Position Summary
Due to growth, the Company is seeking to add a Project Accountant. Reporting to the Director of Accounting, the Project Accountant will manage the financial aspects of active development projects, ensuring accurate tracking of costs, timely preparation of monthly capital partner draws/distributions, and reliable project-level financial reporting.

Key Responsibilities

Project-Level Accounting
Maintain detailed project-level general ledgers, job costing, and work-in-progress (WIP) schedules for multiple development projects.
Track and record all project-related transactions
Reconcile project budgets to actual costs on a monthly basis; identify and investigate variances and provide explanations to management.
Prepare monthly project financial statements (P&L, balance sheet, cash flow) and supporting schedules for internal review and partner reporting.

Monthly Capital Partner Draws & Distributions

Prepare and process monthly draw requests/packages for equity partners
Calculate partner distributions based on agreed upon terms
Coordinate with development/project teams to compile required documentation (e.g., invoices, lien waivers, progress reports) for draw submissions.
Track receipt of funds from partners/lenders and apply to appropriate project accounts.

General Accounting & Reporting

Assist with monthly close process, including journal entries, accruals, and account reconciliations related to development activities.
Support preparation of construction loan draws to lenders, including AIA requisitions, backup documentation, and lender compliance reporting.
Prepare ad-hoc financial analyses, investor updates, and reports as requested.

Qualifications & Requirements

Bachelor’s degree in Accounting, Finance, or related field; CPA or CPA candidate preferred but not required.
2+ years of progressive accounting experience in a real estate development, construction, or project accounting (multifamily, commercial, or industrial preferred) environment.
Exposure to/understanding of real estate development cycles, job costing, construction draws, and partnership agreements.
Proficiency in accounting software (Yardi or similar CRE platforms); advanced Excel skills preferred.
Experience preparing monthly partner draws, reporting to capital partners, and project-level financials.
Comfortable presenting financial information to non-accounting stakeholders (e.g., developers, partners).

Senior Project Accountant