The Project Accountant is responsible for the processing and documentation of all pertinent financial data and transactions associated with the property development and construction accounting functions for multiple entities. Activities include those related to equity contributions, contracts, payables, receivables, payroll, property taxes, and budget reports.

Compensation: $75,000 - $80,000

PRINCIPLE DUTIES:

• Construction job costing
• Job Cost and General Ledger journal entries
• Monthly bank reconciliations for multiple project bank accounts
• Manage daily cash flow
• Bank transfers and cash deposits
• Monthly closing and financial reporting of multiple entities
• Periodic reviews and reconciliations of accounts, contracts and budgets
• Preparation of year-end tax work papers
• Work with internal/external auditors
• Monthly report of marketing budget and job costing progress
• Maintain customer relationship with project contractors, vendors, consultants, on-site teams, equity partners and lenders
• Track and reconcile preconstruction deposits against Square deposits monthly
• Coordinate issuance and distribution of payments to contractors, consultants & vendors
• Allocate project and operations start up employees benefit premiums and other costs between various departments
• Development Payroll

ADDITIONAL DUTIES:

• Construction Loans, Bonds, Insurance Requirements, Liens, Billings
• Contractor billing review and authorization (including lien release collection, tracking and analysis)
• Monthly preparation and submission of construction loan draw requests to the lender
• Offsite stored materials tracking & reporting to the lender
• Manage Budget Projections
• Periodic cost savings analysis with each project team
• Receive, deposit, and track resident upgrades
• Issue resident refunds for upgrades and/or processing fees
• Compare and consolidate project budget to lender budget and regularly adjust the lender budget as needed
• Track construction loan pay downs including estimating interest accruals and advising the equity partner on proper timing for pay downs

QUALIFICATIONS:

• 1-2 years accounting experience preferred
• B.S. Accounting degree preferred
• Construction and/or development industry preferred
• Detail oriented and accurate
• Ability to meet multiple deadlines
• Demonstrate analytical, critical thinking and problem solving skills
• Advanced skills in Excel
• Experience with accounts payable and ADP payroll preferred
• Strong customer service skills

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