Project Accountant - Rose Companies Employer : Job Details

Jonathan Rose Companies is one of the country's leading developers and investors in sustainable, affordable, and mixed-income multifamily real estate. The company's mission is to strengthen communities of opportunity by developing innovative real estate solutions that build value, enhance resilience, and cultivate well-being.In 2017, Rose was the top acquirer of affordable housing in the country, and with more than 15,000 units owned, it is the 10th largest owner.Since its founding in 1989, the firm has been recognized for design excellence and for creating successful models that enhance the ability of our residents, and the communities they live in, to thrive. The firm's innovative work has modeled widely duplicated solutions and won awards from a wide range of notable organizations, including the Urban Land Institute, the National Trust for Historic Preservation, the American Planning Association, the American Institute of Architects, and many others.The Project Accountant is responsible for focusing on the generation, preparation, and communication of information that is complete and accurate to support effective decision making, management, internal controls, and financial reporting. Project Accountants are responsible for completing general accounting, real estate accounting, and reporting activities within the accounting organization under the guidance and supervision of the Senior Manager of Development Accounting. The Project Accountant may be responsible for large scale property renovation as well as ground up development projects. The Project Accountant will also be responsible for all accounting related functions for assigned projects from start to finish.The pay range for this position is $80-90k based upon factors including but not limited to related experience and time in the industry.Primary Responsibilities Include:

• Review, verify, code and process project invoices.
• Be familiar with each assigned projects budget.
• Verify invoices are billed according to the contracts.
• Ensure sufficient backups related to the invoice are provided. For example, vendor certificate of insurance, lien waivers, proof of reimbursable expenses and proof of stored materials.
• Accurate coding of project invoices. Bring to the project managers attention if there are budget overruns
• Preparing and analyzing journal entries on both GAAP and tax basis including but not limited to: standard entries, applicable reclassifications / adjustments, review of all income and expenses, accruals, overhead allocations, consolidations and eliminations, and intercompany transactions
• Familiarize with each funding source draw process and funding requirements for assigned projects.
• Prepares accurate monthly draw request and submit to each funding source timely. Funding sources may include bank, public or private agency, and equity.
• Monitor draw request status to ensure funding occurs within turnaround time per disbursement agreement.
• Record project fundings.
• Preparing and distributing periodic reports for various legal entities (management services companies, partnerships), external business partners (joint venture partners), governmental agencies, lending institutions (banks, institutional investors), and external auditors. Required periodic reports may include but are not limited to: Profit & Loss, Balance Sheet, and Cash Flows statements
• Preparing reconciliations of general ledger accounts, as required. Supporting independent third-party audits. Performing variance analysis, as required. Provide insights into accounting for complex transactions and/or properties
• Preparing support data and analyses for financial reporting requirements and corporate communications needs including but not limited to: schedules, reconciliations, footnotes, board books, earnings calls, and analysts' requests
• Preparing support data and analyses for internal financial reporting requirements including budget variance reports, change orders, holds, Bank Requisitions/draws.
• Closing each project on a monthly basis for entire entity structure for development projects
• Coordinating with Property accountants to ensure property renovations are recorded correctly

Skill Requirements:

• Knowledge of general accounting principles and processed required.
• Analytical background with detail-oriented mindset required.
• Ability to prioritize multiple tasks and manage time to meet deadlines required.
• Ability to perform quality assurance reviews required.
• Knowledge of accounting software systems preferred

Education Requirements and/or Years of Experience:

• Bachelor's Degree in Accounting, Finance or related field required.
• 3-4 years of experience in public accounting and/or real estate accounting preferred.
• Note: 5-6 years of relative work experience can offset minimum educational requirements.
• CPA preferred.

Rose Companies Benefits:At Rose Companies our goal is to provide an affordable and comprehensive benefits package that provides security for you and your family and supports your overall wellbeing. Benefits offered include, but are not limited to: Medical, Dental, Vision, Flexible Spending Accounts, Life, Short-Term Disability, Long-Term Disability, 401K with company match, competitive paid time off policy, paid holidays, parental bonding leave and educational assistance. Rose Companies is committed in policy and practice to providing equal employment opportunities for all applicants and employees, based upon their training, experience, and overall qualifications. Consistent with this commitment, discrimination against an applicant or employee based upon the individual's race, color, creed, religion, sex, gender, age, national origin, ancestry, citizenship status, marital or familial status, sexual orientation, gender identity, gender expression, disability, military status, protected veteran status, genetic information, or any other condition or characteristic protected by law is strictly prohibited.