About This Role
The Cost Accountant supports project accounting, cost tracking, budgeting, and financial reporting for a real estate development organization. This role offers a blend of traditional accounting responsibilities, project cost analysis, and collaboration with various teams, providing exposure to senior leadership and involvement in active development projects.
Responsibilities
- Track and manage costs associated with development projects, including pre-development expenses, construction costs, and ongoing project expenditures
- Partner with project managers to establish, maintain, and monitor project budgets, including budget changes and cost allocations
- Review invoices for accurate coding and allocation to the appropriate projects and accounts
- Prepare monthly reconciliations of project activity, general ledger accounts, and bank statements
- Prepare monthly construction draw packages, including project budgets, supporting invoices, lien waivers, and other required documentation
- Monitor project expenditures, outstanding invoices, and funding activity
- Prepare financial reports and supporting schedules for internal leadership, lenders, and equity partners
- Assist with development and construction management fee calculations and related accounting
- Maintain capital expenditure tracking, amortization schedules, and project-related financial records
- Collaborate with accounting and project management teams to improve cost tracking, reporting, and overall efficiency
- Participate in accounting system enhancements and implementation projects to support continued growth
Requirements
- Bachelor's degree in Accounting, Finance, Business, or a related field
- 3+ years of project accounting, cost accounting, or related experience preferred
- Understanding of job costing, project budgets, and general accounting principles
- Experience with general ledger accounting, account reconciliations, accounts payable, and financial reporting
- Strong Excel skills and comfort working with accounting systems
- Ability to analyze project costs, investigate discrepancies, and maintain accurate financial records
- Strong communication skills and ability to work collaboratively with accounting and operational teams
Nice to have:
- Real estate development, construction, or property accounting experience
About the Company
Our client is a well-established and highly respected real estate development organization with a strong presence in the market and a continued focus on growth, expanding its portfolio of development projects.
