Senior Development Accountant

COPT; Columbia (MD); On-site; USD 90,000 - 120,000; Full time

Job summary

COPT in Columbia, MD seeks an experienced accounting professional to support fixed assets, development accounting and capital expenditures. You will review deals for GAAP compliance, analyze transactions and prepare timely financial updates for stakeholders.

Ideal candidates have a Bachelor's in Accounting, 4–6 years of real estate finance experience, and CPA is preferred. The role reports to Senior Development Portfolio Controller or Development Manager and involves close collaboration with

Qualifications

• Requires 4–6 years of relevant experience.
• Preferred CPA credential.
• Strong GAAP knowledge and ability to analyze deals.

Responsibilities

• Review each deal to determine GAAP accounting and the underlying substance.
• Monitor and process fixed asset transactions and adjustments with minimal supervision.
• Track development project budgets and costs in the job cost system.
• Collaborate with project management to obtain estimates and ensure accurate reporting.
• Prepare quarterly financial updates for development projects as assigned.
• Review costs for proper accounting and timely payments; investigate variances.

Skills

GAAP knowledge

Analytical thinking

Financial reporting

Fixed assets

Education

Bachelor's degree in Accounting or related field

Tools

Job cost system

Job description

Works alongside of Senior Development Portfolio Controller or Development Manager to serve as key point of contact for one or more team processes to include Fixed Assets, Tenant Improvement, Capital Expenditure, Third Party and/or Development accounting serving as trusted resource for all accounting related issues. Rely on knowledge of GAAP as well as the business, processes and systems to review each deal to ascertain the true essence underlying the financial transaction. Requires ability to analyze transactions, independently seek out relevant information and apply what has been learned to arrive at GAAP accounting conclusion supported by key set of facts.

ESSENTIAL FUNCTIONS

• Rely on knowledge of GAAP as well as the business, processes and systems to review each deal to ascertain the true essence underlying the financial transaction. Requires ability to analyze transactions, independently seek out relevant information and apply what has been learned to arrive at GAAP accounting conclusion supported by key set of facts.
• With minimal supervision, monitors leasing activity to identify and process required fixed asset transactions and adjustments.
• Review and analyze each deal to determine GAAP accounting with the understanding that the accounting may not mirror the economic deal structure.
• Requires knowledge of accounting principles and the ability to independently seek out resources both within and outside the company to determine the essence of the deal.
• Tracks budgets and estimates for development projects in the job cost system.
• Monitor and review PAY invoices and vendor Contracts/Change orders to ensure timely vendor payment and recording as well as proper coding.
• Prepare quarterly project financial project updates as assigned.
• Review and analyze costs to ensure proper accounting.
• Collaborate with project management, teams to obtain estimates.
• Monitor payments against approved spend and investigate and resolve variances.
• Assists with delivering accurate, timely and relevant reporting fixed assets and assigned development projects to various stakeholders highlighting information needed to make business decisions.
• Requires ability to continuously apply knowledge of what is relevant and adjust reporting metrics regularly to meet the needs.
• Prepare and process monthly capitalized interest calculations for active development projects.
• Monitor list of active projects based upon understanding of project status.
• Review underlying calculations ensuring they are prepared timely and accurately accordance with GAAP and accounting policies.

SECONDARY RESPONSIBILITIES

• Coordinate and facilitate quarterly development accrual process.
• Perform other job-related duties as assigned.

Qualifications

Education

Preferred

Bachelors or better in Accounting or related field.

Experience

Preferred

4-6 years of relevant experience.Specific finance experience in the real estate industry preferred.

Licenses & Certifications

Preferred

CPA

Equal Opportunity Employer

This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.