Development Accountant

Key Responsibilities

• Prepare monthly construction draws, job cost reports, and any assignments related to development and construction involving accounts payable, accounts receivable, general ledger, reporting or banking
• Process invoices, check requests, wire transfers for development projects in Yardi and ensuring adequacy of all necessary supporting documents for proper accounting and job cost coding
• Reconcile invoice requests against approved commitments and ensure invoices are paid within limits of contract terms and budgets and review in detail the billing from a third-party General Contractor (GC) including but not limited to: verifying all lien releases are received with correct amounts, proper documentation related to stored materials is present and correct and underlying support ties to GC pay app
• Respond to inquiries from contractors, development, and management regarding the status of vendor payments and commitments and track costs for pre-development projects
• Ensure development budgets, contract payments and commitments are not exceeded and follow all applicable agreements and amendments and work collaboratively with the Design and Construction (D&C) department to provide proper accounting details and support
• Coordinate with the D&C department on contract approvals, change order updates, forecasting of project costs, and lender compliance
• Participate in kick-off and close out meetings with general contractors and, as assigned, perform underwriting of potential general contractors
• Prepare monthly GAAP financial statements and support schedules and assist in providing backup and support for yearly project audits
• Understand and adhere to internal control processes
• Responsible for preparation of all monthly/quarterly/annual debt compliance, as assigned
• Special projects and other duties as needed

Skills, Knowledge, and Expertise

• Bachelor’s degree in accounting – Required
• 2+ years’ experience in accounting (preferably in real estate)
• Advanced Microsoft Office Suite experience
• Yardi Experience - Preferred
• Strong organizational skills
• Strong communication skills and ability to run meetings
• Effective collaborator
• Multi-tasking skills
• Ability to interpret development related agreements

Benefits

• Compensation: $75,000 - $85,000 / year
• Eligible for discretionary benefits: commission structure
• Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits
• Travel: this position will not require travel

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