Development Accountant
Job Description:
As a Development Accountant, you will play a critical role in our financial operations, ensuring the accurate and efficient management of financial data related to real estate development projects. This position requires a seasoned accounting professional with a minimum of 5 years of experience, including a strong background in public accounting and deep knowledge of the real estate development industry.
Key Responsibilities:
- Lead and execute month-end and year-end closing processes for real estate development projects, including reconciling accounts, preparing journal entries, and producing financial reports.
- Monitor and manage project costs, including construction expenses, land acquisition costs, and development-related expenditures. Identify cost-saving opportunities and provide recommendations.
- Work closely with vendors, reviewing and coding invoices, ensuring accuracy, and processing payments in a timely manner. Resolve vendor inquiries and discrepancies.
- Consolidate internal and external financial ledgers, reconciling intercompany accounts, and ensuring accurate financial reporting for the entire organization.
- Maintain and monitor project cash flows, ensuring adequate funding for development activities and identifying potential cash flow challenges.
- Conduct in-depth financial analysis of real estate development projects, assessing investment returns, profitability, and risk factors. Provide insights to support decision-making.
- Collaborate with external auditors to facilitate annual audits and reviews, ensuring accurate and timely provision of financial data and documentation.
- Handle various administrative tasks related to financial recordkeeping, document management, and other duties as assigned.
Qualifications:
- Bachelor’s degree in Accounting (Master’s degree and/or CPA certification preferred).
- Minimum of 5 years of accounting experience, with a focus on real estate development.
- Previous experience in public accounting is required.
- Strong knowledge of GAAP and industry-specific accounting principles.
- Proficiency in Yardi
- Excellent analytical and problem-solving skills.
- Exceptional attention to detail and accuracy.
- Strong communication and interpersonal skills.
- Ability to work independently and as part of a collaborative team.
The SR Group (UK) Limited is acting as an Employment Agency in relation to this vacancy.
