Construction & Property Accountant at PRC Management Company

Red Bank, New Jersey, United States -

Full Time

Start Date

Immediate

Expiry Date

08 Jun, 26

Salary

85000.0

Posted On

10 Mar, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Construction Accounting, Property Accounting, Financial Reporting, Cost Tracking, Budget Management, Loan Draw Management, GAAP Compliance, Job Cost Accounting, Variance Analysis, Financial Analysis, General Ledger Maintenance, Account Reconciliation, Cash Flow Management, Accounts Payable, Yardi, Analytical Skills

Industry

Real Estate

Description

Description The Construction & Property Accountant is responsible for the financial management of assigned construction projects and property portfolios. This role ensures accurate cost tracking, financial reporting, and compliance with accounting standards while providing financial insights to support operational and executive decision-making. The position works closely with project managers, property managers, and senior leadership to monitor project budgets, manage construction loan draws, and maintain accurate property-level financial reporting. The ideal candidate possesses strong construction and real estate accounting experience, excellent analytical skills, and the ability to manage multiple priorities in a fast-paced environment. This role includes accountability for construction accounting, property-level financial reporting, and construction loan draw management. Key Responsibilities Construction Accounting Manage and monitor budgets for multiple construction and capital improvement projects. Maintain job cost structures and track project expenses within the accounting system. Prepare and analyze job cost reports, budget-to-actual comparisons, cost-to-complete projections, and variance analyses. Partner with project managers to review budgets, forecasts, and project financial performance. Review construction contracts, change orders, and pay applications for accuracy and proper accounting treatment. Maintain the general ledger and reconcile all project-related accounts. Facilitate construction loan draws and coordinate required documentation with lenders. Ensure compliance with GAAP, lender requirements, and internal accounting policies. Assist with internal and external audits and maintain supporting documentation. Recommend and implement improvements to construction accounting processes and workflows. Property Accounting Perform full-cycle accounting for assigned properties within the portfolio. Record and review property-level financial transactions in accordance with company policies. Maintain general ledger integrity, including account reconciliations and supporting schedules. Prepare monthly financial statements and variance analyses for assigned properties. Assist with annual budgets, reforecasting, and year-end financial reporting packages. Coordinate tenant chargebacks and ensure accurate financial allocations. Accounts Payable & Utility Review Review utility invoices for accuracy, proper account coding, and allocations. Enter and process utility ACH payments within Yardi. Maintain accurate documentation and payment records. Construction Cash Flow Management Monitor and forecast construction project cash flow requirements. Assist with lender reporting and draw package preparation. Ensure adequate liquidity for project commitments and vendor payments. Benefits: Medical, Dental, Vision; Life Insurance, Long Term Disability, 401k, Paid Time Off, Holiday Pay Salary Range: $70k - $85k annually Requirements Bachelor’s degree in Accounting, Finance, or related field (Associate degree considered with strong relevant experience). 3–5 years of accounting experience within construction, real estate, or property management industries. Strong understanding of GAAP and construction accounting principles. Experience with job cost accounting, construction budgeting, and loan draw processes. Experience with property management or construction accounting systems (e.g., Yardi, Bricks, or similar platforms). Excellent analytical, organizational, and problem-solving skills. Strong attention to detail and accuracy. Effective communication and interpersonal skills. Ability to manage multiple priorities and meet deadlines in a fast-paced environment.

Responsibilities

This role manages the financial aspects of assigned construction projects and property portfolios, ensuring accurate cost tracking, financial reporting, and compliance with accounting standards. Key duties include monitoring project budgets, managing construction loan draws, and preparing property-level financial statements.