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
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