Development Accountant

Washington, DC
May 12, 2022
May 15, 2022
Full Time
Are you ready for new challenges and new opportunities? Join our team! Current job opportunities are posted here as they become available. Subscribe to our RSS feeds to receive instant updates as new positions become available. The UIP Companies, Inc. (UIP) is a vertically integrated real estate investment, development, asset and property management, and general contracting firm specializing in multi-family, mixed-use, retail, and light industrial properties predominantly in the Washington, DC metropolitan area, including assets in DC and its close in suburbs, Baltimore, MD and Arlington, VA. Since 2001, UIP has provided quality housing that satisfies the most discerning residents and investors. Come join our exciting, growing organization in the role of Development Accountant. You will be primarily responsible for all development accounting including project cost tracking and reporting, processing of project A/P, and construction draw processing for both new construction and renovation/remodel projects. This position may be responsible for tracking and leading cash planning meetings for development pipeline projects. Responsibilities Coordinate with the Development team on system of project tracking, assignment of project numbers and the establishment of new companies Coordinate with the Development and Accounting teams to track and report projected cash needs for all projects in the development pipeline on a monthly basis. Track project costs, process invoices and prepare journal entries to appropriately reflect all development project costs and activities from inception through completion. Review project invoices for appropriate coding and process for payment. Prepare and enter project related journal entries to accurately account for all project costs. Participate in and manage the monthly construction draw process with team, lenders and the title company including the preparation of sworn owner statements. Track assigned project budgets and lead monthly budget meetings to identify and discuss any cost/budget issues. Prepare year end work papers for development projects to facilitate the tax return preparation. Organize project cost information to assist with preparation of cost segregation studies. Reconcile project budget and final cost reports and prepare final close-out in Yardi. Coordinate with the Accounting and Property Management teams to transition property accounting and A/P processing after property opening. Track all project costs and budgets for remodels and renovations, including processing of all related invoices and lead periodic budget meetings to identify and discuss any cost/budget issues. Coordinate with the Development team in advance of remodel projects to reconcile project budgets against capital reserves to help identify sources of capital. Monitor and enhance current systems/processes for project accounting. Deliver other projects and activities, as required and requested. Qualifications Bachelor's degree in accounting, finance, or related Must have at least 3 years' real estate development accounting experience, preferably multi-family Highly analytical with a demonstrated history of success with delivering on-time within tight timeframes Experience working in a Microsoft Office Suite Environment Must be proficient in Yardi Proven history as a results-oriented, motivated self-starter Ability and desire to work closely with colleagues within a collaborative, entrepreneurial, and fast-paced environment Strong problem-solving skills and the ability to exercise sound judgment and make decisions based on accurate and timely analyses Ability to effectively communicate complex issues both verbally and in writing to management and third parties Must possess keen attention to detail Ability to handle multiple tasks Strong planning and organizational skills Focused on providing outstanding customer service - proactive, highly responsive, and follows up The UIP Companies, Inc. is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, age, disability, genetics, sexual orientation, or protected Veteran status.

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