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Construction Cost Accountant

Construction Cost Accountant

Posting Number 
Location : Location 
US-NY-New York
Posted Date 
Compensation Grade 
Band 52
Financial Operations & Treasurer (WS1220)
CDV-Office of the Controller

More information about this job

Position Summary

Reporting to the Assistant VP for Office of Construction Management Facilities and Construction Management and the Sr. Assoc. VP Financial Operations & University Controller (or their designee), the Analyst will work closely with the project managers and project teams to respond effectively and efficiently to all the financial aspects associated with a assigned projects. The Analyst will work closely with project leaders and department leaders to ensure timely communications regarding financial issues and challenges associated with capital projects. The Analyst is expected to identify process or system roadblocks which impede the successful delivery of capital projects and to recommend short and long term solutions. The construction cost accountant fulfills an important role, managing the cost controls of assigned capital projects including; project expenditures, cost forecasting, cost trends, change order compliance, cash-flow forecasting and project financial status reports. The analyst will be responsible to know the terms of contracts for each assigned capital project. The analyst will ensure invoices submitted for approval, are accurate and appropriate per the executed contract and contract documents. Responsibilities include reviewing invoices to ensure invoices are compliant with the schedule of values compared to project progress and contract terms. The analyst will review and manage change orders to verify compliance with the following; contracted unit pricing, labor-rates, contractual fees, overhead and insurance. Provide cash flow modeling for monthly expenses. Proactively coordinate expenses to meet cash flow commitments or models. Track trade holds, contingencies and other project allowances associated with capital projects. The analyst shall be responsible to recommend the approval or rejection of invoices to the project and department leadership within the structure of the delegation-of-authority. The analyst will be the primary interface with contractors and vendors for requesting information or clarification related to invoices and change orders. The analyst will be responsible to provide required information to contractors and vendors for rejected, modified or approved invoices. The analyst will ensure capital budgets and expenditures are accurately reflected in the University’s general ledger. They will also work closely with the Office of the Controller to ensure expenses eligible for capitalization are accurately identified and depreciated in accordance with University policies.


Required Education:
Bachelor Degree

Preferred Education:
BA in engineering, accounting, construction management or related fields MS or MA in engineering, engineering economics, construction management or related field or MBA

Required Experience:
3+ years of progressive responsibilities in cost engineering related to capital construction projects; proven track record of successful financial control and modeling for large complex capital projects.

Preferred Experience:
CPA, Detailed knowledge of construction project life-cycles, trend analysis and research based on industry analysis and modeling. Economic trends specific to the construction market locally, nationally and internationally.

Required Skills, Knowledge and Abilities:
Highly-developed communications skills (written/verbal). Demonstrated ability to handle sensitive information and documentation. Results orientation, including financial modeling and analysis for capital projects and programs. Resourceful, driven, self-motivated individual who can manage detailed financial obligations and objectives. Mastery of MS Excel including cost benefit analysis and cost forecasting tools. Familiarity with local, state and federal construction laws.

Preferred Skills, Knowledge and Abilities:

Additional Information

EOE/AA/Minorities/Females/Vet/Disabled/Sexual Orientation/Gender Identity

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