Construction Project Accountant (REMOTE)

Basis Industrial•New York, NY

3d•Remote

About The Position

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.

Requirements

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

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