Project Accountant
Description: Job Description Project Accountant Location: Queens, NY Schedule: Monday–Friday, 8:00 AM – 5:00 PM About the Role: Project Accountant – Real Estate Development Job Summary We are seeking an experienced Project Accountant to support real estate development projects from pre-construction through project completion. This role manages project accounting, budgeting, and financial reporting, and works closely with Development and Project Management teams to ensure accurate financial controls, timely draw submissions, and strong project visibility. The ideal candidate has deep experience in real estate development accounting, including SAGE 300. AIA G702/G703 draw applications, lender reporting, and construction cost tracking. Key Responsibilities Project Accounting & Job Costing: Set up and manage accounting for real estate development projects; track costs, analyze variances, and prepare WIP and project profitability reports. Billing & Draws: Prepare and submit owner and lender draw packages, including AIA G702/G703 applications for payment; review and process subcontractor and vendor pay applications; monitor client and lender receivables. Budgeting & Forecasting: Develop and update project budgets, perform cost-to-complete analysis, forecast cash flow, and provide financial insights throughout the project lifecycle. Compliance & Controls: Ensure adherence to GAAP, company policies, partnership agreements, loan covenants, and contract terms; assist with internal and external audits. Cross-Functional Collaboration: Partner with Development Managers, Project Managers, and Asset Management teams on contracts, change orders, approvals, and financial performance analysis. Month-End Close & Reporting: Prepare journal entries, reconciliations, and monthly financial reports for projects and entities, ensuring accurate financial data. Process Improvement: Recommend and implement process enhancements for accounting systems, reporting, and internal controls to improve efficiency and accuracy. Leadership (Senior Level): Train and mentor junior staff, review their work for accuracy, and communicate project-level financial risks and recommendations to management. Qualifications & Skills Bachelor’s degree in Accounting or Finance 5 years of experience in real estate development or construction project accounting Proficient in GAAP, job costing, WIP, and draw processes Experience preparing AIA G702/G703 applications for payment and managing lender reporting Strong experience with real estate accounting software and advanced Sage 300 and Excel skills Excellent analytical, organizational, and problem-solving abilities Strong communication skills and ability to collaborate across teams We are an equal opportunity employer and comply with all applicable federal, state, and local fair employment practices laws. We strictly prohibit and do not tolerate discrimination against employees, applicants, or any other covered persons because of race, color, religion, creed, national origin or ancestry, ethnicity, sex, sexual orientation, gender (including gender identity and expression), marital or familial status, age, physical or mental disability, perceived disability, citizenship status, service in the uniformed services, genetic information, height, weight, or any other characteristic protected under applicable federal, state, or local law. Applications from members of minority groups and women are encouraged. Responsibilities: Skills:
