Job Description

We have an outstanding career opportunity for a Project Construction Accountant to join a leading Company located in McLean, VA.

Responsibilities:

• Trackingdesign, construction and development costs of assigned projects and properties, including budgeting and forecasting, providing timely and accurate management and financial reporting, and assisting in the audit/review process. 
• Construction Management 
  • Experienced with job cost.
  • Track construction contracts, including change orders and re-allocations.
  • Communicate with vendors and maintain vendor information on file.
  • Process contractor requisitions for payment.
  • Update capital budget schedules.
  • Prepare monthly project status reports.
  • Assist in the review, approval, and processing of the architect, engineer, and contractor invoices.
• General Accounting 
  • Ensure invoices are recorded correctly in the accounting system.
  • Review and analyze general ledgers for respective projects and properties, process adjusting journal entries, calculate monthly accruals, and update balance sheet support schedules.
  • Prepare wire transfers to external vendors and intercompany entities.
• Financial Reporting
  • Prepare monthly and quarterly reporting packages for assigned projects/properties.
  • Prepare monthly cost variance analyses and monthly balance sheet analyses.
  • Prepare & distribute all monthly job cost reports to the Project Managers.
  • Prepare the close-out package for all completed jobs.
  • Prepare direct cost entries, as needed.
  • Assisting with strategic planning/forecasting of project financials.
  • Review Owner contracts to understand accounting requirements.

Basic Hiring Criteria:

• Knowledge of US GAAP (specifically, commercial real estate).
• Minimumthree years of commercial real estate project accounting experience preferred.
• Strong analytical ability; detail-oriented with strong initiative and analytical skills.
• Experienced with multi-family or commercial development projects.
• Understanding of construction and property management in relation tofinancial accounting, recoveries, budgeting, and forecasting.
• Advanced proficiency in MS Excel and MS Word; Experience with YARDI is a plus.

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