Development Accountant

6 Degrees Group

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6 Degrees Group is currently seeking a Development Accountant for a Real Estate company that is focused on development for housing and commercial properties. This position will REQUIRE experience with job costing and construction draws. 

POSITION SUMMARY: Performs all accounting functions related to the development of retail and multi-family projects; prepares job cost and financial reports on a monthly or as-needed basis.

DUTIES & RESPONSIBILITIES: Set up construction budgets for new projects in Yardi accounting software. Review and approve development and construction invoice batches in the payable system; review general contractor pay applications and reconcile to contract information in Yardi. Prepare construction loan draws and record receipt of loan funding. Maintain non-financial tracking information for development projects in Yardi as needed. Record acquisition of land, including earnest money deposits. Revise projected costs monthly in cooperation with construction team. Ensure monthly debt payments are made timely. Perform month-end close procedures, including a detailed review of trial balance, income statement, general ledger, budget variances, accounts payable and accounts receivable. Calculate, record, and prepare payment of development fees, management fees and administrative fees as required. 

REQUIREMENTS: Bachelor’s degree in accounting or finance Two years general ledger experience in development/job cost accounting or real estate/property management/construction accounting Proficiency in Microsoft Office; exposure to Yardi or MRI preferred

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