Project Accountant

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Summary

Financial and management accounting role working directly with design, construction
and development teams to monitor, track and report costs of assigned projects and properties,
including budgeting and forecasting, providing timely and accurate management & financial reporting,
and assisting in the audit/review process.


Company Information:

Financial Services.


Job Description:

Development Accounting and Reporting
 For specific projects assigned, manage the cost control and development accounting function:
o Maintain budget information, budget availability and payment information for approved
budgets and related loan budgets
o Track consulting and construction contracts, including change orders and re‐allocations
to maintain the correct Current Budget and Commitment values
o Manage open purchase orders / commitments
o Ensure contractor requisitions and project invoices are correctly coded and allocated
o Prepare wire transfers to external vendors, related parties and intercompany entities
o Prepare monthly loan requisitions and capital calls, as necessary
o Maintain project loan draw and amortization schedules
 Work with other functional teams, Design & Construction, Development, external accounting
teams, as necessary, to maintain a current status of the projects
 Develop working relationships with key external vendors, i.e. general contractors
 Prepare development reporting for assigned projects:
o Routine reports, mainly the monthly Control Sheet and region package for the corporate
office
o Monthly debt reporting and analysis required for any refinancing and/or building
appraisals
o Prepare quarterly forecasts, invoicing of operating expenses recoveries, C.P.I.
adjustments and security deposit transactions
o Preparation of annual budget package, detailed variance analysis, and balance sheet
analysis

 Work with Legal, Marketing, Finance and other functions to ensure costs are represented
correctly
 Ensure routine reports are prepared and distributed in a timely and accurate manner
 Prepare ad hoc analysis or special reports, as necessary
 Perform core finance / accounting function per Generally Accepted Accounting Principles
(GAAP) for assigned projects:
o General Ledger (GL) ownership
o Convert accounting basis to International Financial Reporting Standards (IFRS)
o GL account reconciliations
o Record adjusting journal entries: accruals, prepayment relief, etc.
o Bank reconciliations
o Equity reconciliations
o Financial statement preparation
o Joint Venture (JV) reporting, as necessary
o Variance analysis
 Ensure invoices are recorded in the general ledger correctly in the relevant software
applications
 Maintain and understand various accounting bases: cash, accrual, GAAP and IFRS
 Work with the regional property accounting team and other accounting teams, as
necessary
 Prepare detailed year‐end reconciliations, analyses and audit working papers.
 Provide supporting documentation and assistance to internal / external auditors, as needed.
 Other financial reporting as required by corporate and fund / ownership structures


Requirements / Qualifications:

Education: BS/BA degree in Accounting or another quantitative field; CPA preferred
Technical Skills:
 Knowledge of Generally Accepted Accounting Principles and/or International Financial Reporting
Standards (IFRS), specifically, real estate
 Minimum five years of public accounting and /or Real Estate Development or Construction
experience
 Strong analytical ability; detail oriented with strong initiative and analytical skills.
 Well organized; self‐starter, able to handle multiple priorities
 Ability to work independently or as part of a team in a highly deadline driven environment.
 Advanced proficiency in MS Excel and MS Word; Experience with ERP systems (YARDI, SAP, MRI
etc) and implementing software applications a plus
 Candidate should be enthusiastic and motivated to succeed in a collaborative team environment
 Possess excellent communication, presentation and interpersonal skills

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