Development AccountantTWG | Development, Construction, & Management • Indianapolis, IN, US
Development Accountant
TWG | Development, Construction, & Management • Indianapolis, IN, US
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job_description.job_card.job_descriptionMaintain necessary records of Development Draw packages for assigned projects Track the progress of Development draws and follow up with necessary personnel for timely completion Track developer fee income at property level for dollar and timing adjustments and incorporating into TWG Development cash flow projection Attend scheduled staff meetings Other duties as assigned from time to time by the VP of Accounting Correspond with investors, lenders and management personnel in a timely and pleasant manner Communicate with team members upon funding of draws Contribute to an overall positive work environment Bachelor’s degree in Accounting, required Certified Public Accounting (CPA) credential, highly preferred; 2 years experience in public accounting, required Past accounting work of real estate developments, during both the construction and operating phases, required Experience with Low Income Housing Tax Credit (LIHTC) development and operation is preferred Experience with owner equity and 3rd party loan draw processing within the real estate development arena is preferred Experience with Onesite accounting software is preferred Ability to apply real estate projection / forecasting models to accounting concepts is preferred Ability to analyze cash flow results and projections at the property level is preferred Excellent written and verbal communication skills Ability to solve practical problems and employ rational decision-making skills Highly diligent in self-review of work Proficient with Microsoft Office, particularly Excel Able to maintain workload and meet deadlines with minimal supervision
Job Description
Job Description
Description : Accounting
- Assemble necessary items for equity installments and soft debt funding
- Review closing proformas to gauge project performance
- Estimate equity adjusters periodically based on project performance during the construction period, post-completion and prior to stabilization
- Update cash flow projections and flow of funds of project sources against total future uses
- Prepare monthly draw packages for submittal to lenders including : Reconciliation of project receivables; Review of key dates during the construction phase to ensure timely addition of invoices; Communicating with the Accounts Payable department to resolve discrepancies; Correspondence with Senior Accountant for necessary entries into Viewpoint or Onesite; Compiling invoice support or other backup documentation to provide to lenders; Preparation of lender exhibits
- Assist with lender and / or inspector questions
- Record receipt of draws into accounting software
- Track lease up projections to estimate potential equity adjusters and flow of funds post completion through stabilization
- Review project TBs to ensure reconciliations are accurate
- Assist in year-end reconciliations of TBs for tax return purposes
- Record capitalization entries
Administration
Communication
Requirements :
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Accountant • Indianapolis, IN, US