Construction & Development Accountant

Responsibilities

• Oversee construction draw accounting, project cost verification, and financial controls for development projects.
• Review and validate construction pay applications against approved Schedules of Values (SOV).
• Verify percentage of completion through progress reports, site inspections, and third-party validations.
• Manage lien waiver processes by collecting partial waivers and releases from contractors and suppliers.
• Reconcile change orders and ensure all billed changes are formally approved and contractually authorized.
• Track project budgets against actual expenditures to identify potential cost overruns or financial risks.
• Coordinate with architects, lenders, and contractors to ensure compliance with loan covenants and draw requirements.
• Prepare project financial reports and communicate risk exposure to management and stakeholders.

Requirements

• Bachelor's degree in Accounting, Finance, Construction Management, or a related field.
• 5+ years of experience in construction accounting, project accounting, or real estate development.
• Strong knowledge of construction contracts, lien waiver processes, and change order management.
• Proficiency in Microsoft Office Suite, particularly Microsoft Excel.
• Strong analytical, reconciliation, and communication skills.

Preferred Qualifications

• Certified Public Accountant (CPA) or related professional certification.
• Experience working directly with construction lenders or commercial real estate organizations.
• Familiarity with AIA G702/G703 forms and standard construction draw processes.
• Experience using ERP systems or specialized construction accounting software.

Benefits

• Medical, dental, vision, telehealth, and mental healthcare.
• Health Savings Account (HSA) and Flexible Spending Account (FSA) options.
• Retirement savings plan and life insurance.
• Flexible paid time off (PTO) and flexible paid sick time.
• 11 paid holidays and up to 12 weeks of parental leave.
• Discounted WGU tuition.

About the Company

Western Governors University (WGU) is a leading accredited online university founded to make higher education more accessible through competency-based degree programs. We are committed to building a diverse workforce and providing a mission-driven environment where professionals can help students achieve their educational goals.