Project Accountant

Manhattan, New York Permanent USD130,000 - USD160,000 per year View Job Description
We're partnering with a New York-based real estate developer to hire a Construction Project Accountant to support active development and construction projects across the NY/NJ market. This is a hands‑on, ownership‑driven role for someone who goes beyond reporting and actively partners with Project Managers and Development leadership.
  • Hands‑on, ownership‑driven role
  • Make a tangible impact on the business

About Our Client

Our client is a New York-based real estate developer

Job Description

Project Accounting & Financial Ownership

  • Own end‑to‑end project accounting for assigned construction projects, including job cost accounting, accounts payable, owner billings, and subcontractor payments.
  • Maintain accurate project budgets, cost codes, contracts, and subcontract records from project setup through close‑out.
  • Prepare and review monthly project reporting, including cost‑to‑complete, forecasted profitability, and cash flow.
  • Proactively evaluate project forecasts and challenge assumptions where costs, timing, or scope appear unreasonable or unsupported.



Billing, Draws & Cash Flow

  • Partner with Project Managers to prepare monthly owner payment applications in accordance with contract terms.
  • Review and process AIA G702/G703 requisitions, ensuring alignment between approved scope, billing, and cost‑to‑date.
  • Prepare and support lender and owner draw packages, including backup documentation.
  • Monitor under‑ and over‑billings and resolve discrepancies in a timely manner.



Contracts, Change Orders & Compliance

  • Maintain project contracts and commitments; enter and track owner and subcontractor change orders, ensuring consistency between both.
  • Monitor subcontractor compliance with contract terms, including insurance, bonding, lien waivers, and billing requirements.
  • Review vendor activity to ensure all invoices are received, coded correctly, and processed promptly.



Month‑End Close & Reporting

  • Prepare and review month‑end journal entries, allocations, and reconciliations related to project costs and billings.
  • Perform cost‑to‑billing reconciliations and resolve reconciling items.
  • Ensure project financial reporting is accurate, GAAP‑compliant, and suitable for senior management review.



Partnership & Communication

  • Serve as a finance partner to Project Managers, providing insight into cost trends, risks, and opportunities.
  • Surface issues early and communicate clearly with Development and Accounting leadership.
  • Work collaboratively with internal teams and external stakeholders in a fast‑paced, deadline‑driven environment.

MPI does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, marital status, or based on an individual's status in any group or class protected by applicable federal, state or local law. MPI encourages applications from minorities, women, the disabled, protected veterans and all other qualified applicants.

The Successful Applicant

  • Bachelor's degree in Accounting or related field.
  • 5-7+ years of progressive experience in construction or real estate development project accounting (NY/NJ market strongly preferred).
  • Proven experience with:
    • Construction job cost accounting
    • AIA G702/G703 billing
    • Cost‑to‑complete forecasting and cash flow analysis
    • Lender/owner funding requests and reconciliations
  • Working knowledge of construction contracts, change orders, and subcontractor compliance.
  • Experience with Yardi and PayScan (or similar construction payment platforms).
  • Strong Excel skills; comfortable working with detailed financial data.

What's on Offer

  • Competitive salary ranging from $130,000 to $160,000 USD annually.
  • Outstanding health insurance with exceptionally low employee costs.
  • 401(k) plan with company match, fully vested after 4-5 years.
  • Eligibility for annual and project-based bonuses.
  • Enjoy Summer Fridays for a better work-life balance.
Contact
Elyssa Gotkin
Quote job ref
JN-042026-7006830

Job summary

Sector
Accounting
Sub Sector
Financial Accounting
Industry
Property
Location
Manhattan
Contract Type
Permanent
Consultant name
Elyssa Gotkin
Job Reference
JN-042026-7006830