Job Description

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 Reporting
• Prepare 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.

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