This role can be based in NYC or Los Angeles and will report to the Accounting Manager. The Senior Accountant, Real Estate Construction will support the Accounting team for maintaining the books and records of the Penske Media Real Estate (PMR) island development project. PMR has acquired an island in the Southern Exumas and has initiated the development of a new community, including plans anticipated for residential lots, a marina, golf course, airport, and other amenities. You will assist with financial reporting, technical accounting, account reconciliations, journal entries, variance reporting, and other ad hoc requests for this new business. The ideal candidate must possess a goal-oriented approach and a dynamic personality as this position interacts with teams across the organization.​

Typical tasks may include (but are not limited to):

• Assist in the setup and configuration of relevant project categories to track budget vs actual costs.
• Review general contractor statements and invoices to ensure proper coding.
• Participate in the design, testing, and implementation of the project accounting module.
• Prepare monthly journal entries and account reconciliations, including the capitalization of eligible costs, and recognition of lot sales.
• Analyze monthly P&L variances and provide meaningful reporting to management on an ongoing basis.
• Prepare audit documentation and key US GAAP disclosures as requested.
• Assist with accounting research and other ad hoc project transactions.
• Proactively identify and implement process improvements.
• Establish and document policies, procedures, and best practices across the department. 
• Perform special projects and any other duties and responsibilities as may be assigned.

Required Qualifications:

• A minimum of 3-5 years relevant accounting and/or audit experience in real estate construction businesses
• Bachelor’s degree in Accounting, Finance, or related field
• CPA and/or Public Accounting experience is a plus
• Fundamental knowledge of US GAAP particularly real estate construction, sale of land or property and leasing
• Previous experience with ERP systems (NetSuite) is a plus
• Intermediate to advanced Microsoft Excel skills
• Excellent verbal and written communication skills
• Ability to adhere and meet internal and external deadlines

Typical wage range: $80k - $90k annual discretionary bonus

Factors that could be used to determine your actual salary may include your specific skills, years of experience and comparison to current employees already in this role. The typical candidate is hired below midpoint of the range. The total compensation package for this position will also include other elements, a full range of medical, financial, and/or other benefits including 401(k) eligibility and paid time off benefits. PMC is committed to the health and wellness of our employees. As part of our company-wide rollout of PMC’s paid healthcare plan, for this role the company pays 100% of the monthly health, dental and vision plan premiums for the employee and their family. 

Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

If you have more or less experience than specified on this job posting, please apply and list your salary expectations.

If hired, employee will be in an “at-will position” and the Company reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time, including for reasons related to individual performance, Company or individual department/team performance, and market factors).

It’s all About You…

At PMC, your wellness is top of mind. We offer a comprehensive benefits package to nurture you and your loved ones, including pets! Our package includes Healthcare (medical, dental, and vision) HSA with an employer contribution, FSA (Healthcare, Dependent Care & Commuter), EAP, Life Insurance, 401K with an employer match, Paid Parental Leave, Long-term Disability, generous Paid Time off (PTO), Pet Insurance, and Home & Auto insurance. Our Wellness initiatives rotate yoga, meditation, wellness weeks on a variety of topics, and financial wellness. We continuously elevate our offerings with more, for you.

About Penske Media Corporation: 

Penske Media Corporation (PMC) is a leading global media and information services company whose award-winning content attracts a passionate monthly audience of over 300 million globally. Since 2004, PMC has been a pioneer in digital media, reaching viewers on all screens across its ever-growing constellation of iconic brands. PMC is committed to fostering a working environment that is inclusive, diverse, and responsible. We value a work culture built on all backgrounds, voices, and experiences. Our greatest wins have stemmed from collaboration, teamwork, and information sharing across our company and brands. PMC’s journalists and content creators deliver daily the most comprehensive news and information, unequaled in ambition, depth, and courage. In addition, PMC owns several vital cultural events such as SXSW, LA3C, Life is Beautiful, Latin Music Week and ATX Television Festival. Headquartered in New York and Los Angeles with additional offices in 14 countries worldwide, PMC believes companies should not only be profitable but also forces for good. For more information on the company, please visit www.PMC.com