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2 Positions Available
A global real estate firm is currently seeking Construction/Development Accountants to join the Construction & Development Accounting team primarily located in one of their San Francisco and Menlo Park office. On occasion this position will also work in our Menlo Park office. This position offers the opportunity for a highly motivated individual to be involved as a member of the Construction and Development Accounting team within the Accounting Department of a dynamic publicly traded Real Estate Investment Trust. This position is involved in various aspects of construction and development accounting and analysis.
Requirements: Bachelor Degree, solid and diverse accounting experience, development accounnting as well as commercial real estate and/or REIT experience preferred, with 5-7/year’s total work experience, must be self-directed, motivated and logical in problem solving, well organized with attention to detail, follow through with assignments, possess strong analytical skills, and be able to communicate effectively with coworkers both verbally and through written communications and must work to ensure accuracy and consistency between finance and accounting teams.
General Duties & Responsibilities: This position is involved in various aspects of construction and development accounting and analysis. The core responsibilities of this position include, but are not limited to the following: work with Project Managers to develop Project Detail Budgets (PDB) and assist with Development Submittal Package preparation and review. (This process requires analytic review of the current costs to date and costs to complete the project. The Development Accountants are required to work with the Finance team and/or the PM’s and make recommendations), work with Project Managers to develop monthly forecasts (ETC’s). Participate and provide input in monthly ETC (Estimate to Complete) meetings. Work with Operations and Finance teams to reconcile budgets and profomas to Accounting system reports. Prepare monthly ETC meeting minutes, work with Project Managers to prepare Interim Funding Requests (IFR) for development and redevelopment projects. Monitor costs by project to ensure spending is within approved IFR limits and Board of Director approval, review invoices to ensure proper coding. Review contractor pay applications and ensure proper documentation (e.g. lien releases). Maintain and track contracts, maintain project information related to all project data including pertinent dates, tenant improvement & lease accounting issues, measurements, etc., prepare monthly loan draws as necessary and monthly journal entries (e.g. Close out completed projects, G&A fees, Capitalized Interest), monitor and prepare Tenant Improvement (TI) Analysis: track TI allowances and prepare TI Overage Billings as needed and develop leasing and TI's in progress (Requires lease review and excellent understanding of the lease Work Letter), prepare Ad-hoc Project Analysis as requested, work with VP or Executive level where necessary, prepare Monthly and Quarterly Construction & Development reports and analysis as necessary. Work with Operations and Finance teams to ensure accuracy of projections and consistency between financial modeling and Accounting, responsible for all construction and development level accounting functions for assigned portfolio. All accounting is performed in accordance with Generally Accepted Accounting Principles (GAAP: work directly on the GAAP accounting for commercial development) adhere to Company’s Construction & Development Accounting Policies & Procedures and compliance with Sarbanes Oxley Section 404 (SOX) control activities and special projects and analysis as the need arises (typically special projects come from Executive or VP level).
FOR IMMEDIATE CONSIDERATION, PLEASE FORWARD YOUR RESUME TO: firstname.lastname@example.org.
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