Project Accountant

McGough is a respected partner that brings six generations of experience to high profile, unique and complex construction projects. We take great pride in our people and their extraordinary expertise in planning, development, construction and facility management. McGough employee tenure reflects the commitment and pride we share in our work. Ask anyone who knows us - the caliber of our people sets us apart.

PROJECT ACCOUNTANT

The Project Accountant is responsible for working collaboratively with project team to deliver accurate and timely financial reporting, analysis, and guidance for assigned construction projects, while ensuring initial level of compliance and check/balances for oversight of project-specific financial transactions. He/she is responsible for all facets of the day-to-day accounting for the specific project from pre-construction to post-construction. This role serves as a key partner to project teams, providing oversight for project financial transactions and ensuring compliance with company policies, contractual requirements, and accounting standards.

The Project Accountant exercises independent judgment and discretion in reviewing, approving, and interpreting financial data, resolving complex accounting issues, and advising project managers on financial decision-making. This position requires a high degree of analytical skill, professional expertise, and accountability

QUALIFICATIONS:

Required:

• High school diploma or GED required
• 2+ years of Accounting/Finance experience

Preferred:

• Bachelor's degree in accounting or business
• Construction Industry experience
• 4-7 years of Accounting/Finance experience

Skills:

• Attention to detail and high level of accuracy
• Ability to organize and prioritize responsibilities
• Strong problem-solving skills, basic accounting principles knowledge, documentation skills, research and resolution skills
• Excellent verbal and written communication
• Proficiency in Microsoft applications, especially with Excel
• Ability to function as an integral team member, working under time constraints and meeting deadlines in a changing environment
• Ability to take initiative and work independently with minimal supervision
• Embodies personal integrity and keeps confidences
• View every interaction as an opportunity to add value and enhance relationships

OFFICE AND TRAVEL:

Works in corporate office with periodic regional travel.

RESPONSIBILITIES AND TASKS:

Project Accounting:

• Review and interpret project contracts to ensure compliance with all financial terms, including billing rates, retention, and cost controls. Collaborate with Project Managers to confirm the accuracy of equipment pre-bill reports and work closely with Procurement, Operations, and Human Resources to maintain accurate data flow and consistent project reporting.
• Evaluate project costs to ensure accuracy and proper allocation. Identify and correct any misapplied charges, and use sound judgment to approve, revise, or reject vendor and subcontractor billings in accordance with contract requirements and company policy.
• Provide financial analysis and insights to project teams, including forecasting, variance reporting, and cash flow management. Advise Project Managers on budget performance, cost trends, and financial risks.
• Manage project billings and reconciliations, ensuring accuracy, timeliness, and compliance with contract and accounting standards. Monitor customer and subcontractor contract values, providing proactive financial guidance to support project objectives.
• Support internal and external audits through preparation of reconciliations, documentation, and detailed financial reports. Ensure compliance with GAAP or IFRS standards, applicable tax laws (including sales/use tax), and local regulatory requirements.
• Oversee project closeout processes, ensuring all documentation is accurate, complete, and finalized in accordance with established procedures and timelines.
• Serve as a subject matter expert in CMiC (or equivalent ERP system) to support efficient and accurate project financial management.
• Educate and advise subcontractors on lien waiver requirements across all applicable tiers (I-IV), ensuring compliance and protecting company interests.

Administrative Accounting:

• Prepare and post journal entries, ensuring accuracy and compliance with GAAP and company accounting policies.
• Manage and track change orders and lien waivers, maintaining compliance with all subcontractor tiers (I-IV) and contractual requirements.
• Verify, code, and process invoices accurately and on schedule to support timely financial reporting across assigned projects.
• Collaborate across organization to ensure data integrity, resolve discrepancies, and maintain consistency across systems and reports.
• Monitor and process all project costs promptly to ensure accurate and up-to-date financial records.

Communication with Project Management Team & Other Stakeholders:

• Verifying for approval of the coding and process of subcontractor and supplier invoices timely
• Review equipment pre-bill reports…