We have an outstanding career opportunity for a Project Construction Accountant to join a leading Company located in McLean, VA.
Responsibilities:Tracking design, construction and development costs of assigned projects and properties, including budgeting and forecasting, providing timely and accurate management and financial reporting, and assisting in the audit/review process. Construction Management Experienced with job cost.Track construction contracts, including change orders and re-allocations.Communicate with vendors and maintain vendor information on file.Process contractor requisitions for payment.Update capital budget schedules.Prepare monthly project status reports.Assist in the review, approval, and processing of the architect, engineer, and contractor invoices.General Accounting Ensure invoices are recorded correctly in the accounting system.Review and analyze general ledgers for respective projects and properties, process adjusting journal entries, calculate monthly accruals, and update balance sheet support schedules.Prepare wire transfers to external vendors and intercompany entities.Financial ReportingPrepare monthly and quarterly reporting packages for assigned projects/properties.Prepare monthly cost variance analyses and monthly balance sheet analyses.Prepare & distribute all monthly job cost reports to the Project Managers.Prepare the close-out package for all completed jobs.Prepare direct cost entries, as needed.Assisting with strategic planning/forecasting of project financials.Review Owner contracts to understand accounting requirements.
Basic Hiring Criteria:Knowledge of US GAAP (specifically, commercial real estate).Minimum three years of commercial real estate project accounting experience preferred.Strong analytical ability; detail-oriented with strong initiative and analytical skills.Experienced with multi-family or commercial development projects.Understanding of construction and property management in relation to financial accounting, recoveries, budgeting, and forecasting.Advanced proficiency in MS Excel and MS Word; Experience with YARDI is a plus.