Real Estate Accounting Manager

Robert Half
Published
October 18, 2020
Location
Addison, TX
Category
Job Type

Description

Ref ID: 04120-0011588488

Classification: Accounting Manager/Supervisor

Compensation: DOE

Robert Half has teamed up with an institutional real estate firm to assist in the recruitment of a Real Estate Accounting Manager. The role will be responsible for all aspects of construction accounting and reporting.

Please email your background to [Click Here to Email Your Resumé] or you can call Chris Willhite at 972-789-9590.

Responsibilities:
The Senior Real Estate Accounting Manager (Construction) is responsible for accounting and reporting as it relates to development and construction projects. Responsible for job cost tracking, balance sheet reconciliations, research, and communication with project managers, project directors, developers and joint venture partners on project status and payment approvals.

Essential Duties
• Reconcile project costs to the general ledger.
• Work with project managers or 3rdparty development partners to obtain information to book monthly draw accruals or review accrual made in general ledger by partners.
• Provide corporate reporting with capital forecast requirements.
• Be able to read and interpret development and operating agreements to ensure compliance with requirements.
• Maintain promote/participation schedules, making sure calculations adhere to the specific project agreement.
• Review and enhance the existing system of controls and financial reporting for development and construction projects.
• Responsible for the processing, reviewing, coding, tracking and general ledger posting of construction draws for multiple projects.
• Maintain the project budget in the system making sure the approved budget is entered. Update the budgets in the system only with proper approval.
• Work with project managers on variances from approved project budget.
• Update construction draw schedules.
• Process project change orders and budget revisions.
• Work with project and asset managers as the project nears completion to develop an operating budget.
• Verify, review and analyze property general ledgers on both cash and accrual and market value basis ensuring accuracy and adherence to established accounting policies and procedures. Responsible for general and advanced accounting functions and for meeting the accounting department calendar deadlines.
• Interact with internal and external customers, other accounting team members, asset managers, property managers and all necessary departments to ensure prompt resolution of issues and achieve maximum efficiency of operations.
• Assist with special projects and other related duties as assigned.
Qualifications:
Minimum Qualifications
• Bachelor's Degree in Accounting.
• 7+ yrs. development, construction or fixed asset accounting experience; must be recent experience.
• Experience with cost accounting and budgeting.
• Qualifications may warrant placement in different job title.
Key Competencies
• Advanced skills in Word and Excel.
• Self-starter, strong attention to detail and deadline oriented.
• Strong financial, analytical and problem-solving skills,
• Strong verbal and written communication.
• Ability to handle multiple tasks; meet reporting deadlines; and possess strong interpersonal and communication skills.
• Ability to adapt to change and work in a team environment.

Please email your background to [Click Here to Email Your Resumé] or you can call Chris Willhite at 972-789-9590.

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