Senior Development Accountant

COPT Defense Properties•Columbia, MD

13d

About The Position

Works alongside of Senior Development Portfolio Controller or Development Manager to serve as key point of contact for one or more team processes to include Fixed Assets, Tenant Improvement, Capital Expenditure, Third Party and/or Development accounting serving as trusted resource for all accounting related issues. Rely on knowledge of GAAP as well as the business, processes and systems to review each deal to ascertain the true essence underlying the financial transaction. Requires ability to analyze transactions, independently seek out relevant information and apply what has been learned to arrive at GAAP accounting conclusion supported by key set of facts.

Requirements

Knowledge of GAAP
Knowledge of business, processes and systems
Ability to analyze transactions
Ability to independently seek out relevant information
Ability to apply learned information to arrive at GAAP accounting conclusion supported by key set of facts
Ability to continuously apply knowledge of what is relevant and adjust reporting metrics regularly to meet the needs

Responsibilities

Monitors leasing activity to identify and process required fixed asset transactions and adjustments.
Reviews and analyzes each deal to determine GAAP accounting with the understanding that the accounting may not mirror the economic deal structure.
Tracks budgets and estimates for development projects in the job cost system.
Monitors and reviews PAY invoices and vendor Contracts/Change orders to ensure timely vendor payment and recording as well as proper coding.
Prepares quarterly project financial project updates as assigned.
Reviews and analyzes costs to ensure proper accounting.
Collaborates with project management, teams to obtain estimates.
Monitors payments against approved spend and investigates and resolves variances.
Assists with delivering accurate, timely and relevant reporting fixed assets and assigned development projects to various stakeholders highlighting information needed to make business decisions.
Prepares and processes monthly capitalized interest calculations for active development projects.
Monitors list of active projects based upon understanding of project status.
Reviews underlying calculations ensuring they are prepared timely and accurately in accordance with GAAP and accounting policies.
Coordinates and facilitates quarterly development accrual process.
Performs other job-related duties as assigned.