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Senior Development Accountant


Senior Development Accountant

Senior Development Accountant

Portman
Atlanta, GA 30303

Job details

Job Type

Full-time

Founded by famed architect John Portman in the 1950s, Portman is a privately owned national real estate investment, development and management firm focused on delivering premier quality office, hospitality, residential, industrial, and mixed-use projects prioritizing occupant experience through first class execution. The position reports to the Assistant Controller. The diversified, full-service company has developed over 72 million square feet of landmark real estate assets and currently has over 27 projects in development throughout eleven markets across the country employing an unequaled pedigree of experience, industry knowledge, and commitment to excellence. Portman has established a successful global network and has a proven track record with the world’s top financial institutions. Teams in the company’s national offices seamlessly connect to develop, finance, and manage a diverse portfolio in the key strategic and emerging markets throughout the US. Portman Holdings continues to achieve success through investor, partner and client relationships that deliver exceptional real estate assets and innovative, experiential places. For more information, visit www.portmanholdings.com

POSITION

This position is responsible for timely compiling lender draw packages, tracking and reconciling partnership equity, reconciling draw rollforwards, preparing monthly project entity financial statements, and assisting the development team with budget overages and project cost analytics for a portfolio of assets in various stages of development from pre-construction to fully operational. Additional responsibilities include, but are not limited to:

  • Project cost tracking and reporting.
  • Process project payables and construction draws.
  • Prepare various financial & tax projections.
  • Coordinate with Development and Asset Management teammates to track and report projected cash needs for all projects in the development pipeline monthly.
  • Prepare journal entries to appropriately reflect all development project costs and activities from closing through transition to operations.
  • Prepare project financial statements per project reporting requirements.
  • Review project invoices for appropriate coding and approvals.
  • Prepare reports for the Development team and coordinate project related journal entries to accurately account for all project costs.
  • Manage the monthly construction draw process with teammates, lenders and the title company including the preparation of owner statements.
  • Track project budgets to identify and discuss any cost/budget issues.
  • Prepare year-end work papers for development projects to facilitate the tax return preparation.
  • Reconcile and distribute project budget and actual cost reports monthly.
  • Coordinate with the Accounting teammates to transition property accounting and A/P processing after property opening.
  • Coordinate with Development & Finance teammates in advance to reconcile project budgets against capital reserves to help identify sources of capital.
  • Coordinate with external auditors in the completion of the annual audited financial statements of project entities.

REQUIRED KNOWLEDGE, SKILLS & ABILITIES

  • Public accounting experience with real estate clients in either audit or tax.
  • Experience with partnership and limited liability company entity structures.
  • Exceptional technical skills and working knowledge of Yardi (preferred) and MS Office.
  • Exceptional analytical skills with careful attention to detail and accuracy.
  • Excellent organizational skills with the ability to plan, prioritize, and manage multiple tasks.
  • Exceptional verbal and written communication skills.
  • Strong problem-solving skills.
  • Demonstrated presence and confidence, able to interact with senior management team as well as clients.
  • Ability to work independently with minimal direction and oversight.

EDUCATION REQUIREMENTS

  • Accounting, Finance, or similar field degree preferred.
  • 3+ years of experience with an understanding of project accounting and development and construction fundamentals.


Portman is deeply committed to building a workplace and global community where inclusion is not only valued but prioritized. We’re proud to be an equal opportunity employer, seeking to create a welcoming and diverse environment. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, gender identity or expression, family status, marital status, sexual orientation, national origin, genetics, neurodiversity, disability, age, or veteran status, or any other non-merit based or legally protected grounds. Portman is committed to providing reasonable accommodations to qualified individuals with disabilities in the employment application process.


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• Post ID: 21191848


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