The Role
Manage financials for multiple construction projects: prepare and review loan draws and bank requisitions, oversee budgets and buyouts, administer contracts, produce monthly/quarterly financial statements and investor reports, handle payables, reconciliations, and construction loan disbursements, and coordinate with project and field teams to ensure timely project financial management.
Summary Generated by Built In
In this position, you will report directly to the Senior Accounting Manager and company Executives, work closely with the entire development team, including project managers and the field construction team to manage, process, review, and track financials for multiple projects.
Responsibilities
Preparation and review of monthly bank requisitions and coordination with internal construction team and lenders
Process funding requests and draws requests for projects with construction loans
Ensure complete and timely loan draws are prepared, and vendors are paid in a timely manner
Provide construction team oversight to approve buyout of trade contracts, maintain and balance budgets and ensure timely project completion and adherence to schedules
Review and finalize subcontractor and consultant contracts, assist with contract administration
Prepare monthly audits of project tracking costs against investment approved budgets
Perform investor relations functions including monthly project construction updates, financial updates, review of project financial statements and tax returns, fund management
Prepare and distribute monthly and quarterly financial reports, including income statements, balance sheets, and cash flow statements, internally and to external partners, including investors and lenders
Responsible for vendor payables, mortgage payments, property & reimbursable expenses, various fees, construction loan reconciliations, project disbursements, etc.
Carry out any other duties that may be deemed appropriate to this role
Requirements
Qualifications
Must have at least three (3) years of experience as a staff accountant
Bachelor’s degree in accounting is required
Prior experience working in public accounting is not required but a plus
Prior experience working in accounting for a Real Estate Developer is required
Familiarity with AIA Documents G702/G703
In-depth working knowledge of QuickBooks, Microsoft Office, Microsoft Project
Thorough knowledge of accounting principles and procedures
Experience with creating financial statements and overseeing budgets
Experience with general ledger functions and the month-end/year-end close process, managing closings
Excellent accounting software user and administration skills
Strong verbal and written communication skills
Ability to prioritize and operate proactively
Skills Required
- Minimum three (3) years experience as a staff accountant
- Bachelor's degree in Accounting
- Prior experience working in accounting for a Real Estate Developer
- Familiarity with AIA Documents G702/G703
- In-depth working knowledge of QuickBooks, Microsoft Office, Microsoft Project
- Thorough knowledge of accounting principles and procedures
- Experience creating financial statements and overseeing budgets
- Experience with general ledger functions and month-end/year-end close process
- Excellent accounting software user and administration skills
- Strong verbal and written communication skills
- Ability to prioritize and operate proactively
- Prior experience in public accounting
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The Company
What We Do
Pivotal Solutions is a national staffing and consulting firm founded in 2002 that specializes in matching job seekers and companies for roles in IT & Technology and Accounting & Finance. They offer a variety of staffing solutions, including Direct Hire and Contract-to-Hire placements, serving a diverse client base that ranges from innovative startups to Fortune 500 companies across the United States.
