Project Accountant

Avdoo & Partners Development; New York (NY); On-site; USD 60,000 - 100,000; Full time

Job summary

An established industry player in real estate development seeks a dedicated Project Accountant to oversee financial reporting and project accounting. In this pivotal role, you will manage construction budgets, collaborate with project managers, and ensure compliance with financial regulations. Your expertise will contribute to crafting transformative buildings that resonate with communities. If you thrive in a fast-paced environment and have a passion for finance and real estate, this opportunity is perfect for you. Join a team committed to excellence and innovation in every project.

Qualifications

• 3+ years of experience as a Project Accountant or Bookkeeper.
• Strong understanding of accounting principles and financial reporting.

Responsibilities

• Manage project accounting and financial reporting for real estate development.
• Conduct monthly audits of project costs against approved budgets.

Skills

Accounting Principles

Financial Reporting

QuickBooks

Microsoft Office Suite

Communication Skills

Organizational Skills

Project Budget Oversight

Insurance Procurement

Education

Bachelor's degree in Accounting

Tools

QuickBooks

Microsoft Office Suite

Job description

Position Overview: Manage project accounting and financial reporting for real estate development projects, including oversight of construction budgets, loan draws, and risk management functions.

Responsibilities

• Processing subcontractor, vendor, and consultant requisitions, compile loan draws and G702/3s, and collaborate with the construction PM team to review and approve accounting requests.
• Maintain overall project bookkeeping and budget oversight, reporting any overages or potential issues to the Project Manager and Head of Construction.
• Conduct contract administration to support construction team in drafting, reviewing and finalizing subcontractor and vendor buyout, including contractual language and insurance requirements.
• Conduct monthly audits of project costs against investment-approved budgets; maintain and update the ACR throughout each project's lifecycle.
• Prepare and distribute monthly and quarterly financial reporting packages (income statements, balance sheets, cash flow statements) to internal stakeholders and external partners, including investors and lenders.
• Coordinate with external insurance brokers to oversee company-wide risk management, ensuring construction and condominium insurance coverage remains current and active.
• Manage subcontractor insurance by obtaining updated Certificates of Insurance (COIs), tracking subcontractor insurance compliance, verifying insurance requirements, and managing permit renewals.
• Reconcile company credit card expenses.
• Manage accounts payable, mortgage payments, project disbursements, and reconciliations for construction loans, reimbursable expenses, and other project-related expenses.
• Perform additional duties as required to support the corporate finance and construction teams.

Qualifications

• Bachelor’s degree in Accounting required.
• Minimum of three (3) years of experience as a Project Accountant or Bookkeeper.
• Prior experience in real estate development or general contracting required; public accounting experience a plus.
• Proficient in QuickBooks and Microsoft Office Suite.
• Familiarity with AIA Documents G702/G703.
• Strong understanding of insurance procurement, buyouts, and renewal processes.
• Experience with project budget and scheduling oversight.
• Thorough knowledge of accounting principles, general ledger functions, and month-end/year-end close processes.
• Demonstrated ability to create accurate financial statements and reports.
• Excellent written and verbal communication skills.
• Highly organized, proactive, and capable of prioritizing in a fast-paced environment.
• Ability to work in Manhattan office 5 days a week.

Company Overview: Avdoo & Partners Development (“A&P”) is a fully integrated, privately held real estate organization with extensive experience in all aspects of the asset life cycle. At Avdoo, we are deeply committed to crafting buildings that leave a lasting impact on both lives and communities. Our design-driven approach is central to our work, collaborating with renowned architects such as Robert A.M. Stern, Taller Frida Escobedo, and designers, including those on the AD100 list, such as Alyssa Kapito, Alexis Brown, and Workstead. We manage the entire development process, from acquisitions to design to construction, in order to ensure we are creating transformative buildings that seamlessly integrate into their communities' architectural fabric and resonate with the neighborhood.

Please e-mail applications and resumes to [e-mail]

Seniority level

• Mid-Senior level

Employment type

• Full-time

Job function

• Accounting/Auditing and Finance