Senior Accountant - Construction

About the role

The Senior Accountant manages the company's financial transactions with a strong focus on construction project accounting, cost control and contract financial management. The role ensures accurate financial reporting, monitors project costs and profitability, oversees day-to-day accounting operations, tracks project budgets, reconciles accounts and mentors accounting staff.

Key responsibilities

• Prepare monthly, quarterly and annual financial statements and record all financial transactions accurately, including project costs and revenues.
• Maintain the general ledger, accounts payable and accounts receivable, and track project profitability, work-in-progress (WIP) and job costing.
• Monitor revenue recognition under percentage-of-completion or completed contract methods.
• Assist with project budgeting, forecasting and financial planning, and monitor budgets against actual costs to identify variances and risks.
• Analyze construction costs (materials, labour, subcontractors) and support project managers with financial data.
• Ensure compliance with accounting standards, tax regulations and construction-specific financial practices, and review contracts, subcontractor agreements and billing terms.
• Support internal and external audits, including project audits, and ensure proper documentation for progress billing, retention and change orders.
• Strengthen internal controls related to project accounting and review project cost reports for accuracy and timeliness.
• Provide guidance on construction accounting practices, promote knowledge sharing, prepare financial and project performance reports for management, maintain records of contracts, invoices and cost reports, assist with cash flow forecasting and provide ad-hoc financial analysis.

Required profile

• 5-8 years of experience in accounting, preferably in the construction or contracting industry.
• Bachelor's degree in Accounting, Finance or a related field; CPA or ACCA is a plus.

Required skills

• Strong knowledge of job costing, WIP reporting and construction revenue recognition methods.
• Familiarity with construction contracts and cost structures.
• Proficiency in accounting software (e.g. ERP systems) and advanced Excel skills.