Project Accountant

Adecco USA
Washington, DC
Jun 16, 2021
Jun 20, 2021
Full Time
Construction Development Projects To $90K Bachelor's Required, CPA or on CPA track Location: Washington, DC Adecco is actively recruiting for an exciting new opportunity for a Project Accountant with a premier real estate firm in DC! Our client provides integrated services across all property investment strategies and is a global alternative asset manager with over $285 billion AUM. The focus of this role is with the North American construction portfolio. Description: Accounting role within the Design, Construction and Development teams Reporting to: Director, Development Accounting Responsibilities: Work with design, construction and development teams to monitor, track and report costs of assigned projects and properties, including budgeting and forecasting, providing timely and accurate management reporting, and assisting in the audit/review process. Detailed responsibilities include but are not limited to: Development Accounting and Reporting * For specific projects assigned, manage cost and development accounting functions: o Maintain budget information, budget availability and payment information for approved budgets and related loan budgets o Track consulting and construction contracts, including change orders and re-allocations to maintain the correct Current Budget and Commitment values o Manage open purchase orders / commitments o Ensure contractor requisitions and project invoices are correctly coded and allocated o Prepare wire transfers to external vendors, related parties and intercompany entities o Prepare monthly loan requisitions and capital calls, as necessary * Work with other functional teams, Design & Construction, Development, external accounting teams, as necessary, to maintain a current status of the projects * Develop working relationships with key external vendors, ie general contractors * Prepare development reporting for assigned projects: o Routine reports, mainly the monthly Control Sheet and region package for the corporate office o Monthly debt reporting and analysis required for any refinancing and/or building appraisals o Quarterly forecasts, invoicing of operating expenses recoveries, CPI adjustments and security deposit transactions o Assist with annual budgeting process, detailed variance analysis, and balance sheet analysis * Work with Legal, Marketing, Finance and other functions to ensure costs are represented correctly * Ensure routine reports are prepared and distributed in a timely and accurate manner * Prepare ad hoc analysis or special reports, as necessary Financial Accounting / Audit * Perform core finance / accounting function per Generally Accepted Accounting Principles (GAAP) for assigned projects: o General Ledger (GL) ownership o Convert accounting basis to International Financial Reporting Standards (IFRS) o GL account reconciliations o Record adjusting journal entries: accruals, prepayment relief, etc. o Bank reconciliations o Equity reconciliations o Financial statement preparation o Joint Venture (JV) reporting, as necessary Variance analysis * Ensure invoices are recorded correctly in the relevant software applications Requirements Bachelor's degree in Accounting, Finance, or related field 3+ years construction project accounting experience in public accounting and or private construction environment. CPA designation or on CPA track with at least one exam passedEqual Opportunity Employer/Veterans/DisabledTo read our Candidate Privacy Information Statement, which explains how we will use your information, please navigate to Company will consider qualified applicants with arrest and conviction records