Position Summary The Project Accountant is responsible for setting up and maintaining all of the financial and accounting records and tracking all aspects of the financial progress of an assigned project.
Essential Functions/Responsibilities •Works with Project Management team in establishing schedules of values for contractors. •Reviews preliminary general contracts for all pertinent information and coordination with accounts payable. •Reviews all field documents prior to submitting to project manager for review. •Meets weekly with the project manager and superintendent to ensure all paperwork and payables are flowing and approved in a timely manner. •Oversees all payable requests and reviews for accuracy and determines it is within budget. •Ensures that receivables from subcontractors and suppliers are received in a timely manner and that they are correct and within their schedule of values. •Communicates with subcontractors and suppliers to ensure that the receipt is within the time constraints as per the subcontract. •Processes Owner change orders. •Releases retainages as per subcontract conditions. •Updates budget changes on a weekly basis to ensure construction budget is meeting the original budget. •Works wit the project manager to update the cost to complete report and submit to President of Construction for approval. •Ensures suppliers are paid by joint check or final waiver being received prior to releasing check. •Ensures that all closeout documents are in order prior to releasing final payables to subcontractors and suppliers. •Meets monthly with Administrative Assistant to make certain that subcontractor insurance and contract standards are acceptable prior to payments being distributed to the subcontractor. •Enters original budgets in Timberline once the budget is approved by the project manager and vice-president of construction. Maintains and updates this information as owner change orders are executed. •Meets with the project manager and superintendent once a month prior to submission of owner pay applications. •Participates in Company-provided training such as safety, non-discrimination, information systems and harassment prevention. •Monthly bank loan draws. •Liaison with Bank and Development team regarding loan draws and necessary documentation. •Weekly Overhead invoice processing. •Audit of invoices regarding coding and accounting. •Submission of monthly subcontractor billings to AP. •Review and execution of AIAs for construction draw. •Subcontractor lien release tracking. • Complies with all Company National Standards, applicable health and safety rules and regulations, as well as applicable local, state, and federal laws.
Education and/or Experience · Bachelor’s degree in Business, Finance, Accounting, Construction Management or equivalent experience is required. · Two to five years experience in construction industry in an accounting capacity is preferred.
Skills/Specialized Knowledge •Ability to read, write, understand, and communicate in English. •Ability to use a personal computer and have a working knowledge of Microsoft Outlook, Word, and Excel. •Ability to use Timberline accounting software. •Ability to use general office equipment, such as telephone, fax machine, printer, scanner, and copier. •Knowledge of construction procedures, building codes, construction procedures, estimating, and scheduling practices. •Excellent customer service and interpersonal skills; ability to relate to others. •Professional verbal and written communication skills. •Strong organizational and time-management skills. •Ability to perform intermediate mathematical and accounting functions. •Ability to multi-task. •Ability to make quick and effective decisions. •Ability to analyze and resolve problems. •Ability to cope with and defuse situations involving angry or difficult people. •Ability to set and meet goals. •Ability to consistently meet deadlines. •Ability to maintain flexibility and creativity in a variety of situations. •Ability to maintain confidentiality. •Ability to drive an automobile to travel to various construction sites.
Required Licenses •Current driver’s license and automobile insurance. •Other license and/or certifications as required by state law.
Other Requirements •Must maintain professional appearance. •Ability to be at work on a regular and consistent basis.
Physical Demands •Ability to sit for extended periods of time. •Moderate standing, walking and lifting. •Sustains substantially recurring movement to fingers, hands, and wrists. •Ability to identify and distinguish color. •Ability to lift and/or move up to 20 pounds.
Mental Functions •Ability to compare, copy, compute, compile, analyze, coordinate, negotiate, communicate, and instruct. •Ability to tolerate stressful situations. •Ability to work under minimal to moderate supervision.
Work Environment •Standard office working environment.
Hazards •Potential exposure to communicable diseases through frequent contact with others.
Bachelor's Degree in Business, Finance, Accounting, Construction Management or equivalent experience is required.
Two to five years experience in construction industry in an accounting capacity is preferred.
About Trammell Crow Residential
Trammell Crow Residential ("TCR"?) is America’s premier multi-family real estate firm. TCR entities develop and construct multi-family rental and condominium communities of the highest standards. TCR was formed in 1977 by combining a group of Trammell Crow Residential enterprises. TCR's headquarters is located in Dallas, Texas.
Trammell Crow (the individual) began his real estate career in 1948 by building warehouses in Dallas, Texas. His strategy at the time was to capitalize each transaction through the use of joint venture capital and Trammell shared ownership with local partners. This strategy became a hallmark of the organization which grew from Trammell’s early activities to one of the world’s premier real estate enterprises. Mr. Crow passed on family involvement in TCR and other family investments to his son, Harlan. The family remains an active investor in virtually all real estate sectors.
Since inception, TCR has developed over 200,000 multi-family units in most major markets across the country. The firm is regarded as the industry leader in development and construction of high quality multifamily assets. TCR is the only national full-service, multifamily... company which has been in business on a national level for over two decades. Kenneth Valach is the President and Chief Executive Officer for Trammell Crow Residential and joined the company in 1989. He has overseen development of over 150 multifamily rental and for-sale communities.