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ABCAPSTONE Group is a vertically integrated real estate company with expertise in investment, development and construction of residential and commercial projects. 

Over the last decade AB Capstone and its affiliates have been involved in over 1.0MM SF of ground-up development and value-add real estate projects.


Assist the Project Accountant in interfacing with clients, contractors, and project personnel in order to ensure the accurate and timely submittal of monthly requisitions and cost reports in accordance with the contract as well as corporate policy and procedures.

Key Areas of Responsibility

  • Review approved contractor requisitions and vendor invoices; identify and correct items without sufficient or proper backup documentation; and enter information into the computerized system to generate monthly requisitions for the client.
  • Review and administer the Project with regard to the terms of the contract. Monitor and analyze the project profitability / risk for projects with savings components and / or guaranteed maximum prices.
  • Review and analyze past cost trends as well as project future costs. Incorporate this information along with current requisition data into the monthly cost report which is the tool used for monitoring project costs and analyzing profitability / risk.
  • Prepare monthly bank, revolving fund, and petty cash reconciliations. Must have a strong understanding of the cash balances for the Project at all times.
  • In some cases, serve as the Site Office Manager by supervising and training clerical employees. Ensure sufficient levels of office equipment, supplies, and furniture through periodic inventory checks and logs.
  • Review the contractor’s insurance certificates and requests for rate increases to ensure that they are in compliance with the terms of their contract. Monitor the contractor’s payment and performance bonds if required by contract.
  • Prepare field payroll worksheets based on payroll hours obtained from the Project Superintendent. This information is given to the main office payroll department so that payroll checks can be processed. Prepare and pay union fringe benefit reports based on the payroll information submitted.
  • Manage the disbursal of funds from the client’s revolving fund account in addition to making payments after the monthly requisition has been funded. Prepare special computerized reports as requested by management or the client.

Knowledge, Skills, and Abilities

  • Knowledge of company and department policies and procedures.
  • Understanding of various types of construction contracts such as Construction Management as Agent, Owner’s Representative, Guaranteed Maximum Price, Lump Sum, etc.
  • Analyze situations and data to resolve existing or potential problems.
  • Plan and monitor the activities of one or more areas.
  • Training on Employer’s computerized system is required as well as proficiency in PC based applications such as Microsoft Word and Excel.
  • Good management and organizational skills including the ability to work on several projects simultaneously, meet critical deadlines, and determine the priority of assignments based on deadlines that must be met.
  • Communicate effectively both in writing and verbally. Must have strong interpersonal and influencing skills needed to communicate with the variety of participants involved with a construction project.
  • Ability to manage contractors’ expectations in order to keep them working when payments are delayed or not in the amount expected.
  • Quickly provide cost projections and various analysis so that management and the client are able to make informed decisions.

Minimum Requirements

  • Work Experience Requirements
  • Construction related experience and knowledge of industry jargon and industry trade agreements is required. Minimum of five years of related construction accounting experience.

Preferred Qualifications

  • Education Requirements
  • Accounting degree or sufficient accounting experience to ensure knowledge of generally accepted accounting principals is required.
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