What is a Project Accountant?

Project Accountants are responsible for overseeing and calculating all finances involved in a project. Construction Project Accountants assist in planning the construction project budget, conduct cost analyses, and review purchase orders, invoices, and supplier contracts. They ensure that all estimated construction costs are tracked and managed.

A Project Accountant is also responsible for managing the outstanding accounts of a company’s construction project. To do this, they should be able to create detailed cost reports, oversee supplier contracts, ensure invoices are logged and updated, and manage accounts receivables.

Project Accountant Responsibilities

  • Assist in setting up and maintaining construction project accounting files.
  • Verify the projects that need to be billed and coordinate accurate and timely billing with the Project Manager, according to contract requirements.
  • Communicate with Project Managers and track payments for subcontractors.
  • Review, route, and post subcontractor pay applications.
  • Assist in general accounting/administration.
  • Provide subcontract support including:
    • Communication with subcontractors and vendors regarding invoices.
    • Pulling monthly substantiation reports.
    • Job cost transfers.
    • Assist with payroll.
    • Subcontractor payable administration.

Project Accountant Qualifications

  • 1+ years of accounting experience in the construction, architecture, or engineering industries.
  • Bachelor’s Degree in Accounting or Finance.
  • Job cost entry experience preferred.
  • Attention to detail, strong time management skills, with the ability to work well on a team.

Are you seeking a Project Accountant for your company or construction project? As construction recruiters, we can help you refine your Project Accountant job description and assist you in finding the right candidate for your needs.

Are you seeking employment as a Project Accountant in the construction, architecture, or engineering industries? View open positions here.