Development Accountant

Rockefeller Group; New York (NY); On-site; USD 75,000 - 80,000; Full time

Job summary

Rockefeller Group is seeking an entry-level to junior accounting professional to support the accounting, budget and financial reporting for development entities. The role involves journal entries in Yardi, invoicing, loan draw processes, and monthly financial statements across multiple projects.

You will interact with development teams, ensure expenditures are properly coded, and assist auditors during annual and interim audits, while contributing to timely financial reporting and analysis.

Qualifications

• 0-2 years experience in the accounting field. Public accounting experience preferred.
• Familiar with US GAAP preferred
• Computer literacy including Excel and Word in Windows environment.
• Knowledge of Yardi accounting software preferred but not required.
• Ability to read, write and thoroughly understand and apply financial data
• Ability to present financial information to management in writing and verbally
• Writing skills are very important
• Ability to work long, irregular hours as necessary

Responsibilities

• Assists in proper coding of invoices to reflect expenditures in the correct GL accounts
• Prepares and inputs monthly journal entries into Yardi general ledger
• Processes funding and draw requests for projects with construction loans and ensures timely payments
• Tracks costs against Investment Committee approved budgets
• Prepares monthly bank reconciliations and clears reconciling items
• Assists with preparation and distribution of monthly financial reports for development companies
• Assists auditors with annual and interim audits and prepares supporting schedules
• Performs special analytical and accounting studies as assigned
• Assists in preparation of monthly financial statements (income, balance sheet, cash flow)
• Reconciles intercompany balances and JV funding/draws with project costs

Skills

Writing skills

US GAAP

Analytical thinking

Financial reporting

Education

Bachelor’s Degree

Accounting

Tools

Excel

Yardi

Windows

Job description

Our people make all the difference in our success. We value innovation, teamwork and collaboration, and welcome passionate, results-oriented professionals to apply for our open positions.

General Summary:

Provides accounting, budget, and financial reporting for RGDC’s development entities. Extensive general ledger account analyses and all other accounting procedures in order to produce timely and accurate financial statements.

Summary of Key Duties and Responsibilities:

• Assists in the proper coding of invoices to ensure expenditures are reflected in the correct general ledger accounts
• Prepares and inputs monthly journal entries into Yardi general ledger system
• Processes funding requests and draw requests for projects with construction loans. Works with project accountant to ensure complete and timely loan draws are prepared and vendors are paid in a timely manner
• Tracks costs against Investment Committee approved budgets
• Prepares monthly bank reconciliations. Works with Transaction Services to clear all reconciling items on a timely basis
• Assists with the preparation and distribution of monthly financial reports for development companies internally and to external partners
• Assists internal and external auditors with annual and all interim audits. Prepares supporting schedules required by auditors
• Performs special analytical and accounting studies as assigned
• Assists in the preparation of monthly financial statements, including income statements, balance sheet and cash flow statements
• Assists in the proper coding of invoices, including analysis and reconciliation to ensure expenditures are reflected in the correct general ledger accounts
• Assists with any audits of construction costs
• Reconciles costs on Development Project Cost System to general ledger
• Reconciles intercompany balances and transactions
• Interacts with general accounting personnel and the development teams across the various regions
• Assists with the transaction closing process, review settlement statements for purchases and sales, prepares opening entries/gain on sale calculations
• Interacts with joint venture partners to ensure information received is accurate and proper accounting principles are followed
• Reviews JV funding requests and draw requests for projects with construction loans for completeness and accuracy
• Enhances professional and personal development
• Performs other duties as assigned

Education Requirements:

Bachelor’s Degree Required

Preferred field of education: Accounting

Experience / Knowledge / Skills Requirements:

• 0-2 years experience in the accounting field. Public accounting experience preferred
• Familiar with US GAAP preferred
• Computer literacy required, including proficiency in word processing and spreadsheet programs in Windows environment. Proficiency with Excel and Word required
• Knowledge of Yardi accounting software preferred but not required. Ability to respond to inquiries or complaints from internal and external sources
• Ability to read, write and thoroughly understand and apply financial data
• Ability to effectively present financial information to management and employees in written and verbal format
• Writing skills are very important
• Ability to work long, irregular hours as necessary

Licenses / Certifications Requirements:

Meets educational requirements to sit for CPA exam, preferred

Salary Range: $75,000 - $80,000

Rockefeller Group offers a competitive benefits package.

The position description is a guide to the critical duties and essential functions of the job, not an all-inclusive list of responsibilities, qualifications, physical demands and work environment conditions. Position descriptions are reviewed and revised periodically to meet the changing needs of the Company at the sole discretion of management. Position responsibilities are subject to change, consistent with business needs. Reasonable accommodations may be made to enable qualified individuals with disabilities to perform the essential functions unless this causes undue hardship to the Company.

Rockefeller Group International, Inc. and its subsidiaries are equal opportunity employers and comply with all federal, state and local equal employment opportunity laws.

Our aim is to continue to recruit and retain a diverse workforce that promotes inclusiveness and emphasizes individual initiative, continuous improvement and teamwork to deliver the highest quality real estate and services throughout the United States.