Senior Project Accountant
IDj-298
Job TypeDirect Hire
Compensation$90000 - $110000 / yr
Senior Project Accountant
Qualifications:
Bachelor’s degree in accounting or a related field preferred
Minimum of 3 years of direct property/project accounting experience required
Strong proficiency in Yardi software preferred
Exposure to fund accounting or private equity funds a plus
Strong computer skills, proficient in excel, uploads, familiarity with accounting automation tools
a plus
Highly detailed –oriented with a focus on accuracy and strong analytical skills
Self-starter with the ability to work independently and anticipate project needs
Strong organizational skills’ able to multitask and manage multiple projects simultaneously
Ability to prioritize tasks and deliver results under tight deadlines
Systems-savvy, interested in optimizing and automating processes, with a drive for continuous
improvement
Key Responsibilities:
Independently manage the accounting for wholly owned projects, including:
Prepare cash reconciliations
Set up and maintain funding source budgets for draws (equity and construction loans)
Prepare draws for all wholly owned projects
Maintain CIP sub-ledger and record all draws and distributions to and from project in a timely
manner
Work closely with contracts administrator for contract input
Proactively manage project costs, including:
Maintain accounts payable to manage project costs and payments
Review job cost reports and work with department to revise budgets appropriately
Ownership of month-end, quarter-end, and year end process, including:
Prepare the recurring month end/quarter end journal entries
Record all operational entries during/after stabilization
Prepare reconciliations of accounts
Maintain depreciation and amortization schedules
Record all draws and pay downs on construction loan and reconcile loan and interest payments
on a monthly basis
Maintain interest accruals and amortization of fees related to project construction loans
Prepare detailed financial reports including balance sheets, operating statements, cash flows
and other reports as needed per project with minimal supervision.
Assist in year-end audits
Assist with joint venture reporting:
Collect and review joint venture financials, prepare trial balances for uploads into Yardi
Run quarterly preferred return/waterfall schedules for all projects
Run quarterly capital balance reports for all projects
Take on ad-hoc assignments to support the accounting team’s evolving needs