Development Project Accountant: Budgets & Draws

Brightshore Capital; Charlotte (NC); On-site; USD 70,000 - 100,000; Full time

Job summary

Brightshore Capital, a real estate private equity and development firm, seeks a Project Accountant to join our US Development team in Charlotte, NC. You will help with project reporting, vendor file maintenance, and timely payments, while coordinating with contractors and lenders.

The ideal candidate has 2-5 years of project accounting experience, GAAP knowledge, and strong skills in Yardi and Excel, plus excellent communication and organizational abilities.

Qualifications

• Bachelor's degree in Accounting, Finance, or related field.
• 2-5 years of accounting experience; real estate, development, construction, or property accounting preferred.
• Knowledge of GAAP and experience with general ledger accounting, month-end close, reconciliations, and financial reporting.
• Experience with development budgets and construction/lender draws preferred.
• Yardi experience preferred; strong Excel skills required.
• Strong analytical, organizational, and communication skills with attention to detail.

Responsibilities

• Maintain project budgets, commitments, and related financial information in Yardi.
• Review and code invoices to the appropriate contract, cost category, and accounting period and follow up on outstanding items.
• Monitor actual and committed costs against budget and identify variances, potential exposures, and funding needs.
• Understand significant project agreements, including loan, development, and joint venture agreements, and applicable accounting and reporting requirements.
• Maintain reconciliations between the general ledger, project budgets, commitments, and supporting records.
• Prepare and submit lender and other capital-source draws, including required supporting documentation.
• Monitor lender reporting and compliance requirements and respond to inquiries related to draw submissions.
• Reconcile funding receipts, disbursements, outstanding invoices, and related general ledger activity.
• Manage assigned project cash accounts, including bank reconciliations, wire transfers, and other payment activity.
• Prepare monthly, quarterly, and annual financial reporting for assigned development projects.
• Prepare journal entries, account reconciliations, supporting schedules, and other month-end close workpapers.
• Analyze project financial activity and investigate discrepancies or unusual items.
• Support the Controller with month-end close, financial analysis, audits, and lender/investor reporting.
• Develop a strong understanding of assigned projects and proactively communicate significant issues, deliverables, and deadlines.
• Participate in project meetings and work collaboratively with Development, Fund Finance, Asset Management, Property Management, and other stakeholders.
• Look for opportunities to standardize, automate, and improve recurring accounting and reporting processes.
• Utilize Yardi and other available tools to improve accuracy and efficiency.

Skills

Project accounting

GAAP

Analytical skills

Organizational skills

Communication skills

Multi-tasking

Education

Bachelor's degree in Accounting/Finance

Tools

Yardi

Excel

Job description

Brightshore Capital, a real estate private equity and development firm, seeks a Project Accountant to join our US Development team in Charlotte, NC. You will help with project reporting, vendor file maintenance, and timely payments, while coordinating with contractors and lenders.

The ideal candidate has 2-5 years of project accounting experience, GAAP knowledge, and strong skills in Yardi and Excel, plus excellent communication and organizational abilities.