Project Accountant

Andrews & Cole, LLC; Washington (District of Columbia); On-site; USD 70,000 - 100,000; Full time

Job summary

Andrews & Cole, LLC is seeking a candidate to manage a full range of accounting processes and financial reporting for a portfolio of real estate assets. You will work under the Director of Accounting, handling monthly close, journal entries, reconciliations, and reporting for lenders and senior management.

The role demands a self-starter with attention to detail, entrepreneurial spirit, and problem solving for complex real estate transactions.

Qualifications

• Strong knowledge of GAAP and monthly-close processes.
• Ability to prepare journal entries for accruals, prepayments, and rent transactions.
• Experience reviewing rent rolls, AR/AP, and job cost reports for GL accuracy.

Responsibilities

• Prepare and enter journal entries for accruals, prepayments, rent charges and receipts, and other monthly entries.
• Review rent rolls, accounts receivable reports, accounts payable reports, and job cost reports ensuring accuracy against the general ledger.
• Lead research and preparation of complex journal entries for acquisitions, dispositions, and loan closings.
• Assist with accounts payable payment processing.
• Prepare monthly bank reconciliations.
• Prepare month-end and quarterly close workbooks for senior management.
• Assist development team with monitoring of capital projects by preparing and producing reports to analyze budget-to-actual variances.
• Bill and track development management fees for each project.
• Support development principals and investment group to produce accounting reports and construction draw packages for lenders.
• Prepare required reporting for lenders of investment debt and monitor loan compliance regularly.
• Work with tax preparer and auditors to produce year-end tax returns and audited financial statements and lender reporting requirements.
• Assist development principals and investment group with annual project budgets.
• Assist Managing Partners, CFO, CCO, and Director of Accounting with ad hoc tasks

Skills

GAAP knowledge

Journal entries

Month-end close

Reconciliations

Detail-oriented

Education

Bachelor’s degree in Accounting

CPA licensure or eligible

Tools

Yardi

MRI

Job description

Reporting to the Director of Accounting, this candidate will be responsible for a full range of accounting processes and financial reporting for a portfolio of real estate assets. This position requires knowledge of Generally Accepted Accounting Principles(“GAAP”) and monthly-close processes, preparing journal entries, and account reconciliations. In addition, this role requires a self-starter who is detail oriented, entrepreneurial, and a creative problem solver.

Responsibilities:

• Prepare and enter journal entries for accruals, prepayments, rent charges and receipts, as well as other monthly entries, as needed
• Review rent rolls, accounts receivable reports, accounts payable reports, and job cost reports ensuring accuracy against the general ledger
• Lead the research and preparation of complex journal entries for acquisitions, dispositions, and loan closings
• Assist with accounts payable payment processing
• Prepare monthly bank reconciliations
• Prepare month-end and quarterly close workbooks for senior management
• Assist development team with monitoring of capital projects by preparing and producing reports to analyze budget-to-actual variances
• Bill and track development management fees for each project
• Support development principals and investment group to produce accounting reports and construction draw packages for lenders
• Prepare required reporting for lenders of investment debt and monitor loan compliance regularly
• Work with tax preparer and auditors to produce year-end tax returns and audited financial statements and lender reporting requirements
• Assist development principals and investment group with annual project budgets
• Assist Managing Partners, CFO, CCO, and Director of Accounting with ad hoc tasks

Qualifications:

• Bachelor’s degree in Accounting or similar
• 2+ years of accounting experience in public accounting, REITs, commercial property management, or commercial real estate construction accounting
• Licensed CPA or qualified to sit for the CPA
• Experience with Yardi, MRI, or a similar program is preferred