Development Accountant

Overview

• Support financial reporting and accounting for development entities, ensuring accurate and timely financial statements.
• Perform general ledger account analyses and reconcile intercompany balances and transactions.
• Assist with coding invoices, preparing journal entries, and tracking costs against approved budgets.
• Prepare monthly bank reconciliations and resolve reconciling items promptly.
• Collaborate with auditors during annual and interim audits, providing required schedules and documentation.
• Contribute to the preparation of financial statements, including income statements, balance sheets, and cash flow statements.
• Engage with joint venture partners to ensure accurate information and adherence to accounting principles.
• Participate in transaction closing processes, including settlement statement reviews and gain on sale calculations.

Key Responsibilities & Duties

• Ensure proper coding of invoices and expenditures in general ledger accounts.
• Prepare and input monthly journal entries using Yardi accounting software.
• Process funding and draw requests for projects with construction loans.
• Track project costs against Investment Committee-approved budgets.
• Assist in preparing and distributing monthly financial reports internally and externally.
• Support audits by preparing schedules and providing necessary documentation.
• Reconcile costs in Development Project Cost System to general ledger accounts.
• Collaborate with development teams and general accounting personnel across regions.

Job Requirements

• Bachelor’s degree in Accounting or related field required.
• 0-2 years of accounting experience; public accounting experience preferred.
• Proficiency in Excel and Word; familiarity with Yardi accounting software preferred.
• Knowledge of US GAAP and ability to apply financial data effectively.
• Strong written and verbal communication skills for presenting financial information.
• Ability to work extended hours as necessary to meet deadlines.
• Certified Public Accountant (CPA) designation or progress towards certification preferred.
• Experience with construction cost audits and reconciliation processes advantageous.