This position supports Director and the Construction Accounting Group in managing the day-to-day activities of the job cost accounting function. The analyst will interact with various business units within the firm to provide oversight and support for assigned capital projects.
ESSENTIAL FUNCTIONS:Work with the Director and The Construction Accounting group to oversee proper job-cost accounting for all capital projects.Review Investment Committee Memos to understand capex requirementsHelp plan and coordinate job set-up and budget approval for new acquisitionsAssist in reviewing approved annual capital improvement budgets for operating propertiesSet-up, maintain and monitor capex budgets for all projectsEnter contracts in YardiAttend meetings with general contractors as needed to review job requirements, compliance, timelines, as well and interface with key personnel.Review and approve capex invoices to ensure proper coding and approvalsMaintain the integrity of processes and procedures, including resolving and responding to issues and discrepancies related to job and contract set-ups, invoice payments, tenant reimbursements, funding, etc.Perform month-end procedures, including accruals and adjusting journal entriesRespond to Accounting Help and Help Desk requests and questions related to construction and development.Calculate, review and initiate payment of development/construction management feesIdentify completed jobs for potential close-out and transfer out of WIP and place the asset in serviceAttend monthly owners’ meetings, pencil draw meetings and complete site visits as needed.Provide assistance and support to users of job cost accountingComplete special projects as assigned by the Manager, Director and VP Controller
NON-ESSENTIAL FUNCTIONS:Initiate training sessions for job cost accounting and softwareRespond quickly to new projects, working remotely and after hours when necessary
SUPERVISORY RESPONSIBILITIES Direct the Development group’s admins in processing construction invoices as needed
EDUCATION/EXPERIENCE REQUIREMENTS: Bachelor’s Degree in Accounting or related fieldStrong understanding of basic accounting principlesReal estate and/or construction accounting experienceProficient in Microsoft OfficeStrong understanding of GAAP accountingStrong knowledge of construction accounting and general construction processes and proceduresExperience with Yardi and Nexus or related accounting and AP softwareOperate standard office equipment.
KNOWLEDGE, SKILLS AND ABILITIES:Ability to read and comprehend simple instructions, short correspondence and memos.Ability to write simple correspondence and/or reportsAbility to effectively present information to customers, clients and other employees of the organization.Ability to read and interpret documents such as safety rules, operating and maintenance instructions and procedure manuals.Ability to read, analyze and interpret scientific and technical materials, financial reports and/or legal documents.Ability to use analyze, use logic, reasoning and focus on details to solve problems. Ability to determine timelines and manage multiple tasks/projects. Perform all essential functions accurately and in a timely manner
PERFORMANCE METRICS:Perform all essential functions accurately and in a timely manner