American Real Estate Partners (AREP)
Senior Construction Project Accountant
American Real Estate Partners (AREP), Mc Lean, Virginia, us, 22107
Join to apply for the
Senior Construction Project Accountant
role at
American Real Estate Partners (AREP) 2 days ago Be among the first 25 applicants Join to apply for the
Senior Construction Project Accountant
role at
American Real Estate Partners (AREP) Headquartered in the Greater Washington area, American Real Estate Partners (AREP) is a US-based leading institutional fund manager and real estate partner with over $13 billion deployed across key U.S. markets. Specializing in data center, residential, industrial, and office assets, AREP has acquired more than 34 million square feet of Class A real estate and currently manages over 25 million square feet.
PowerHouse Data Centers, a wholly owned division of AREP, is a developer and owner of next-generation data centers and provides technical real estate solutions for hyperscalers across the country. Backed by strategic joint venture partnerships, PowerHouse leverages its proven leadership and best-in-class technical expertise to deliver innovative real estate solutions.
Job Description:
The
Senior Project Accountant
reports to the Sr. Manager of Project Accounting. This position requires a strong background in cost management with experience managing complex, fast-paced projects within the construction sector. Provide support to multiple departments within the organization related to projects assigned.
Essential Duties & Responsibilities: Perform Project Accounting for various construction project types including interior, capital building renovations and development work within the Job Cost Module of the Financial Accounting system. Manage project budgets, ensure cost control, apply costs to budget line-items, and ensure adherence to all Company policies, procedures, and internal controls. Review daily assigned projects to maintain accuracy of project budget and timeline. Ensure project costs are aligned with the forecast & schedule. Track changes, scope modifications, or unforeseen issues impacting the budget and funding sources. Review and manage contracts for compliance with project scope and legal requirements, adherence to contractual terms. Reconcile contract costs for accurate monthly billings to meet company and lender requirements. Review daily Accounts Payable batch postings for accuracy, including proper coding, pay applications, lien releases, insurance certificates, bonds, etc., before posting costs to the project and G/L. Prepare monthly draw packages per lender requirements for review and approval. Reconcile and monitor capital funding to ensure timely payment of construction invoices. Prepare weekly job cost payable packages for review and approval. Prepare, analyze, and distribute monthly job cost reports to identify mis-coded costs, over/under billing, and project accruals. Report on project financial performance, including changes or variations to original cost estimates. Identify potential risks to project cost, schedule, or quality and implement mitigation strategies. Perform monthly budget revisions and job cost adjustments, review Monthly Job Cost Reports and General Ledger accounts for accuracy. Review monthly construction/development management fee invoices for accuracy. Review project forecasts and analyze actuals vs. forecast costs to ensure accuracy of recorded costs and remaining budget against projects' equity/lender escrow budgets. Perform project close-out reviews, including accounting and construction systems, and audit project documentation for correct cost & fee analysis each quarter. Collaborate with extended project teams including Accounting, Construction, Property Management, and Asset Management. Respond to internal customer inquiries regarding assigned projects. Ensure all deadlines for monthly accounting deliverables are met for timely financial reporting. Provide support as requested. Key Competencies: Build strong customer relationships with legal, accounting, construction, leasing, acquisitions, and investors. Anticipate barriers affecting asset management. Maintain high attention to detail in research and reporting. Respond promptly to management and contractor requests. Review and improve procedures regularly. Work collaboratively with trust and transparency. Take initiative to complete tasks efficiently. Manage multiple deadlines with a detail-oriented approach. Communicate effectively in writing and orally. Proficient in Microsoft Office Suite. Experience with Data Center and Commercial Real Estate preferred. Qualifications: Education and Experience:
Bachelor's Degree in accounting or finance preferred, or equivalent experience. Minimum 5 years in project accounting, with 3+ years in construction accounting. Relevant commercial real estate or general contractor experience strongly preferred. Communication Skills:
Ability to interpret contracts, pay applications, correspondence, reports, and manuals. Strong written and oral communication skills. Computer Skills:
Proficiency in Microsoft Outlook, Word, Excel, Bluebeam, ACC Deck, MRI, Yardi, and construction systems like Procore, JD Edwards, Trimble, SAGE, etc. AREP offers a competitive benefits package including medical, dental, vision, FSA, life insurance, disability, PTO, parental leave, 401(k) with match, Employee Assistance, and Discount Programs. AREP is an equal opportunity employer. For accommodations, contact HR@Americanrepartners.com.
#J-18808-Ljbffr
Senior Construction Project Accountant
role at
American Real Estate Partners (AREP) 2 days ago Be among the first 25 applicants Join to apply for the
Senior Construction Project Accountant
role at
American Real Estate Partners (AREP) Headquartered in the Greater Washington area, American Real Estate Partners (AREP) is a US-based leading institutional fund manager and real estate partner with over $13 billion deployed across key U.S. markets. Specializing in data center, residential, industrial, and office assets, AREP has acquired more than 34 million square feet of Class A real estate and currently manages over 25 million square feet.
PowerHouse Data Centers, a wholly owned division of AREP, is a developer and owner of next-generation data centers and provides technical real estate solutions for hyperscalers across the country. Backed by strategic joint venture partnerships, PowerHouse leverages its proven leadership and best-in-class technical expertise to deliver innovative real estate solutions.
Job Description:
The
Senior Project Accountant
reports to the Sr. Manager of Project Accounting. This position requires a strong background in cost management with experience managing complex, fast-paced projects within the construction sector. Provide support to multiple departments within the organization related to projects assigned.
Essential Duties & Responsibilities: Perform Project Accounting for various construction project types including interior, capital building renovations and development work within the Job Cost Module of the Financial Accounting system. Manage project budgets, ensure cost control, apply costs to budget line-items, and ensure adherence to all Company policies, procedures, and internal controls. Review daily assigned projects to maintain accuracy of project budget and timeline. Ensure project costs are aligned with the forecast & schedule. Track changes, scope modifications, or unforeseen issues impacting the budget and funding sources. Review and manage contracts for compliance with project scope and legal requirements, adherence to contractual terms. Reconcile contract costs for accurate monthly billings to meet company and lender requirements. Review daily Accounts Payable batch postings for accuracy, including proper coding, pay applications, lien releases, insurance certificates, bonds, etc., before posting costs to the project and G/L. Prepare monthly draw packages per lender requirements for review and approval. Reconcile and monitor capital funding to ensure timely payment of construction invoices. Prepare weekly job cost payable packages for review and approval. Prepare, analyze, and distribute monthly job cost reports to identify mis-coded costs, over/under billing, and project accruals. Report on project financial performance, including changes or variations to original cost estimates. Identify potential risks to project cost, schedule, or quality and implement mitigation strategies. Perform monthly budget revisions and job cost adjustments, review Monthly Job Cost Reports and General Ledger accounts for accuracy. Review monthly construction/development management fee invoices for accuracy. Review project forecasts and analyze actuals vs. forecast costs to ensure accuracy of recorded costs and remaining budget against projects' equity/lender escrow budgets. Perform project close-out reviews, including accounting and construction systems, and audit project documentation for correct cost & fee analysis each quarter. Collaborate with extended project teams including Accounting, Construction, Property Management, and Asset Management. Respond to internal customer inquiries regarding assigned projects. Ensure all deadlines for monthly accounting deliverables are met for timely financial reporting. Provide support as requested. Key Competencies: Build strong customer relationships with legal, accounting, construction, leasing, acquisitions, and investors. Anticipate barriers affecting asset management. Maintain high attention to detail in research and reporting. Respond promptly to management and contractor requests. Review and improve procedures regularly. Work collaboratively with trust and transparency. Take initiative to complete tasks efficiently. Manage multiple deadlines with a detail-oriented approach. Communicate effectively in writing and orally. Proficient in Microsoft Office Suite. Experience with Data Center and Commercial Real Estate preferred. Qualifications: Education and Experience:
Bachelor's Degree in accounting or finance preferred, or equivalent experience. Minimum 5 years in project accounting, with 3+ years in construction accounting. Relevant commercial real estate or general contractor experience strongly preferred. Communication Skills:
Ability to interpret contracts, pay applications, correspondence, reports, and manuals. Strong written and oral communication skills. Computer Skills:
Proficiency in Microsoft Outlook, Word, Excel, Bluebeam, ACC Deck, MRI, Yardi, and construction systems like Procore, JD Edwards, Trimble, SAGE, etc. AREP offers a competitive benefits package including medical, dental, vision, FSA, life insurance, disability, PTO, parental leave, 401(k) with match, Employee Assistance, and Discount Programs. AREP is an equal opportunity employer. For accommodations, contact HR@Americanrepartners.com.
#J-18808-Ljbffr