What are the responsibilities and job description for the Project Accountant, Construction position at rxr?
Headquartered in New York with a nationally-scaled platform, RXR is a 450 person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies.
SUMMARY:
The Project Accountant is responsible for full cycle billing and financial analysis of capital improvement and development projects in the real estate portfolio of RXR and its affiliates.
This person reports to the Senior Project Accountant. The Project Accountant is responsible for ensuring the integrity, accuracy and timeliness of accounting information being recorded and reported and serve as point of contact internally between project team and corporate headquarter; externally among vendors and clients.
Responsibilities
- Collect all subcontractor trade AIA G702/703(AIA) and vendor invoices
- Verify accuracy of final AIA from all trade subcontractors including project roll forward, mathematical accuracy, and completeness of support (lien waivers, insurance etc.)
- Review requisitions for errors or missing information based on project information
- Distribute AIA’s to Project Managers to review
- Attend meetings with Project Managers (PM) and subcontractors to review project status and reporting
- Record subcontractor AIAs and general conditions in the accounting system
- Maintain the Accumulated Cost Report (ACR)
- Compile Accounts Receivable Billing of monthly activity to properties and tenants
- Work across multiple projects and properties simultaneously
Qualifications
Top Competencies:
Functional Competencies
Invoicing Fundamentals: Proficiency in tracking open invoices not yet uploaded to the system; Ability to review invoices / AIA against commitment and change orders.
Vendor Account Reconciliation: Able to analyze, identify and explain clearly the causes for the discrepancies. Presents the analysis in a clear format for others to understand.
Construction AIA Process: Excellent understanding and execution of AIA review and QA for errors
Progress Billing: Timely submit accurate billing to clients. Meet or exceed monthly deadline requirement.
Reporting and Analysis: Expertise in identifying potential issues and inconsistencies; master in researching/investigating root causes and propose resolutions
Accounting Systems Proficiency: Proficient in daily use of Procore – 1) able to create commitments and change orders; and 2) able to conduct quality control of data. Proficient in use of Sage 300 with expertise in reporting, queries, research, recordings. Basic to intermediate proficiency in Excel. Proficiency in Timberscan.
Experience and Education
- Bachelor's degree in Accounting
- Experience in Real Estate Construction
- A minimum of 2-3 years of project accounting experience
- Good working knowledge of GAAP
- Proficient at an intermediate level with MS Excel
- Familiarity with Sage 300 (Timberline accounting software), Procore (Project Management software) and Timberscan (Accounts Payable approval software) preferred, but not required.
The salary range and/or hourly rate listed is a good faith determination of potential base compensation that may be offered to a successful applicant for this position at the time of this job advertisement and may be modified in the future. When determining a team member's base salary/rate, several factors may be considered as applicable (e.g. location, years of service, specialty, education, relevant experience).
Bonus eligible.
Pay Range
$65,000 - $75,000 USD
Salary : $65,000