Development Accountant

NexCore Group; Denver, Northern (CO, KY); On-site; USD 75,000 - 85,000; Full time

Benefits offered by this job

Commission (discretionary)

Medical benefits

401K

Job summary

NexCore Group in Denver is seeking an experienced accountant to manage construction-related accounting, including job cost reporting and vendor payment processing. You’ll work with development and construction teams to ensure accurate GAAP reporting and compliance with contract terms.

The role requires a bachelor’s degree in accounting and 2+ years of accounting experience, preferably in real estate, with strong MS Office skills. Competitive salary and comprehensive benefits offered.

Qualifications

• Bachelor’s degree in accounting is required.
• 2+ years of accounting experience (real estate preferred).
• Advanced Microsoft Office Suite experience required.
• Strong organizational skills.
• Strong communication skills and ability to run meetings.

Responsibilities

• Prepare monthly construction draws and job cost reports.
• Process invoices and wire transfers with supporting documents.
• Reconcile invoice requests with commitments and verify GC pay apps.
• Respond to inquiries from contractors and management on vendor payments.
• Ensure budgets and payments comply with contracts and amendments.
• Coordinate with D&C on contract approvals and cost forecasting.
• Participate in kick-off and close-out meetings with GCs.
• Prepare monthly GAAP statements and support year-end audits.

Skills

Organizational skills

Communication skills

Meeting facilitation

Development agreements interpretation

Education

Bachelor’s degree in accounting

Tools

Microsoft Office Suite

Microsoft Excel

Job description

• Prepare monthly construction draws, job cost reports, and any assignments related to development and construction involving accounts payable, accounts receivable, general ledger, reporting or banking
• Process invoices, check requests, wire transfers for development projects in Yardi and ensuring adequacy of all necessary supporting documents for proper accounting and job cost coding
• Reconcile invoice requests against approved commitments and ensure invoices are paid within limits of contract terms and budgets and review in detail the billing from a third-party General Contractor (GC) including but not limited to: verifying all lien releases are received with correct amounts, proper documentation related to stored materials is present and correct and underlying support ties to GC pay app
• Respond to inquiries from contractors, development, and management regarding the status of vendor payments and commitments and track costs for pre-development projects
• Ensure development budgets, contract payments and commitments are not exceeded and follow all applicable agreements and amendments and work collaboratively with the Design and Construction (D&C) department to provide proper accounting details and support
• Coordinate with the D&C department on contract approvals, change order updates, forecasting of project costs, and lender compliance
• Participate in kick-off and close out meetings with general contractors and, as assigned, perform underwriting of potential general contractors
• Prepare monthly GAAP financial statements and support schedules and assist in providing backup and support for yearly project audits
• Understand and adhere to internal control processes
• Responsible for preparation of all monthly/quarterly/annual debt compliance, as assigned
• Special projects and other duties as needed

Skills, Knowledge, and Expertise

• Bachelor’s degree in accounting – Required
• 2+ years’ experience in accounting (preferably in real estate)
• Advanced Microsoft Office Suite experience
• Strong organizational skills
• Strong communication skills and ability to run meetings
• Ability to interpret development related agreements
• Compensation: $75,000 - $85,000 / year
• Eligible for discretionary benefits: commission structure
• Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits
• Travel: this position will not require travel

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.