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University of Rochester Logo University of Rochester · Finance

Sr. Cost Accountant, Construction

United States of America, Rochester 70197.00 - 105295.00 USD / Year · Job Posted February 20, 2026
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Job Description

The Construction Accountant is responsible for supporting the financial integrity and operational efficiency of the University’s Facilities projects. This position is responsible for managing project accounting, project cash flows, vendor billing, contracting, and financial reporting for capital construction projects. Acting as a strategic partner to Facilities project managers and internal and external stakeholders, the accountant ensures that all capital project finances are accurate, compliant, and aligned with the University’s organizational goals.

Job Responsibility

  • Analyze and track financial performance across the highest value capital projects
  • assist in preparing financial reports for executive review, including project P&Ls and cash flow forecasting
  • Performs regular reconciliations, audits, and financial analysis to ensure compliance and accuracy
  • Provide audit and budget findings and ensures the project makes all corrections
  • Assist in creating project financial processes that can be used enterprise-wide
  • Responsible for developing and presenting monthly project status updates, financial updates, budget variances, cash flows, and resolution of issues to project managers and leadership
  • Maintain strong communication with project managers, project Directors, and Facilities and Executive leadership regarding project financials
  • Assess project financial risks and report project plan to mitigate risks
  • Support project managers with contract documentation, change orders, and any other accounting activities related to the project
  • This position reviews all project change orders and ensures proper backup documentation, working with the project manager and CM/GCs to ensure the changes align with project needs and the change order values are in line with current market trends
  • Understands project contracts with vendors and the Owner’s and vendors contractual rights
  • Responsible for tracking vendor payment compliance, processing vendor requisitions, contract verification, reviews invoices and supporting documentation
  • This position will assist project managers in drafting contracts and purchase orders with A/Es, CM/GCs, and other construction vendors
  • This position will also assist in creating bids and RFPs for the assigned projects
  • Resolve issues as needed related to invoicing, pay applications, and retainage
  • Other duties as assigned

Requirements

  • Bachelor's Degree in Finance, Accounting, Construction, Architecture, Civil Engineering or related discipline required
  • 4 years related field experience in construction finance required
  • or equivalent combination of education and experience required
  • Advanced knowledge of construction contracting, procurement and project financial management required

Nice to have

Master’s Degree in Finance, Accounting or MBA preferred

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