Development Accountant

Overview

• Contribute to financial management by providing accurate accounting, budgeting, and reporting for development entities.
• Ensure compliance with financial standards through detailed general ledger analyses and timely financial statement preparation.
• Collaborate on invoice coding, aligning expenditures with appropriate general ledger accounts.
• Prepare and input monthly journal entries to maintain precise financial records.
• Monitor costs against approved budgets and reconcile intercompany balances and transactions.
• Assist auditors by preparing schedules and supporting interim and annual audits.
• Conduct analytical studies to provide enhanced financial insights and support decision-making.
• Participate in transaction closing processes, reviewing settlement statements and preparing opening entries.

Key Responsibilities & Duties

• Prepare and distribute monthly financial reports for stakeholders, ensuring accuracy and timeliness.
• Process funding and draw requests for construction projects, ensuring vendor payments are timely.
• Perform monthly bank reconciliations and resolve reconciling items promptly.
• Reconcile costs between the Development Project Cost System and general ledger for consistency.
• Collaborate with joint venture partners to ensure accurate information exchange and adherence to accounting principles.
• Review joint venture funding and draw requests for completeness and accuracy.
• Support audits of construction costs by preparing required documentation and liaising with auditors.
• Engage in continuous learning to enhance professional skills and expertise.

Job Requirements

• Bachelor’s degree in Accounting or a related field is required.
• 0-2 years of accounting experience, with public accounting experience preferred.
• Proficiency in US GAAP and advanced skills in Excel and Word are essential.
• Experience with Yardi accounting software is advantageous but not mandatory.
• Certified Public Accountant (CPA) certification or progress towards certification is preferred.
• Strong analytical skills to interpret and present financial data effectively.
• Flexibility to work extended hours as needed to meet deadlines.
• Excellent communication skills for effective collaboration and reporting.