Construction Accountant — Timberlane Partners

The Benaroya Group; Seattle (WA); On-site; USD 80,000 - 90,000; Full time

Benefits offered by this job

Medical, dental, and vision insurance

401(k) with employer match

Vacation days

9 paid holidays

Job summary

Timberlane Partners in Seattle is seeking a senior construction accountant to manage day-to-day accounting for construction projects and related duties across development, asset management, and hospitality teams.

The successful candidate will report to the Real Estate Controller and play a key role in budgeting, reporting, and ensuring project controls while mentoring junior staff in a fast-paced, hands-on environment.

Qualifications

• 5+ years of accounting experience with increasing responsibilities.
• Real estate development, property management and/or construction accounting experience.
• Direct experience processing loan draws in real estate/banking/construction.
• Strong GAAP knowledge and reporting proficiency.
• Bachelor's degree in accounting or finance.
• Experience with financial reporting, budgeting and reconciliations.
• Proficient in Excel; familiar with ERP systems; quick learner.

Responsibilities

• Prepare, review, and submit bank construction draws to lenders.
• Review and report construction pay applications, change orders, lien releases.
• Monitor project budgets and forecasts per standard practices.
• Analyze budgets and expenditures against funding sources.
• Collaborate with development and asset management on budget concerns.
• Oversee monthly payment applications with internal and external parties.
• Prepare reconciliations and data analyses for reporting.
• Maintain communication with acquisition, development, and asset management teams.

Skills

GAAP knowledge

Analytical thinking

Attention to detail

Verbal & written communication

Education

Bachelor's degree in accounting or finance

Tools

QuickBooks

ERP systems

Microsoft Excel

Job description

Capitol Hill, Seattle
www.timberlanepartners.com

Who We Are

Founded in 2011, Timberlane Partners is a Seattle-based real estate investment, development, and asset management company with a focus on multifamily real estate. The firm, led by Dave Enslow and John Chaffetz , acquires, improves, and manages properties with a focus on providing superior returns to their capital partners and investing in compelling projects. Timberlane has acquired and built more than $1 billion worth of assets in key markets along the West Coast and Mountain West regions of the US. The firm’s rigorous approach to investing is designed to deliver outsized returns without taking outsized risks. Timberlane prides itself on being a responsible steward of investor capital.

About this Position

We are looking for a full-time senior construction accountant to join our growing team. This position will be responsible for the day-to-day accounting of construction projects and other accounting duties as assigned to support our development, asset management and hospitality departments. You will be an invaluable part of our team and will have a significant opportunity for mentorship and professional development. This position reports to the Real Estate Controller.

Primary Responsibilities

• Prepare, review, and submit bank construction draws to various lenders and institutional partners
• Review and accurately report on all construction pay applications including the thorough analysis and monitoring of change orders and lien releases
• Monitor the overall integrity of project budgets and forecasts in accordance with standard practices
• Review and analyze budgets and expenditures against projects based upon various funding sources
• Effectively communicate and collaborate with the development and asset management teams on budget concerns and overages to ensure projects are proceeding as scheduled and to maintain project controls
• Oversee the review, approval, and processes of monthly payment applications (contractor and consultant) by liaising with the appropriate internal and external parties
• Prepare account reconciliations and perform data analysis for accurate reporting as needed
• Maintain constant and open communication with the acquisition, development and asset management teams throughout the duration of the projects
• Assist the Real Estate Controller in developing accounting processes, policies and procedures
• Responsible for special projects as assigned by the Real Estate Controller and/or Executive Team

Compensation

• Full-time, salaried position, $80,000 - $90,000 annual plus merit based annual discretionary bonus
• Employer paid insurance premium for medical, dental, and vision
• Employer matched 401(k) after 1 month of service
• 160 hours of vacation days can be accrued
• 9 paid holidays

Successful Candidate Attributes

• Ability to perform multiple tasks concurrently and respond to emergent situations effectively
• Thrives and enjoys working in a hands‑on, collaborative environment where no two days are the same
• Very organized, prioritizes well, thinks logically, and utilizes critical thinking to make reasonable decisions
• Proven leadership skills with a healthy work ethic, inquisitive mind, and the confidence to get things done
• Team player with a strong sense of personal accountability, responsibility, and integrity
• Comfortable handling activity for many entities rather than lots of transactions for a single company
• Ability to meet time-sensitive deadlines while demonstrating continuous effort to improve operations, decrease turnaround times, streamline processes, and work cooperatively to provide superior results
• Demonstrated success working in a very dynamic, fast paced, constant changing, growing environment
• Quick thinker and ability to read, analyze, and interpret complex business agreements
• Strong verbal and written communication skills and the ability to interact and maintain effective relationships with professionals at all levels
• A self-starter with the ability to identify areas of need and the drive to take initiative
• Ability to work independently with little or no supervision and willingness to roll up sleeves to deal with complex problem

Minimum Qualifications

• 5+ years of accounting experience with demonstrated increasing responsibilities at the accountant level
• Real estate development, property management and/or construction accounting experience
• Direct experience processing loan draws in a real estate, banking, or construction setting a must
• Strong technical and practical understanding of generally accepted accounting principles (GAAP)
• Bachelor’s degree in accounting, finance, or commensurate relevant work experience
• General understanding of commercial real estate finance, leasing, accounting, and property operations
• Experience with financial reporting and analysis as well as budgeting and account reconciliations
• Working knowledge of QuickBooks, familiarity with other ERP systems and adept at learning new programs
• Proficient in Microsoft Excel and other MS Office programs and excellent attention to detail and numbers