Construction & Development Accountant

Job Type: Full time

Job Number: JR-025398

Location: Salt Lake City,
UT

If you’re passionate about building a better future for individuals, communities, and our country-and you’re committed to working hard
to play your part in building that future-consider WGU as the next step in your career.

Driven by a mission to expand access to
higher education through online, competency-based degree programs, WGU is also committed to being a great place to work for a diverse
workforce of student-focused professionals. The university has pioneered a new way to learn in the 21st century, one that has received
praise from academic, industry, government, and media leaders. Whatever your role, working for WGU gives you a part to play in helping
students graduate, creating a better tomorrow for themselves and their families.

The salary range for this position takes into
account the wide range of factors that are considered in making compensation decisions including but not limited to skill sets; experience
and training; licensure and certifications; and other business and organizational needs.

At WGU, it is not typical for an individual
to be hired at or near the top of the range for their position, and compensation decisions are dependent on the facts and circumstances of
each case. A reasonable estimate of the current range is:

Grade: Professional 309 Pay Range: $80,300.00 – $120,400.00

Job
Description

Oversees construction draw accounting, project cost verification, developer risk management, and financial controls for
construction and development projects. Validates construction pay applications, monitors project budgets, coordinates with lenders,
architects, contractors, and consultants, and ensures accurate financial reporting and compliance with contractual and loan requirements.

Responsibilities

Organizational Impact:

• Develops and recommends financial controls and project
  accounting procedures aligned with organizational objectives.
• Performance directly impacts project financial integrity, risk
  management, and cash flow oversight.

Problem Solving & Decision Making:

• Identifies project financial risks,
  cost overruns, and discrepancies that require corrective action.
• Exercises independent judgment when evaluating construction pay
  applications and financial documentation.

Communication & Influence:

• Serves as a key liaison among
  developers, contractors, architects, lenders, consultants, and accounting teams.
• Communicates project financial status and risk
  exposure to management and stakeholders.

Leadership & Talent Management:

• May coordinate the activities of
  project accountants, consultants, or external reviewers.
• Supports process improvements and training related to construction
  accounting and draw administration.

Primary Responsibilities

• Reviews and validates construction pay
  applications against the approved Schedule of Values (SOV).
• Confirms costs are billed to the appropriate budget and contract
  categories.
• Identifies and prevents front-loading or overbilling of project costs.
• Verifies percentage completion through
  review of prior pay applications, progress reports, site inspection reports, and third-party validations.
• Coordinates with owners’
  representatives, architects, inspectors, lender consultants, and project controls personnel to validate construction
  progress.
• Reviews and collects partial lien waivers and releases from contractors, subcontractors, and suppliers.
• Ensures
  prior payments have been properly disbursed to subcontractors and vendors.
• Protects the developer from mechanic’s lien exposure
  through proper documentation and compliance.
• Reconciles change orders and verifies that all billed changes are formally approved and
  contractually authorized.
• Ensures no unauthorized or pending change order work is included in payment requests.
• Calculates
  and verifies retainage withholding in accordance with contractual requirements.
• Performs arithmetic validation of pay applications,
  including formulas, totals, prior payments, and remaining balances.
• Reviews supporting documentation, including subcontractor
  invoices, payroll reports, schedules, and construction backup.
• Tracks project budgets against actual expenditures and identifies
  potential cost overruns or financial risks.
• Monitors project burn rates and flags signs of financial stress or budget
  deviations.
• Coordinates architect certifications and lender inspection approvals for draw requests.
• Ensures compliance with
  lender draw requirements, loan covenants, and contingency tracking.
• Coordinates with internal accounting and finance teams on
  project funding and cash flow management.
• Approves finalized draw packages for funding authorization and payment
  processing.
• Prepares project financial reports and communicates risk exposure to management.
• Performs other related duties
  as assigned.

This job description provides a general representation of job requirements rather than a comprehensive list of all
responsibilities or work activities. The contents of this document and related job requirements may change at any time, with or without
notice.

Qualifications

Knowledge, Skills, and Abilities

• Strong knowledge of construction
  accounting, project budgeting, and draw administration.
• Strong analytical and reconciliation skills.
• Knowledge of
  construction contracts, lien waiver processes, and change order management.
• Understanding of construction lending and draw
  compliance requirements.
• Strong written and verbal communication skills.
• Strong organizational and time management
  skills.
• Proficient in Microsoft Office Suite, particularly Excel.
• Experience with ERP systems, project accounting systems,
  or construction accounting software preferred.

Education

• Bachelor’s degree in Accounting, Finance,
  Construction Management, or a related field required.

Experience

• 5+ years of experience in construction
  accounting, project accounting, real estate development, or related financial operations.
• Experience reviewing construction draws,
  pay applications, and project budgets preferred.

Preferred Qualifications

• Certified Public Accountant (CPA)
  or related certification preferred.
• Experience working with construction lenders, developers, or commercial real estate
  organizations.
• Knowledge of AIA G702/G703 forms and construction draw processes preferred.

Additional
Requirements

Experience in lieu of education

Equivalent relevant experience performing the essential functions of
this job may substitute for education degree requirements. Generally, equivalent relevant experience is defined as 1 year of experience for
1 year of education and is the discretion of the hiring manager.

Travel

This position requires occasional travel of up
to 20%, including required attendance at designated company summits (typically one to two per year). Additional travel may include
conferences, visits to company locations, and other business-related events as needed. Additional travel may be assigned as needed to
support business requirements

Position & Application Details

Full-Time Regular Positions (classified as regular and
working 40 standard weekly hours): This is a full-time, regular position (classified for 40 standard weekly hours) that is eligible for
bonuses; medical, dental, vision, telehealth and mental healthcare; health savings account and flexible spending account; basic and
voluntary life insurance; disability coverage; accident, critical illness and hospital indemnity supplemental coverages; legal and identity
theft coverage; retirement savings plan; wellbeing program; discounted WGU tuition; and flexible paid time off for rest and relaxation with
no need for accrual, flexible paid sick time with no need for accrual, 11 paid holidays, and other paid leaves, including up to 12 weeks of
parental leave.

How to Apply: If interested, an application will need to be submitted online. Internal WGU employees will need to apply
through the internal job board in Workday.

Additional Information

Disclaimer: The job posting highlights the most
critical responsibilities and requirements of the job. It’s not all-inclusive.

Accommodations: Applicants with disabilities who
require assistance or accommodation during the application or interview process should contact our Talent Acquisition team at recruiting@wgu.edu.

Equal Employment Opportunity: All qualified applicants will receive
consideration for employment without regard to any protected characteristic as required by law.

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