Company Description

Headquartered in the Greater Washington metropolitan area, AREP is an institutional fund manager and operating partner specializing in the repositioning and development of data centers, residential, industrial, and office assets in key markets across the country. With over $7B deployed and more than 25M SQFT of class-A real estate acquired, we have a portfolio of over 16 million SF. Our vertically integrated real estate platform and experienced management team provide expertise in acquisition, development, construction management, asset management, leasing and repositioning, property management, and engineering. We leverage our expertise and strategic relationships to maximize investment and enhance performance for our investors, partners, and customers.

ESSENTIAL DUTIES & RESPONSIBILITIES

• Perform the Project Accounting for various construction project types including interior, capital building renovations and development work within the Job Cost Module of the Financial Accounting system. To include project and budget set-up, application of costs to budget line-items and the collection and maintenance of associated project related documents to ensure adherence with all Company policies, procedures, and internal control requirements.
• Ensure compliance of owner documentation requirements including pay applications, release of liens, insurance certificates, bonds, etc.
• Manage all project related billings daily for accuracy to ensure proper coding to the correct job, contract, and GL prior to Accounts Payable batch posting.
• Oversee financial risk management for all projects and maintain accuracy of job budget to the lender's escrow budget.
• Manage project timeline as a result of any project changes and property/lender deliverables.
• Review all project variances, mis-coded costs, over/under billing analysis and monthly project accruals.
• Prepare monthly Lender Escrow Draw Packages in accordance with Lender requirements for review and approval.
• Reconcile and monitor capital funding to ensure timely payment of construction invoices Prepare weekly check run for review and approval.
• Run monthly financial job cost reports for project team members and assist with understanding reports.
• Perform monthly budget revisions and job costs adjustment in conjunction with the review of the Monthly Job Costs Reports and the General Ledger accounts to ensure accurate monthly project costs.
• Review monthly construction management fee invoices to ensure accuracy of the fee calculation.
• Perform property level reconciliation of capital costs to ensure accuracy of over-all capital plan for the property and for the lender escrow accounts to identify cash needs.
• Perform project close out reviews to include accounting and construction systems as well as audit project documentation to ensure correct cost & fee analysis each quarter.
• Assist project team members in tracking all costs associated with current projects and assist in completion of project deliverables to Joint Venture partners.
• Respond to internal customers' inquiries daily relating to assigned projects.
• Ensure all deadlines from extended Project Team are met for all monthly accounting deliverables to ensure timeliness of the property financial reporting package.
• Provide support as requested for property year-end audits.
• Special projects as assigned.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field
• 3 years of experience in construction accounting or a related field
• Proficiency in Microsoft Excel and other accounting software
• Knowledge of construction budgeting, forecasting, and cost control
• Strong attention to detail and analytical skills
• Excellent communication and interpersonal skills
• Ability to work independently and collaborate with cross-functional teams
• CPA certification is a plus
• Experience with real estate or property development is a plus