Project Accountant For Real Estate

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.

1. AP and General Ledger

a. Document all aspects of construction payables, complete invoice backup, payment backup, and lien releases in accordance with each project's indexing system.

b. Maintain accurate accounting file system

c. 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

d. Coordination of the billing process with the project accounting team

e. Collocation and tracking of compliance items for vendors and subcontractors,

including insurance requirements, lien releases, W9 Information, and all adequately signed documents

f. 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

g. Generate Bank Reconciliation spreadsheet/reports and update (twice a week)

h. Generate weekly Development AP Invoice list for review

i. Generate “ Construction Level Weekly AP Invoice Report”

j. Maintaining an accurate accounting file system

2. Loan Compliance

a. Prepare loan draw support and collect all relevant documentation

b. Prepare progress bill support and collect all relevant documentation

c. Ensure that all loan and progress bill reporting are submitted on time

d. Prepare invoice list for loan draws and consolidate all draw-related support

e. Prepare invoice list for progress bills and consolidate all progress bill-related support

3. Reporting and Close Process

a. Communicate with the project team to ensure project budgets are updated and ensure no negative discrepancies are present.

b. Prepare the monthly close financial package and deliver it to the Project Accountant for review.

c. Update projects that are in the Entitlement phase in correspondence with the project model and ensure updates do not cause any overcommitments.

d. Maintain an accurate record of all Preliminary lien releases as received by the Team.

e. 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

4. General

a. Support on any accounting-related activities during the Month -End close as necessary

b. Support the Project Accounting team in communicating with the Project Team

c. Assist with organization and saving of vendor contracts, ensuring that Yardi commitments are tied out and up to date.

5. Assist with GC books

a. Payroll

b. Weekly material costs

c. CC reconsolidation and reimbursement

d. Payroll reimbursement

e. WC insurance payments

f. GL insurance payments

Minimum Qualifications:

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

2. 2+ years of experience in accounts payable

3. +1 yr Experience in a similar role in the Construction or real estate industry

4. Strong knowledge of accounting principles and financial reporting

5. Proficiency in Excel and Yardi is highly desired

6. Excellent verbal and written communication skills

Technical Requirements:

• A working computer with at least 8GB of RAM
• Licensed Windows 11 and MS Office installed and running on your computer
• A primary internet connection with a minimum of 20mbps download speed
• A backup internet connection with a minimum of 10mbps download speed

Job Types: Full-time, Permanent

Pay: Php30,000.00 - Php50,000.00 per month

Benefits:

• Company events
• Paid training
• Work from home

Application Question(s):

• Are you located in the Philippines?
• Can you work in US Business Hours?

Education:

• Bachelor's (Required)

Experience:

• Yardi Voyager: 2 years (Preferred)
• Quickbooks: 2 years (Preferred)
• Advance MS Excel: 2 years (Preferred)
• Real Estate Accounting: 2 years (Required)

License/Certification:

• CPA (Preferred)

Work Location: Remote