-owned company, each and every employee at JRM is invested in a project’s success and motivates each other towards a common goal. Employees also benefit from JRM’s Employee Stock Ownership Program (ESOP), where we make contributions to their ESOP accounts which accumulate shares for retirement.
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