QBO Construction Accounting Specialist (WIP & Job Costing)
Ace CPAs · Karachi
Job description
About the role
A remote, full-time contractor position for a QBO Construction Accounting Specialist who owns the monthly accounting cycle for U.S.-based construction clients. The role focuses on job costing, WIP schedules, percentage-of-completion revenue recognition and accrual-based reporting, producing financials that a CFO or external auditor can rely on. It is an internal role with defined growth opportunities within the accounting team.
Key responsibilities
- Prepare and maintain monthly WIP schedules using the percentage-of-completion method, including estimated cost to complete, earned revenue and over/under billing calculations
- Review project profitability reports and investigate jobs with no revenue, no costs or margins outside expected ranges
- Ensure costs are properly assigned to jobs and coordinate with client project managers for contract values, change orders and job status
- Record monthly COGS accruals, post WIP adjustment entries and perform the month-end close (bank, AP/AR and balance sheet reconciliations, payroll review)
- Distinguish direct job costs from indirect overhead and treat leases under ASC 842 where applicable
- Produce monthly financial packages (P&L, balance sheet, project profitability summary, WIP schedule) and flag anomalies such as negative gross profit or COGS exceeding revenue
- Maintain clean naming conventions in QBO and support audit readiness with organized documentation
- Act as the primary accounting contact for assigned clients, raising issues before posting entries and giving clear status updates on the close
Required profile
- Construction industry accounting experience, including job costing, WIP schedules and percentage-of-completion revenue recognition
- Completed ACCA, CA, CMA or finalist
- Professional proficiency in English and ability to work EST hours (Monday to Friday)
- Ability to work independently, manage multiple client deadlines and escalate appropriately
Required skills
- QuickBooks Online (non-negotiable), including project/job tracking, customer/sub-customer structures and class/location tagging
- Strong understanding of accrual accounting, COGS accruals and over/under billing
- Advanced Excel / Google Sheets, including pivot tables and lookups, and building WIP workbooks from scratch
- Preferred: construction reports, subcontractor billing cycles, retainage and bonding costs, ASC 842 and ASC 606 exposure
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Published 1 hour ago
Expires 1 month from now
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Ace CPAs
Karachi
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