Project Accountant

The Church of Jesus Christ of Latter-day Saints•Salt Lake, UT

About The Position

At Property Reserve, our people, values, and work come together to build something greater. Property Reserve is the real estate investment arm of the reserve funds for The Church of Jesus Christ of Latter-day Saints. In the spirit of time-tested self-reliance principles, Property Reserve creates sustainable cashflow for future needs. As caretakers of sacred funds, we invest in income-generating properties and land to support the Church’s mission. Our focus is on the acquisition, build-to-hold development, and portfolio level management of office, industrial, multi-family, build-to-rent, hospitality, and retail properties. Property Reserve provides a diverse range of investment experiences, interacting with a seasoned leadership team. Working in a highly collaborative environment, each Property Reserve team member has the chance to contribute meaningfully and frequently to the company culture. Headquartered in downtown Salt Lake City, we offer a locale with a unique blend of world-class outdoor recreation, a thriving culture & arts scene, and diverse housing options with convenient commutes.

Requirements

Member of the Church of Jesus Christ of Latter-day Saints and currently temple worthy.
Bachelor’s degree in accounting or finance.
5+ years of professional finance experience with a significant portion in a relevant construction project or development accounting role.
Substantial knowledge of construction industry and project accounting
Ability to prioritize assignments to meet numerous deadlines.
Excellent analytical, quantitative, and problem-solving skills.
Ability to work effectively and build strong relationships with project managers and general contractors, project management, and accounting personnel.
Accuracy and attention to detail – fastidious.
Experience with Yardi Voyager project management/costing software or similar system.
Significant expertise with Microsoft Excel and Word.
Strong ethical background, to ensure the highest level of fairness and integrity in the position, and in dealings with outside contractors and other external parties.

Nice To Haves

CMA, CPA, or MBA preferred.

Responsibilities

Be thoroughly familiar with the project plan for assigned asset projects and monitor detailed project activities toward successful completion of project objectives.
Attend project coordination meetings to support project managers in identifying and resolving potential operational and financial issues in advance.
Gain a thorough understanding of contractual provisions of assigned construction, design and consulting contracts and build shared understanding with contractors of Property Reserve’s contract administration practices both at contract inception and as new issues arise throughout the project.
Monitor compliance with contractual provisions to ensure expected benefits and deliverables are received by the Company.
Perform project accounting and ensure costs are accurately reflected in project management/costing systems. This includes creation and closeout of projects, setup and closeout of contracts, recording of costs using the appropriate cost categories, etc…
Review cost support provided with contract pay requests for compliance with contracts, accuracy of billing and presence of any unallowable costs.
Work with internal project managers and external contractors and consultants to resolve issues in which unallowable costs have been billed.
Review cost support provided with proposed contract change orders for completeness, accuracy, and compliance with contractual terms.
Maintain well-organized project cost and other contract compliance documentation.
Assist in monitoring the cost forecast of assigned projects versus the approved project budget and identifying risks of potential overruns as early as possible for corrective action. Create and distribute reports to project managers and work with them to ensure timely action is taken.
Perform general ledger account reconciliations for contractor retention accounts, work-in-process and other accounts as assigned.