Construction Staff Accountant

The Construction Staff Accountant reports to the Director of Construction Accounting handling all aspects of the construction draws and payables process, and assisting in other areas as needed.

RESPONSIBILITIES

• Track, reconcile, prepare and submit construction draws and pre-development reimbursement invoices.
• Work closely with the Construction administration and Supervision personnel to ensure that the construction budget and actual expenditures information in the system and on the progress billings are accurate and up to date.
• Work closely with lending sources (i.e. banks, RDA's, City and / or County personnel).
• Follow-up on the collection of draws and pre-development reimbursement invoices.
• Ensure proper audit trails and tracking of construction draws.
• Work closely with the Construction administration and Supervision personnel in co-ordination with third party entities to insure the efficient and timely handling of progress payments to sub-contractors and other vendors. May directly be in contact with Sub-Contractors and their Suppliers for required data and requested info.
• Prepare any special reports, as required, by management or third parties.
• Reconcile construction-in-progress and related general ledger accounts to the draw sheets and to lender's disbursed amounts.
• Prepare journal entries related to the construction-in-progress accounts.
• Prepare and reconcile month-end construction related reports such as construction loan interest statements, construction payables and retention payable to the general ledger and any other reports necessary.
• Reconcile construction related accounts to the general ledger such as the construction cash accounts, intercompany loan accounts, and funding source accounts.
• Coordinate with property staff accountants, project development and construction staff, and construction accounting staff to resolve any processing or accounting issues.
• Coordinate and work closely with Construction Accounts Payable to make sure all necessary waivers and forms are provided to process monthly and Retention Draws
• Maintenance of the construction payable files.
• Participate in special projects assigned to constructions accounting.
• Provide construction accounting-related information to external auditors.
• Assist in preparation of project cost certifications.
• Prepare journal entries for Escrow Close Buyer and Seller Statements in and out of construction
• Attend Project Status Meetings and Kick-off calls of new projects
• Adhere to the required work schedule established by the company to promote efficient operations.
• Must attend Company sponsored events that relate to the development of the team, which, from time to time, may include overnight stays at locations away from the employee's home.

EXPERIENCE

PHYSICAL REQUIREMENTS / WORK ENVIRONMENT

FLSA

PAY

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