Real Estate Development Accountant

PA Real Estate Investment - Philadelphia, PA (30+ days ago)

PREIT is a real estate investment trust specializing in the ownership and management of differentiated retail shopping malls designed to fit the dynamic communities.

Our Vision: To create dynamic and compelling environments for the retailers, consumers and communities we serve.

Our Values: We are a people-centric organization that operates at velocity and brings innovation, collaboration and a culture of ownership to maximizing shareholder value.

The Real Estate Development Accountant will:
Maintenance of project budgets and job cost reporting
Assist development employees in in analysis and reporting of expected project spending and projected capital needs
Provide support to construction directors and managers during the construction phase of construction, including but not limited to:

Change order administration
Maintaining the necessary paper files for active construction projects (working with construction directors and project managers)

Permit and drawing files
Change order request binders
Change orders

Acquiring close-out documents, lien wavers, permits, warranties, insurance certificates, executed agreements and or all legal documents pertaining to the project from contractors. These documents are scanned for our electronic files and originals are sent to Information Management for electronic filing and intranet.
Review monthly GC project billings for conformance to lien waver requirements and process through Avid.
Plotting construction site plans and documents
Preparing and distributing delivery/turnover letters
Preparing and distributing notice of commencement letters
Preparing and distributing request for qualifications
Preparing and distributing notice of force majeure

Communicate with management concerning performance, profitability and job cost issues
Payment processing of development related costs including allocations of interest, salaries and calculation of retainage
Maintenance and reconciliation of schedules such as capitalized salaries, interest, real estate taxes, project commitments
Place in service accounting related to completed projects
Reconcile and roll forward project accounts
Implement measures to increase accounting efficiency and accuracy
Perform other corporate functions such as assisting in the company's financial presentations
Assist in monthly and quarterly financial close processes
Assist in financial reporting relating to construction related activities
Interaction and support of independent external auditors
Ability to work under pressure in a fast paced environment

Qualified Applicants will have:
BS/BA Business Administration – preferable accounting or finance
CPA or MBA a Plus
Experience with JD Edwards a Plus
Proficient with Excel and Microsoft Office Applications
3-5+ years with similar responsibilities
Excellent written and oral communication skills
Strong problem solving skills
Ability to communicate effectively and accurately, both orally and in writing, with management and Company personnel.

Medical Insurance

Dental & Vision Insurance

Life Insurance / Accidental Death and Dismemberment

Short Term & Long Term Disability


401(k) - Company match after 6 months