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Senior Development Accountant

Company: NW Recruiting Partners
Location: Bellevue
Posted on: June 20, 2022

Job Description:

Senior Development Accountant In-OfficeOur client, a well-established Real Estate Developer with assets in the US and Canada is searching for a Senior Financial Accountant to manage their high-profile developments. This position is based in our clients Seattle office.The ideal candidate will be a long-term player with a proven track record of success with a minimum of 5 years' experience in the Real Estate/Development or Construction Industries. Knowledge of IFRS/GAAP U.S. Accounting and Yardi experience is preferred.The Senior Development Accountant be integral to the accounting team's success as it will work on Joint Venture Accounting, Acquisitions, Project Accounting, and Property Management Accounting. This role works closely with and reports directly to the Controller.Senior Development Accountant Duties:

  • Understands financial relationships, modeling, probability and can perform relevant statistical and sensitivity analysis.
  • Responsible for understanding partnership agreements and partner/investor waterfalls for income, fees, and cash flow distributions.
  • Ensures all financial reports are prepared in a timely and accurate manner, including allocations and expense/revenue accruals. Prepares and presents financial statements and related reports (including but not limited to balance sheets, income statements, cash-flow reports/projections, and variance analysis).
  • Project Accounting: Prepares and enters all project job cost and journal entries necessary to maintain budget cost categories and ledger accounts to accurately reflect financial activity and balances.
  • Responsible for the cash management and oversight of each development project and related entity, including payments to contractors and professionals, processing of wires, transfers and collection of fees, loan disbursements and equity contributions.
  • Responsible for accounting oversight and maintenance of the general ledger for entities associated with development projects.
  • Assist in annual audit requirements and ad-hoc reporting requirements
  • Assist in all lending reporting requirements
  • Prepare and maintain monthly proformas, bank draws, budgets & forecasts
  • Effectively communicate with development team on budget concerns or overagesSenior Development Accountant Qualifications:
    • Bachelor's degree in Accounting or Finance
    • 5+ years accounting related experience
    • Experience managing a diverse team with multiple locations
    • Property Management Software, Yardi Software preferred
    • Proficient in MS QuickBooks, MS Office, and Power

Keywords: NW Recruiting Partners, Bellevue , Senior Development Accountant, Accounting, Auditing , Bellevue, Washington

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