Job description
Our client is a full service commercial real estate investment and development company that is seeking an experienced and detail-oriented Senior Project Accountant. The candidate will be responsible for all job cost accounting for construction projects, including project start-up and close-out, contract administration, subcontractor/vendor relations, project budgeting/reporting, and construction loan draws. Candidates will need to have experience with commercial, multi-family, or residential construction with a real estate developer or construction company.
Responsibilities
- Administration of all construction invoicing including collection, obtaining approvals, payment, and entering into accounting system (Yardi)
- Process and track monthly pay applications from general contractors
- Oversight of all financial matters for general contractor, subcontractor, and consultant contracts
- Manage internal contract tracking report to ensure the accuracy of invoices and monitor open contract amounts
- Implementation of a robust and efficient job costing system, including job cost codes
- Work with consultants and subcontractors in troubleshooting general invoice and contract-related issues
- Provide monthly job cost reporting with budget comparison for the leadership team and partner review
- Ensure all general contractors and subcontractors are in compliance with insurance requirements
- Initiate and monitor the process for collecting contractor lien waivers
- Respond to general internal requests for information and analysis of various construction job cost matters
- Support in preparing funding requests for monthly loan draws and partner contributions
- Support in preparing periodic construction-related reporting packages for Company leadership, partners, lenders, and government agencies
- Point person in responding to construction accounting-related questions from outside partners, lenders, and 3rd party accounting firms
- Develop and maintain positive relations with all subcontractors and project managers
Qualifications and Skills
- Advanced knowledge of Microsoft Excel and systems such as Yardi, MRI, Timberline, Sage, etc.
- Thorough knowledge of accounting principles and procedures
- Familiarity with AIA documents G702 and G703 a plus
- Experience with creating financial statements and overseeing budgets
Education and Experience
- Bachelor’s degree; Degree in accounting or finance preferred but not required
- 5-7 years of project accounting experience with a commercial, multi-family, or residential developer or construction company
- CPA a plus, but not required
