What are the responsibilities and job description for the Project Accountant position at Trammell Crow Residential?
Position Summary
The Project Accountant will be responsible for managing the flow of financial information from the beginning of Development to the completion of Construction projects.
Primary Responsibilities
The Project Accountant will be responsible for managing the flow of financial information from the beginning of Development to the completion of Construction projects.
Primary Responsibilities
- Reviews all field documents prior to submitting to project manager for review.
- Validation of Subcontractor payment requests & supporting documentation
- Review all payable requests for accuracy and determine if within budget, coded appropriately and obtain necessary approvals
- Receive subcontractors and suppliers invoices are received by due date, are correct, and within their schedule of values.
- Upload all invoices, weekly overhead, monthly Subcontractor draw invoices and special check requests as needed into the invoice routing accounting software system
- Manage payments and compliance for all draws, overhead invoices, and check requests
- Ensure accuracy of Supplier joint check requests
- Audit job cost reports for cost overruns and discrepancies
- Process project job cost budget revisions
- Process Owner Change Orders
- Release Subcontractor retainage payments per company guidelines
- Confirm all closeout documents are in order prior to releasing final retention payments to subcontractors and suppliers
- Audit all subcontractor contracts as necessary
- Work closely with the Project Management team, Vendors and Subcontractors to research and resolve any discrepancies
- Review and distribute monthly Project specific loan draws
- Liaison with bank and development team regarding monthly loan draws and necessary documentation
- Assist project teams with any questions or needs related to the accounting department
- Meet all required payable and draw deadlines
- Attend pencil meeting with Owner, Lender’s Inspector, and or/architect to ensure proper and accurate pay application per contract terms as required
- Internal reporting to executive management
- Work closely with corporate accounting on project budgets, monthly draws, and any other aspect concerning the project job costs
- Obtain appropriate management approvals on all contracts, change orders, and invoices
- Maintain project tracking logs (subcontractor & insurance)
- Bachelor’s degree in Business, Finance, Accounting, Construction Management, or equivalent experience required
- 2-5 years of experience in the construction industry in an accounting capacity preferred
- Proficiency in Microsoft Outlook, Word & Excel programs required. Experience with Procore and Yardi accounting software preferred.
- Experience with AIA documents (specifically G702 and G703)
- Knowledge of construction procedures, rules & regulations
- Experience working in a fast-paced environment with the ability to meet deadlines
- Excellent time management and organizational skills, with a commitment to accuracy and attention to details
- Highly effective written and verbal communication
- Strong interpersonal skills with the ability to take initiative, multi-task, self-starter, be a team player and adapt to shifting priorities
- Ability to make quick and effective decisions
- Ability to analyze and resolve problem
