Construction Draw Specialist

Prime Group; Town of Florida (NY); On-site; USD 75,000 - 85,000; Full time

Benefits offered by this job

Health insurance

Retirement plans

Paid time off

Opportunities for professional development

Job summary

Prime Group is looking for a Construction Draw Specialist to manage tracking, preparing, and reporting on construction project draw tasks. The ideal candidate will have a Bachelor's degree in Accounting, strong skills in construction accounting, and proficiency in relevant accounting software.

This full-time position is based in Hollywood, FL, offering a competitive salary between $75,000.00 and $85,000.00, along with comprehensive benefits including health insurance and opportunities for professional development.

Qualifications

• Minimum of 2 years of experience in construction accounting and loan draw processes.
• Strong knowledge of GAAP and financial reporting standards.
• Excellent analytical and problem-solving skills.

Responsibilities

• Manage the entire process of tracking, preparing, and reporting on construction project draw tasks.
• Maintain and report accurate project budgets.
• Financial and accounting support for projects and entities.

Skills

Construction accounting

Loan Draw processes

Proficiency in accounting software

Analytical skills

Attention to detail

Education

Bachelor's degree in Accounting, Finance, or a related field

Tools

Yardi

Sage 300

MS Excel

MS Word

SharePoint

Job description

Job Details

• Location: Hollywood, FL 33021
• Position Type: Full Time
• Education Level: 4 Year Degree
• Salary Range: $75,000.00 - $85,000.00
• Travel Percentage: None
• Job Shift: Day
• Job Category: Accounting

Job Summary

The construction Draw Specialist is responsible for managing the entire process of tracking, preparing and reporting of all construction and renovation project draw / reimbursement tasks within the organization.

Job Responsibilities

• Perform timely and accurate construction loan draws.
• Perform timely and accurate Renovation/Capital Improvement project billing and reimbursement requests.
• Billing and AR collections of General Contractor billings.
• Tracking, collections, recording and reporting of the billing and funding for the draw requests.
• Review of borrower documents to establish and maintain proper draw request terms and procedures.
• Maintain professional communication with Construction Department, Project Managers, Accounts Payable, Treasury and external funding sources to ensure timeliness and accuracy of the draw/reimbursement processes.
• Create and maintain effective and accurate draw schedules and worksheets.
• Maintain and report accurate project budgets, approved modifications, costs (current and projected) by project cost codes and categories.
• Prepare and track WIP schedules, Pencil Draws, Inspection logs and other supporting schedules and documents.
• Financial and accounting support of projects and entities.
• Assist with subcontractor management, invoicing requirements, and timeliness of deliverables.
• Obtain/file new vendor W-9’s, reviewing logs weekly and updating any expired certificates.
• Verification, tracking and reporting of lien releases, insurance, and W-9’s for all appropriate contractors, sub-contractors and vendors.
• Reconcile job cost to GL accounts.
• Prepare monthly internal reports for management review.
• Assist Construction, Purchasing, Treasury and Accounts Payables with tasks associated with draw responsibilities.
• Record journal entries and perform monthly account reconciliations.
• Research and resolve discrepancies as needed.
• Ensure that all associated accounting functions are performed accurately and timely.
• Perform month-end closing procedures for assigned projects.

Job Requirements & Qualifications

• Bachelor’s degree in Accounting, Finance, or a related field.
• CPA or CMA certification is a plus.
• Minimum of 2 years of experience in construction accounting and construction/loan draw processes, preferably with a real estate developer.
• Proficiency in all details of Loan Draw process with Lenders.
• Proficiency in accounting software (Yardi, Yardi CM, Yardi Voyager, Sage 300, Timberscan), advance in MS Excel, Word, SharePoint.
• Strong knowledge of GAAP and financial reporting procedures and standards.
• Strong understanding of construction project management principles and terminology.
• Excellent analytical and problem-solving, and decision-making skills.
• High level of accuracy and attention to detail.
• Ability to thrive in a fast-paced environment, manage multiple priorities, and meet tight deadlines.
• Knowledge of construction contracts, change orders, and procurement processes is advantageous.

Benefits

• Competitive salary commensurate with experience.
• Comprehensive benefits package including health insurance, retirement plans, and paid time off.
• Collaborative and team-oriented work environment.
• Opportunities for professional development and career advancement within a growing organization.

Equal Opportunity Employer

This is an Equal Opportunity Employer.