• Own and maintain monthly Estimated/Anticipated Cost at Completion at the project level.
• Partner with Project Managers to:
• Review committed costs, actuals, and pending exposures.
• Identify forecast variances and risk areas.
• Update cost projections based on scope changes and field intelligence.
• Ensure forecast integrity through documented assumptions and variance explanations.
• Escalate material risks or budget overruns with recommended mitigation strategies.
• Support project budget setup and changes within financial systems.
• Validate that budgets are properly structured (cost codes, categories, contingencies).
• Monitor budget vs. actual vs. committed spend.
• Identify discrepancies and coordinate corrective action with PMs and Finance.
• Maintain clean budget hygiene and audit-ready documentation.
• Serve as a financial partner to the PM team to maintain cost discipline.
• Provide structured reporting on budgets vs actuals, committed costs, forecast variances.
• Flag early warning indicators of budget overrun.
• Support PMs in corrective planning (reallocations, contingency usage, cost mitigation strategies).
• Monitor PO issuance against approved budgets.
• Ensure POs align to approved cost codes and budget limits, and that proper documentation and approvals are in place.
• Identify and resolve open or stale commitments to maintain accurate committed cost reporting.
• Partner with Procurement and PMs to improve PO discipline.
• Monitor the aging of customer billings and follow up as required. Submit monthly reports on Accounts Receivable (A/R) Aging to management.
• Review project Accounts Payable (A/P) to ensure correct coding and entry.
• Process change orders, contracts, release of liens and subcontractor payment applications.
• Bachelor’s degree in Accounting, Finance, Construction Management, or related field.
• 3–7+ years of experience in project accounting, cost management, construction finance, or project controls.
• Strong understanding of:
• Budget development and tracking
• Cost forecasting (EAC/CAC methodologies)
• Commitment accounting
• PO lifecycle management
• Advanced Excel proficiency; ERP/project accounting system experience preferred.
• Ability to work cross-functionally with project teams and finance.
• Strong analytical, documentation, and process discipline skills.
• Forecasting rigor
• Financial controls orientation
• Detail oriented
• Risk identification and mitigation
• Cross-functional collaboration
• Project costing & accounting best practices
• Accuracy and reliability of monthly cost-at-completion forecasts.
• Reduction in budget overruns due to improved early detection.
• Clean PO lifecycle management (minimal stale commitments).
• Improved adherence to budget approval controls.
• Increased financial visibility for PM leadership and Finance.