Project Accountant

Job Title: Construction Accountant – Senior Accountant

Location: Houston, Texas (Greenway Upper Kirby Area)

Department: Accounting / Finance

Reports to: Controller / Director of Finance

Employment Type: Full-Time

Salary: $90k-$120k

Key Responsibilities:

• Monthly Draw Process:
• Oversee and coordinate the monthly draw process for the portfolio of real estate developments, ensuring compliance with funding institutions' requirements and timelines.
• Bank Reconciliations:
• Prepare and review monthly bank reconciliations to ensure accurate accounting and cash flow management across multiple construction projects.
• Draw and Reporting Packages:
• Compile, prepare, and analyze monthly draw and reporting packages, submitting them to funding institutions in a timely and accurate manner.
• Cash Flow Management:
• Monitor, review, and project cash flow balances for construction projects, ensuring all funding requirements are met on time and in accordance with project needs.
• Vendor & Contractor Payments:
• Prepare and execute weekly check runs to ensure timely and consistent payments to vendors and general contractors, ensuring smooth project operations.
• Process Coordination & Compliance:
• Assist in the coordination, refinement, and implementation of accounting processes and procedures, working closely with the development team to ensure alignment and compliance with company standards.
• Variance Analysis & Budgeting:
• Analyze construction budgets for individual projects, performing monthly variance analysis between actuals and budgeted figures to provide insights into financial performance.
• Loan Document Review & Compliance:
• Review loan documents to ensure compliance with lender covenants and financial requirements. Work closely with the development team to address any discrepancies or requirements from funding institutions.
• Stakeholder Communication:
• Maintain regular communication with Project Managers, lenders, general contractors, and vendors regarding project status, financial performance, contract agreements, pay applications, and open receivables/payables.
• Strategic Growth Support:
• Actively participate in the implementation of strategic growth plans by supporting new projects and financial forecasting to meet long-term development goals.

Required Skills & Qualifications:

• Education:
• Bachelor’s degree in Accounting, Finance, or related field required.
• Experience:
• 4 to 5 years of progressive accounting experience, with a specific focus in construction management, general contracting, or subcontractor industry experience.
• Technical Proficiency:
• Proficient in Microsoft Excel; familiarity with other accounting software programs, construction management platforms, and ERP systems.
• Construction Draw Process:
• Strong understanding of the construction draw process is critical, including familiarity with lender requirements, cash flow management, and reporting.
• Analytical & Problem-Solving Skills:
• Strong analytical skills, with the ability to identify issues, perform variance analysis, and propose effective solutions.
• Communication Skills:
• Excellent verbal and written communication skills, with the ability to interact effectively with internal teams, project managers, contractors, lenders, and other external stakeholders.
• Time Management & Organization:
• Ability to manage multiple tasks and projects simultaneously in a fast-paced, dynamic environment, with a focus on meeting deadlines and maintaining accuracy.

Desired Attributes:

• Initiative-Taker:
• Self-motivated with a proactive approach to problem-solving and process improvement.
• Detail-Oriented:
• Strong attention to detail, ensuring accuracy in financial reporting and project management.
• Team-Oriented:
• Collaborative mindset, able to work effectively within a cross-functional team to achieve company objectives.
• Adaptability:
• Comfortable working in an evolving environment where priorities may shift frequently, and new challenges emerge.