Construction Project Accountant

Basis Industrial is seeking a Construction Project Accountant to manage project accounting activities for construction and development projects from inception through closeout. The ideal candidate will have a strong background in construction accounting, specifically with Yardi software. This role emphasizes organization skills to thrive in a fast-paced environment. This is a full-time and fully remote position, reporting to the Controller. Candidate is expected to work during EST business hours. Responsibilities

Manage project set up and ensure accurate job cost accounting, budget tracking, forecasting and variance analysis

Review, code, and process contractor and vendor contracts and invoices in Yardi Construction Manager and P2P

Prepare and review monthly project financial reports and reconciliations including multi-year cash flow forecasts

Reconcile project subledgers to general ledger

Monitor project budgets, committed costs, actual costs, and forecasts throughout the project life cycle

Prepare construction draws (as needed) and monitor cash balances and funding sources

Enter and maintain jobs, contracts, change orders and project financial data in Yardi Construction Manager

Review contractor pay applications, including AIA G702/G703 or equivalent documentation, and validate contract amounts, approved change orders, retainage, prior billings and supporting documentation.

Prepare and reconcile construction loan draw packages, track lender/equity funding, sources and uses, and ensure compliance with applicable funding requirements.

Coordinate project accounting closeout, including final cost reconciliation, contract/commitment closeout, retainage releases, CIP clearing and transfer of completed projects to fixed assets.

Calculate and/or support capitalization of eligible development costs, including capitalized interest, as applicable.

Ensure proper controls are followed for change orders, budget revisions, and commitments

Collaborate with property managers, construction team, asset managers, accounts payable, and accounting to ensure timely and accurate financial information

Maintain and ensure compliance of project documentation including COI compliance and receipt of accurate lien waivers

Prepare year-end fixed asset schedules and other support materials for audit and tax

Identify opportunities to improve processes and system efficiencies

Qualifications

Bachelor’s degree in Accounting, Finance, or related field

3+ years of construction or project accounting within a real estate organization

2+ years recent hands on experience with Yardi Construction Manager

Strong understanding of job cost accounting, change orders, construction contracts, and project budgeting

Experience with construction loan draws and CIP accounting

Advanced Excel skills

Strong analytical, organizational, and problem-solving skills

Excellent communication skills and the ability to manage multiple projects simultaneously with accuracy

Originally posted on Himalayas