Senior Project Accountant
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Senior Project Accountant (Full-Time, Permanent Hire, Onsite-Chicago)
Location: Chicago, IL, Onsite 5-days (Inner City, Not Suburbs)
Employment Type: Full-Time, Permanent Hire
Industry: Construction/Project Accounting
Compensation
- $70K-$90K base salary + benefits (Medical/Dental/Vision/401k w/%match, PTO)
About the Opportunity
We are seeking a Senior Project Accountant to support multiple large-scale commercial construction + sub-contractor projects across the Chicagoland area. This position serves as a key financial partner to Project Managers and Operations leadership, overseeing project financial performance, cost management, billing, forecasting, and contract compliance from project startup through closeout.
Key Responsibilities
Project Accounting
- Manage the full financial lifecycle of commercial construction projects.
- Review and analyze project costs, budgets, commitments, change orders, and forecasts.
- Partner with Project Managers to monitor project financial performance and profitability.
- Maintain accurate project cost reporting and job cost allocations.
- Identify cost overruns, financial risks, and billing opportunities.
Billing & Revenue Recognition
- Prepare and process owner billings, including AIA applications and supporting documentation.
- Track retainage, lien waivers, and contract requirements.
- Monitor unbilled revenue and billing status across assigned projects.
- Ensure revenue recognition is performed in accordance with company policies and construction accounting standards.
Project Financial Reporting
- Prepare monthly project financial reports and variance analysis.
- Review and reconcile project budgets, forecasts, and cost-to-complete schedules.
- Provide project profitability analysis to operations and finance leadership.
- Support monthly, quarterly, and annual financial close activities.
Contract Administration
- Review owner contracts, subcontract agreements, and change orders for financial impact.
- Monitor project compliance requirements and contractual obligations.
- Assist with subcontractor