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
