Development Accountant

The Integral Group is sourcing for candidates in the following cities:

Atlanta, GA

 

Position Summary

The Development Accountant  is responsible for working collaboratively with the Development division in preparing accurate and timely construction payment requests to lenders, housing authorities, equity providers, and other funding sources. The Development Accountant will work closely with the Construction team to ensure Construction Payment Requisitions are accurate prior to preparing the monthly owner draws. This position will also track and apply draw funding, monitor, and report on budget variances, and prepare monthly financial reports. The Development Accountant is responsible for reconciling monthly draws to financials before publication to internal and external parties.

The Development Accountant is a critical part of the team and as such the ideal candidate is self-motivated, detail-oriented, demonstrates strong initiative, possesses an ability to effectively communicate with a wide variety of stakeholders, and has proven capabilities in multi-tasking, problem-solving and prioritizing workloads.

Core Duties and Responsibilities

The position must facilitate positive relationships with other Integral departments and outside agencies, to ensure successful project coordination. To perform this job successfully, an individual must be able to perform each duty satisfactorily.

 

Essential Job Functions

Essential functions for this position relate to the responsibility of preparing funding requests and financial packages for assigned projects, which include but are not limited to:

·         Funding request draws including financial closings, monthly construction draws, predevelopment loan draws, consulting billing invoices and equity installment requests for complex, multi-sourced real estate development project submissions to lenders, equity sources, and partners.

o    Understand the funding sources and source requirements for each project, including any restrictions on uses

o    Understand the budget, accounting cost codes, and flow of funds for each project

o    Reconcile for missing / unsubmitted invoices

o    Prepare spreadsheets and requisition forms in required formats for submittal

o    Obtain internal approvals and signatures

o    Submit draw to funding sources and respond promptly to any request

o    Reconcile funding and prepare instructions to pay vendors once funding is received 

o    Collaborate with vendors, general contractors and construction management to gather relevant documentation, including pay applications, lien waivers, and change orders and review for accuracy and completeness

 

·         Coordinate with Sr. Development Accountant to ensure timely delivery of monthly financial statements for all project owner entities during the development phase of each project and quarterly statements for entities assigned. 

o    Job code invoices

o    Review Job Cost ledger for budget variances and reclass same

o    Bank reconciliations

o    Reconciliation of Reserve accounts

o    Reconciliation of subledgers to the General Ledger (Job Cost, Accounts Receivable, Accounts Payable)

o    Deliver and explain financial packages to Development directors and Vice President

o    Assist in preparation of cost certification and 8609s

o    Provide any required documentation for tax and audit

 

Qualifications

Bachelor’s degree in accounting or finance is preferred

Bachelor's degree or equivalent, finance, business administra