Bergenfield, New Jersey
US$75000.00 - US$85000.00 per annum
Cobalt is currently recruiting a Senior Construction Accountant. This opportunity is with a fully integrated real estate firm focusing on residential and affordable housing development. You will be responsible for the day-to-day accounting and analysis of the properties in the tax credit portfolio and year-end collaboration with auditors/accountants.
Primary Position Responsibilities
·Collect contracts, supporting documents, and AIA invoices throughout the month for submission of draw package requests for rehabilitation/construction projects.
·Analyze invoices categorize approved Sources and Use budgets for each rehabilitation project.
·Monitor job progress and any potential overruns against the construction budget.
·Communicate with investors, analysts, and managers on incoming/outgoing requisition payment statuses.
·Monitor subcontractor contracts and commitments.
·Accumulated required support for equity installment benchmarks.
·Assist auditors with cost certification audit preparation after the rehabilitation period.
·Perform day-to-day accounting functions such as month-end close, variance analysis, and financial reporting.
·Prepare bank reconciliations and accrual entries.
·Strategize and coordinate the dissemination of annual audit and tax work papers for external auditors/accountants.
Skills and Qualifications
·Bachelor's degree in accounting
·Experience with Yardi is preferred.
·Minimum of 3 years of accounting experience with emphasis in the real estate industry
·Medical, dental, vision
·Paid time off
The fair market assumption for this role is between $70,000- $85,000 annually.
The above salary range represents Cobalt's good faith and reasonable estimate of the possible base compensation range when posting. In addition, it is one part of the total rewards package this client provides for employees.