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Construction Project Accountant (Title: Project Cost Control Specialist)

Company: Stanford Hotels Corporation
Location: San Francisco
Posted on: February 10, 2024

Job Description:

Salary Range: $36.06-$40.87

The Construction Project Accountant is a member of the Design & Construction team whose primary responsibilities are addressing accounting for construction projects. The Construction Project Accountant will report to the Senior Director of Design and Construction at the corporate office, located in San Francisco, CA.


-Review AIA contracts and identify contractual terms for audit payment application purposes
-Review/audit Guaranteed Maximum Price (GMP) invoices ensuring documentation supports the transactions, receive approval and send reminders regarding urgent/late unapproved payments
-Review and enter all other project related charges-reclassify journal entries
-Review and reconcile vendor statements in collaboration with PMs for outstanding invoices, while communicating with both vendors and team members on the status of invoices and checks
-Provide General Contractors with timely payments in collecting lien waivers.
-Reconcile Construction-in-Process (CIP) and Capital renovation monthly to the project account reports
-Project Manager/Project Director to define % complete while Project Cost Control Specialist (PCCS) to analyze that billings reflect correct % work completed amounts
-Reconcile Construction Cost Report for % complete, Paid-to-Date, Prior Approved Pending Payment, Current Billing, Remaining Balance, Contract Amount, Approved Change Order, and Pending Change Order amounts
-Reconcile vendor account status for the aforementioned categories against the Project Cost Report and the monthly progress and/or final billings of General Contractor, specialty contractors, vendors, design consultants, and specialty consultants
-Conduct final audit for final payments to Contractor, Vendors, and/or Consultants
-Review and approve that all preconditions for progress and final payments are met before endorsing payments
-Review Contract Agreements and Purchase Order Agreements for payment requirements
-Manage payment application and approval process to ensure timely approval in compliance with Contract terms; alert when any party is delaying process
-Review and analyze project cost commitment status and risk exposure
-Tracks and analyzes capital proposals, approvals, changes, proposed costs
-Accounting for all open projects, tracking change orders, direct and indirect costs. Communicate with Accounting about any changes or checks to be expedited
-Process monthly general contractor payment applications
-Assist with loan draw by prepare documentation package to upload in Box / construction project lender, respond to lenders' questions
-Review team member expense reports
-Processing invoices and payments, tracking and reconciling to general ledger
-Mail checks, when necessary
-Review required Insurance Certifications and Lien Releases
-Cost commitment system
-Familiar with all aspects of project costs: preconstruction, consultant costs and construction costs
-Ad hoc projects

-Bachelor's Degree in Business or Accounting
-Must be detail oriented and organized.
-Proactive communication and problem solving skills
-Strong Excel and Word experience
-Ability to work independently with limited direction from manager
-3+ years of accounting or construction account experience
-Understanding of the construction process, including legal issues and contractual method, to include project costs
-Great Plains, Procore, Box, Textura, FRX experience preferred

-Medical/Dental/Vision Plans
-Exercise/Gym Discounts
-Weight Mgmt./Healthy Eating Programs
-Nursing Mothers Programs
-Life Insurance / Accidental Death & Dismemberment
-Accident Insurance / Critical Illness Insurance / Hospital Insurance
-Long-Term Disability & -Short-Term Disability
-401k - with a match!
-Financial Coaching
-Discount Programs - travel & lifestyle / commuter
-Career Development
-Education Assistance
-Team Building Activities (onsite/off-site)
-Employee Assistance Programs
-Mental Health Support Tools
-Holiday pay - 8 days! / Competitive Vacation Time / Sick Pay
Stanford Hotels Corporation is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. If you need accommodation for any part of the application process because of a medical condition or disability, please call 415-266-9821 or email Rebecca Dawes at to let us know the nature of your request.

Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.

Keywords: Stanford Hotels Corporation, San Francisco , Construction Project Accountant (Title: Project Cost Control Specialist), Professions , San Francisco, California

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