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Project Accounting Manager
Job in
Oakbrook Terrace, DuPage County, Illinois, USA
Listed on 2026-02-01
Listing for:
Connect Search, LLC
Full Time
position Listed on 2026-02-01
Job specializations:
-
Accounting
Accounting Manager -
Management
Job Description & How to Apply Below
The Project Accounting Manager will lead the project accounting function for a growing construction firm and serve as the primary financial partner to Project Managers, Operations, and senior leadership. This role oversees job cost accounting, billing, WIP reporting, and project financial controls across multiple active projects. The ideal candidate brings strong construction accounting expertise, leadership capability, and the ability to drive process improvements in a fast-paced project environment.
Key Responsibilities- Oversee job cost accounting for assigned projects, ensuring accurate tracking of labor, materials, subcontractors, equipment, and change orders
- Review and validate project budgets, cost codes, committed costs, and forecasting updates
- Partner with Project Managers to analyze cost variances, profitability, and margin trends
- Ensure timely and accurate updates to project forecasts, contingency usage, and EAC (estimate-at-completion)
- Prepare and review monthly WIP schedules and percentage-of-completion calculations
- Support monthly close by validating job cost accruals, committed costs, unbilled revenue, and retainage
- Develop accurate, timely project financial reports for management and operations
- Maintain compliance with GAAP and construction-specific accounting practices
- Oversee progress billings
, pay applications, lien waivers, and related documentation - Coordinate with PMs to ensure billing accuracy and alignment with contract terms
- Monitor collections, retainage, and aging to support strong cash flow
- Resolve billing discrepancies and support customer and subcontractor inquiries
- Manage and mentor a team of project accountants and AP/AR staff supporting field operations
- Review and approve project accountants’ work for accuracy and completeness
- Provide training to PMs and field staff on job cost processes, billing, and financial controls
- Support recruitment and development of accounting team members
- Drive process improvements to enhance job cost tracking, reporting, and close efficiency
- Support ERP enhancements, configuration, and system adoption (Sage 300, Viewpoint/Vista, CMiC, Procore, Jonas, etc.)
- Strengthen internal controls around job cost management, billing, and documentation
- Promote standardization of project accounting workflows across all business units
Required
- Bachelor’s degree in Accounting, Finance, or related field
- 5–8+ years of progressive accounting experience with strong construction industry exposure
- Hands-on experience with job cost accounting, WIP reporting, and progress billing
- Ability to interpret construction contracts, subcontract agreements, and change orders
- Strong communication and partnership skills with PMs and Operations teams
- Proficiency with construction accounting or ERP systems
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