What are the responsibilities and job description for the Sr. Project Development Accountant position at Provident?
Since 1991 Provident Realty Advisors and our investor partners have developed over $5.5 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for PRA and our investor partners.
Responsibilities:
- Accounting and reporting for Development and Operating real estate projects.
- Prepare monthly journal entries for assigned projects (accruals, COS, sales, etc.)
- Monthly review of general ledger for accuracy and completeness in accordance with Income tax basis and or GAAP.
- Be the point person for the project and development managers for assigned projects.
- Work in conjunction with third party property management accountants regarding monthly operating financial results and ensure such are recorded correctly for each operating project.
- Communicate and coordinate with other Provident personnel on all matters relating to the projects.
- Prepare financial statements and reporting packages as required for lenders, partners and internal business leaders.
- Set up and track fixed assets. Record depreciation and amortization for all operating projects.
- Assist in the preparation of annual Income tax basis and or GAAP operating budgets, development budgets and update forecasting.
- Prepare Project Cost Summaries showing status of construction on development properties.
- Compliance with lender reporting requirements.
- Prepare monthly capital calls or distributions to each of the joint venture partners, as required.
- Preparation of monthly draw package for submission to lenders and record funding.
- Record general and limited partners’ equity pick-ups, contributions and distributions related to investments in real estate development ventures as well as minority interest partners interest in projects.
- Accounting for property acquisitions and dispositions including waterfalls, as well as review and summarization of related documents and preparation of journal entries, in accordance with Income tax basis and or GAAP.
- Ad hoc requests and special projects for Business leader, CFO and Controller
Key Attributes:
- Adaptability—adapts to changes in the work environment, manages competing demands and is able to deal with frequent change, delays or unexpected events. Desire to learn and accept new challenges.
- Problem solving—identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.
- Interpersonal Skills—maintains confidentiality, displays a “can do” attitude. Promote a positive team spirit by giving and welcoming feedback as well as have the ability to interact and respect individuals at all levels within the organization.
- Planning/organizing—prioritizes and plans work activities, uses time efficiently and develops realistic action plans.
Experience Requirement:
- Degree in Accounting or Finance
- 3-5 years of experience
- Real Estate development and partnership accounting experience
- Real Estate software experience: Yardi preferred.
- Excellent written and verbal communication skills, detail-oriented, organized, analytical, supervisory skills, possess knowledge of accounting and projection software, MS Excel
Salary : $90,000 - $100,000
