Interested and qualified candidates, please submit your resume:

Sierra Olney | Sierra@kelleraugusta.com | 617.247.0505

Lindsey Stokes | Lindsey@kelleraugusta.com | 617.247.0505

Category:Accounting/Finance 

Development Accountant

Boston, MA

JOB DESCRIPTION

 

The Development Accountant, under the supervision of the Senior Development Accountant and Development Controller, will perform various duties to support the monthly, quarterly, and annual close processes, along with providing tax accountants and auditors with information for projects assigned to them.

Essential Functions:

Daily/Weekly

  • Project level cash analysis
  • Review expenditures in Nexus (AP system) and MRI (GL system)
  • Respond to internal and external inquiries

Monthly

  • Record accounting transactions in accordance with GAAP
  • Prepare calculations of development and cost-plus fees
  • Record month-end journal entries and facilitate the closing process
  • Responsible for balance sheet reconciliation (cash, AP, AR, etc)
  • Responsible for maintaining the general ledger and updating supporting schedules and workbooks
  • Assist in producing monthly flash reports for distribution to investors
  • Assist in month-end close for operating properties

 

Quarterly

  • Participate in and help with quarter-end close process
  • Assist with preparation of quarterly financial statements and investor reporting
  • Assist with maintenance of partner capital accounts
  • Assist with ad hoc reports to investors

Annually

  • Assist with preparation of financial/workpaper support for auditors
  • Assist with financial statement preparation & footnote disclosure for standalone audits
  • Prepare financial packages for tax accounts and review partnership tax returns
  • Respond to tax & audit inquiries

Job Skills

  • Collaborate with Chief Financial Officer, Senior Managing Director-Head of Analytics and Strategic Planning, Managing Director- Finance and Investor Reporting, and Property Controller, Development Controller on ad hoc projects
  • Assist in accounting analysis on acquisitions and dispositions
  • Posses ability to understand and interpret specific legal agreements (LP Agreements, LLC agreements, Loan Agreements)
  • Maintain confidentiality of all Company procedures
  • Follow all Company policies and procedures
  • Comply with all Company training requirements
  • Maintain safe working environment
  • Regular attendance at the job
  • May provide administrative support: schedule meetings, general correspondence, answer telephone, set up and maintain files

COMPANY OVERVIEW

Our client is a vertically integrated real estate company providing investment, property, construction, and development management and leasing services. 

QUALIFICATIONS

  • Bachelor’s Degree in Accounting and a minimum of 3-5 years accounting work experience. Real estate, private equity, construction and development (strongly preferred)
  • System knowledge: MRI, Nexus, Excel (Vlookups, Pivot Tables)
  • CPA or CPA candidate preferred
  • Working knowledge of partnership/fund accounting concepts
  • Strong interpersonal skills and ability to create positive work environment
  • Well organized, and strong follow through
  • Must be a self-starter who is highly motivated, deadline and detail-oriented and understands a sense of urgency
  • Enjoys the challenges of supporting a small department
  • Prioritize and manage multiple projects simultaneously, and follow through on issues in a timely manner
  • Excellent verbal and written communication
  • Ability to calculate figures and amounts such as discounts, interest, commissions, proportions, percentages, area, circumference, and volume in all units of measure