ACCOUNTANT (CONSTRUCTION)

Job Summary:

The Construction Accountant will oversee financial operations, ensure accurate project costing, and maintain compliance with accounting standards in the construction industry. This role requires expertise in job costing, progress billing, and financial reporting for construction projects.

Key Responsibilities:

1. Financial Management & Reporting

• Prepare monthly/quarterly financial statements (P&L, balance sheets, cash flow) for construction projects.

• Monitor project budgets, variances, and cost-to-complete analyses.

• Reconcile intercompany transactions and bank statements.

2. Project Costing & Billing

• Track job costs (labour, materials, subcontractors, equipment) and allocate expenses to correct projects.

• Prepare progress billing/claims (including AIA documents) and ensure timely client invoicing.

• Review subcontractor invoices and verify compliance with contract terms.

3. Compliance & Audit

• Ensure compliance with accounting standards (SFRS/IFRS) and tax regulations (GST, withholding tax).

• Liaise with auditors for year-end financial audits and project-specific reviews.

• Maintain proper documentation for construction-related deductions (e.g., PIC claims).

4. Vendor Management

• Use construction-specific accounting software (MYOB).

• Implement cost-control measures and improve financial workflows.

Requirements:

• Education:Degree in Accounting/Finance or ACCA equivalent.

• Experience:5+ years in construction accounting (preferred) or project-based industries.

• Skills:

  • Proficiency in job costing, progress billing, and retention accounting.

  • Knowledge of GST for construction.

  • Advanced Excel (PivotTables, VLOOKUP) and accounting software.

• Attributes:Detail-oriented, able to meet tight deadlines, and adaptable to site-based financial needs.

Working Conditions:

• Office-based with occasional site visits for Audit verification.

• Tight reporting cycles (e.g., monthly project closures).

• Work alongside diverse colleagues – from junior staff to executives – to align financial strategies with business goals.