Senior Accountant (Construction Industry)

Job Summary :

The Senior Accountant is responsible for managing the company’s financial transactions with a strong focus on construction project accounting, cost control, and contract financial management. This role ensures accurate financial reporting, monitors project costs and profitability, and supports strategic decision-making. The position involves overseeing day-to-day accounting operations, tracking project budgets, reconciling accounts, and mentoring accounting staff.

Key Responsibilities :

1. Financial Reporting & Project Accounting

• Prepare monthly, quarterly, and annual financial statements.

• Ensure accurate recording of all financial transactions, including project-related costs and revenues.

• Maintain general ledger, accounts payable, and accounts receivable.

• Track and report on project profitability, work-in-progress (WIP), and job costing.

• Monitor revenue recognition in line with percentage-of-completion or completed contract methods.

2. Budgeting, Cost Control & Financial Analysis

• Assist in project budgeting, forecasting, and financial planning.

• Monitor project budgets vs. actual costs, identifying variances and risks.

• Analyze construction costs (materials, labor, subcontractors) and provide insights.

• Support project managers with financial data for decision-making.

3. Compliance, Contracts & Auditing

• Ensure compliance with accounting standards, tax regulations, and construction-specific financial practices.

• Review and monitor contracts, subcontractor agreements, and billing terms.

• Support internal and external audits, including project audits.

• Ensure proper documentation for progress billing, retention, and change orders.

• Identify and strengthen internal controls related to project accounting.

4. Supervision & Mentoring

• Review project cost reports and ensure accuracy and timeliness.

• Provide guidance on construction accounting practices and systems.

• Promote knowledge sharing and professional development within the team.

5. Reporting & Documentation

• Prepare financial and project performance reports for management.

• Maintain organized records of contracts, invoices, cost reports, and supporting documents.

• Assist with cash flow forecasting based on project timelines and billing cycles.

• Provide ad-hoc financial analysis for ongoing and upcoming projects.

Qualifications, skills and requirements :

• 5–8 years of experience in accounting, preferably within the construction or contracting industry.

• Bachelor’s degree in Accounting, Finance, or related field; CPA or ACCA is a plus.

• Strong knowledge of job costing, WIP reporting, and construction revenue recognition methods.

• Familiarity with construction contracts and cost structures.

• Proficiency in accounting software (e.g., ERP systems) and advanced Excel skills.