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.
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
o Monthly debt reporting and analysis required for any refinancing and/or building
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
Work with Legal, Marketing, Finance and other functions to ensure costs are represented
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
Maintain and understand various accounting bases: cash, accrual, GAAP and IFRS
Work with the regional property accounting team and other accounting teams, as
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
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
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