Project Accountant - Construction

Company Overview

Ovation, a family-owned and privately held real estate firm with a 40-year track record, is a vertically integrated organization specializing in the development, construction, and management of residential properties. To date, Ovation has developed over 40 properties, comprising more than 12,000 apartment units, with an additional 4,000 units currently in development pipeline. The firm's multifamily portfolio includes 6,000 Class A units, 400 active adult units, 2,200 affordable senior units, and 2,000 units managed for third parties for a total of 10,600 units under management. Committed to enhancing the lives of individuals, families, and communities, Ovation continues to expand its impact, one home at a time. 

We are a dynamic and collaborative team dedicated to excellence and innovation. We value diversity and believe that it contributes to our success. We are committed to providing our employees with the tools, resources, and support they need to succeed in their roles.

Project Accountants are integral to the construction accounting process. They work under the direction of the Controller. They are the primary accounting and administrative support for a construction project, from project startup through final closeout. Performs activities related to contracts, schedules, job cost/budget reports, financials, month-end journal entries, draws and AIA billings for General Contractor, and other duties/projects as assigned.

Primary Objectives: 

As a Project Accountant, you will prepare financial statements and job cost reporting for assigned projects/entities to be reviewed by management. Primarily responsible for the accounting over assigned construction & predevelopment projects including management of loan draw budgets, assigning bills to specific categories and assembling the monthly draw packages. Monitor and report financial activity on predevelopment projects. Review of all construction project forms for accuracy and proper accounting. Evaluate contract documents and support documentation for agreement with contract requirements and work with Project Manager to gain any necessary approvals. Maintain change order requests to ensure accurate project budgets. Tracking contracts and construction development progress, including budgets to actuals. Reconciliation of projects to general ledger, investigate any discrepancies and prepare journal entries for corrections and reclassifications. Problem solving prior to any impact on the project. This position also works closely with A/P, Purchasing, Forwarding Planning and Project managers, while always acting with integrity and being a pro-active team member. You will be expected to stay motivated, work diligently, meet deadlines and add value to the accounting team as well as represent the company in a professional manner at all times.

Required Qualifications:

• 4-year college degree in Accounting and/or
• A minimum of at least 2-5 years’ experience, preferably in multifamily real estate development or construction Accounting
• Proficiency with Excel & Word
• Experience with a main-frame accounting system is required. Premier Construction Software experience is a plus!
• Ability to sit and use a computer for long periods of time
• Ability to work independently with attention to detail and a high-level of accuracy
• Positive attitude, professional workmanship and appearance, detail orientated and results driven

Salary:
$66-$71K/year DOE

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment Visa at this time.*** 

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