Job Description

Added - 7 hours ago

37962 | Construction Accountant

Accounting/Finance

Oak Brook, Illinois | Direct Hire

Job Description

Our client in Oak Brookis looking for a Construction/Project Accountant who will manage the accounting aspects of construction projects, focusing on recording draw requests, reviewing and classifying vendor payments, and monitoring cash flow requirements on a project-by-project basis.

**Experience with Yardi and some Construction accounting is Required**

Recording Draw Requests:

• Accurately record draw requests in the financial system, ensuring they are correctly reflected in project accounts.
• Liaise with project managers and accounting teams to ensure documentation for draw requests is complete and compliant with organizational policies.

Vendor Payment Recording & Classification:

• Record and classify vendor payments, ensuring accuracy and adherence to the construction budget.
• Properly code expenses to appropriate construction project accounts in Yardi.

Cash Flow Monitoring:

• Track cash flow requirements and actual expenditures for each construction project.
• Monitor project budgets to ensure alignment with expected cash flow and identify any potential shortfalls or discrepancies.

Reconciliation & Reporting:

• Reconcile project accounts regularly to ensure accurate financial records.
• Provide monthly financial reports detailing project performance, including budget vs. actuals and cash flow summaries.

Collaboration & Communication:

• Work closely with property accountants, construction managers, and development teams to facilitate smooth financial operations.
• Act as a key financial contact for active construction projects, ensuring timely and accurate financial updates to internal stakeholders.

Qualifications:

• 3-5 years of experience in construction accounting.
• Proficiency in Yardi, with hands-on experience in managing construction-related accounts.
• Strong knowledge of general accounting principles, particularly in construction accounting and financial management.
• Ability to manage multiple construction projects simultaneously and prioritize tasks effectively.

Salary Range:90K-100K, DOE and Onsite

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