Project Accountant

Your Remote Assistant, Inc.; Austin (TX); On-site; USD 70,000 - 90,000; Full time

Job summary

Your Remote Assistant, Inc. is seeking a Project Accountant in Austin, Texas. This role will support Development and Construction teams by ensuring accurate accounting for projects from setup to completion. Responsibilities include documenting construction payables, preparing loan draw support, and generating financial reports.

The ideal candidate will have a Bachelor's degree in Accounting or Finance, 2+ years of accounts payable experience, and strong knowledge of accounting principles. Proficiency in Excel and Yardi is highly desired.

Qualifications

• Bachelor's degree in Accounting, Finance, or related degree.
• 2+ years of experience in accounts payable.
• Strong knowledge of accounting principles and financial reporting.
• Proficiency in Excel and Yardi highly desired.
• Excellent verbal and written communication skills.

Responsibilities

• Document all aspects of construction payables.
• Prepare loan draw support and ensure all documentation is complete.
• Communicate with the project team to ensure project budgets are updated.
• Generate monthly financial reports including Job Cost Budget vs Actuals.
• Support on any accounting-related activities during the Month-End close.

Skills

Accounting principles

Financial reporting

Excel proficiency

Yardi

Verbal and written communication

Education

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

Tools

Yardi

Excel

Job description

The Project Accountant is an exciting opportunity that will support the Development and Construction teams to ensure accurate and timely accounting for our projects from set up to completion.

Key Responsibilities

AP and General Ledger

• Document all aspects of construction payables, complete invoice backup, payment backup, and lien releases in accordance with each project’s indexing system.
• Processing of all aspects of construction payables, including coding, and maintenance of job cost reports
• Communicate with the Project Accounting team regarding contract variances/overages
• Coordination of the billing process with the project accounting team
• Collocation and tracking of compliance items for vendors and subcontractors, including insurance requirements, lien releases, W9 Information, and all adequately signed documents
• Review contractor’s payment applications for monthly billing, including percent of completion, retainage percent or amount and verify that it contains a valid conditional waiver and supporting documents
• Generate Bank Reconciliation spreadsheet/reports and update (twice a week)
• Generate weekly Development AP Invoice list for review
• Generate “ Construction Level Weekly AP Invoice Report”
• Maintaining an accurate accounting file system

Loan Compliance

• Prepare loan draw support and collect all relevant documentation
• Prepare progress bill support and collect all relevant documentation
• Ensure that all loan and progress bill reporting are submitted on time
• Prepare invoice list for loan draws and consolidate all draw-related support
• Prepare invoice list for progress bills and consolidate all progress bill-related support

Reporting and Close Process

• Communicate with the project team to ensure project budgets are updated and ensure no negative discrepancies are present.
• Prepare the monthly close financial package and deliver it to the Project Accountant for review.
• Update projects that are in the Entitlement phase in correspondence with the project model and ensure updates do not cause any overcommitments.
• Maintain an accurate record of all Preliminary lien releases as received by the Riaz Team.
• Prepare the first draft of all monthly financial reports including but not limited to:
• Job Cost Budget vs Actuals
• Balance Sheet and Income Statement
• Project Cash Flow Forecast

General

• Support on any accounting-related activities during the Month -End close as necessary
• Support the Project Accounting team in communicating with the Project Team
• Assist with organization and saving of vendor contracts, ensuring that Yardi commitments are tied out and up to date.

Assist with GC books

• Payroll
• Weekly material costs
• CC reconsolidation and reimbursement
• WC insurance payments
• GL insurance payments

Qualifications Required

• Bachelors degree in Accounting, Finance, or related degree
• 2+ years of experience in accounts payable
• Strong knowledge of accounting principles and financial reporting
• Proficiency in Excel and Yardi highly desired
• Excellent verbal and written communication skills