Development Accountant

The Development Accountant is responsible for maintaining the integrity of the financial statements and cash transactions of their assigned development projects.

Essential Duties and Responsibilities include but are not limited to the following:

• Review of daily Cash Receipts and Accounts Payable invoices

• Review and monitor major Aged Delinquencies to resolve cash application issues

• Lead monthly and ad-hoc operating meetings with Developers as well as participate in various internal meetings

• Assist and provide daily support to Developers, Asset Management, and the Client Accounting Team

• Lead complex accounting assignments and ensure accounting system captures all relevant transactions

• Responsible for overall budget review on a project-level basis

• Own the bank draw process to ensure project is properly funded based on loan agreements with bank and pay applications with vendors

• Review job costs for budget variances, cost code errors, and other posting errors on invoices

• Prepare journal entries related to the construction and draw process

• Enter quarterly contributions and distributions for company into the accounting system from asset level through investment entities to individuals

• Responsible for processing ownership transfers in the accounting system

• Assist with year-end audits and tax returns including cost segregation studies

• Participate in special projects and prepare ad-hoc reports as required for Chief Development Officer

Qualifications:

• B.S. in Accounting and 4 or more years of related real estate development accounting experience
• Understands the Importance of the Client-Manager-Vendor Relationships
• Solid Customer Service and Interpersonal skills
• Attentive to Detail
• Trustworthy and preserves confidentiality
• Experience reading and understanding bank documents preferred

Position Competencies:

• Service to Employees: Treats other employees with respect and dignity and acts as a positive member of the team; establishes and maintains effective relationships
• Service to Clients: Provides high level of service to clients in all situations; strives to meet and exceed client expectations; establishes and maintains effective relationships
• Attention to Detail: Able to “zoom in” to detail quickly and accurately; checks information, picks up inconsistencies and mistakes; can make detailed comparisons between similar sources
• Effective Communication: Is able to clearly and succinctly communicate in a variety of settings and styles; can get messages across that have the desired effect
• Task Completion: Responds effectively to clear direction; follows set procedures; solves immediate problems; escalates where appropriate; sees tasks through to completion
• Time Management: Uses his/her time effectively and efficiently; concentrates his/her efforts on the more important priorities; gets more done in less time than others; can attend to a broader range of activities; effectively prioritizes tasks
• Employee Engagement: Cultivate a working environment where employees are involved in, committed to, and enthusiastic about their work and the organization
• Employee Development: Support employees in gaining the knowledge, skills, and experiences they need to develop their talents and use their strengths to achieve proficiency and excellence in their roles
• Employee Performance Management: Help employees meet and exceed the outcomes that the organization expects them to achieve

Compensation:

The Development Accountant compensation will be commensurate with experience depending on experience and qualifications. This range is subject to local, state and regional dynamics and maybe adjusted up or down depending on market conditions.

Physical Demands:

• Requires extended hours to meet specific monthly or project related due dates

Supervisory Responsibility:

• This position will provide mentoring for Accountants on assigned portfolio.

Promotional Opportunity:

Employees with more than twelve months of service may request consideration to transfer to other jobs as vacancies become available and will be considered along with other applicants. To be considered, employees must have a satisfactory performance record and have no disciplinary actions during the last 12 months. Management retains the discretion to make exceptions to the policy.

This description is not all inclusive and duties will vary depending on assigned portfolio.