Construction Accountant

Company Description

Morguard is a fully integrated real estate company. We strategically invest in high-quality, well-located, multifamily assets across North America and our onsite teams are critical to our Communities' success.

Job Description

PURPOSE

The Construction Accountant is responsible for accounting and reporting activities related to residential and commercial renovation and development projects. This role works across multiple departments and is the liaison between construction, asset management and accounting. The position includes job costing, AIA billing, construction draw preparation and reconciliation, budget tracking, subcontractor payment processing, and preparation of quarterly and annual financial reports and work papers in accordance with GAAP and IFRS. The position reports to the Senior Vice President with additional oversight and reporting responsibilities to the Divisional Controller.

This is a hands-on individual contributor role responsible for ensuring all construction-related activity is accurately recorded, reconciled, reported, and analyzed to enhance performance.

Qualifications

DUTIES AND RESPONSIBILITIES

Construction Accounting

• Manage the full cycle job costing across all active construction projects, including cost coding, budget allocation, and variance tracking
• Prepare and process AIA billing documentation (G702/G703) and other standard forms for development projects
• Prepare construction draw packages for lender submission, including supporting schedules, invoices, and lien waivers
• Reconcile construction draws against project budgets, loan advances, and general ledger entries
• Track and reconcile retention payable and receivable across active projects
• Process subcontractor and vendor payments, including verification of insurance, lien waivers, and contract compliance
• Maintain budget-to-actual reporting at the project level and identify cost variances
• Support the timely capitalization and placement into service of completed projects
• Partner with internal teams to monitor redevelopment and new project progress

Financial Reporting

• Liaison with Property Accounting Team to facilitate construction-related journal entries, including accruals, reclassifications, and intercompany entries
• Support monthly and quarterly close processes for entities with construction activities
• Ensure all transactions are recorded in accordance with company accounting policies, procedures, and close timelines
• Prepare recurring and ad hoc reports related to project and capital activity
• Assist with accounting support for acquisitions, dispositions, leasing activity, and quarterly close processes

Systems, Process Support and Project Analytics

• Work within Yardi Job Cost and Construction Manager to maintain accurate project cost coding and reporting
• Develop and support construction draw processing SOPs and continuous workflow improvements
• Develop and generate project management reports to track hard and soft costs including materials, labor, time, interest, and loss of rents.
• Conduct project performance analysis and reporting to enhance outcomes
• Assist with system clean-up, data validation, and maintenance of construction-related accounts
• Identify opportunities to improve accounting processes, workflows, and reporting efficiency

Collaboration & Communication

• Serve as a key accounting contact for construction and development-related inquiries
• Coordinate with project managers, development teams, lenders, contractors, and internal stakeholders
• Communicate proactively regarding cost overruns, draw discrepancies, and process gaps
• Escalate unusual transactions or accounting issues appropriately
• Contribute to broader portfolio-wide capital initiative oversight efforts
• Support special projects assigned by management

This role is intended to be a long-term position supporting the continued growth of the construction and development pipeline. Success is measured by draw accuracy, general ledger integrity, close timeliness, proactive communication regarding project cost variances, and leveraging analytics to improve operational performance.

REQUIREMENTS

• 5+ years of accounting experience, including 2–4+ years in construction accounting (real estate development or general contractor environment preferred)
• Hands-on experience with AIA billing (G702/G703), construction draw processing, and job costing
• Familiarity with retention tracking, lien waiver processing, and subcontractor payment workflows
• Experience in a multi-entity or multi-project environment preferred
• Strong attention to detail, organization, and execution
• Ability to work independently while collaborating closely with accounting leadership
• ERP experience required; Yardi Job Cost and Construction Manager strongly preferred
• Proficiency in Excel, Power BI, IntelAgree, Copilot AI, and SharePoint is strongly preferred
• Experience with Sage 300 CRE, Procore, or NetSuite is a plus
• CPA preferred

Additional Information

Why you should join Morguard

At Morguard, our employees are our greatest investment. We make people our priority and strive to create a culture of respect, health and safety, and equal opportunity to support employees to meet their goals.

When you join Morguard, you join a strong and committed team and will have access to:

• Employer Provided Medical Insurance Options
• Excellent culture that supports a work-life balance with time off for Summer Hours, Vacation, Personal, Sick Leave, and Paid Holidays
• Education Reimbursement Program
• Dollar for dollar matching 401k Savings Plan with immediate vesting
• Opportunity to live onsite within portfolio with our Employee Discount

All job offers are subject to a pre-employment drug test and criminal/credit background check.

*Morguard is an equal opportunity employer

+This job description is intended to describe the nature and level of work being performed by individuals assigned to this position. It is not an exhaustive list of all responsibilities required of the job. Job descriptions may also be rewritten periodically to reflect any changes in the position’s duties.

Morguard is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status. 

Morguard participates in the E-Verify program to confirm eligibility to work in the United States. 

PRIVACY