Project Accountant

Job Description The Staff Accountant will be responsible for working closely with the project development team to ensure a thorough financial oversight of key development projects. The position will require an in depth understanding of the budget, contracts, change orders, billing process, general conditions, supporting documentation requirements, and all other aspects surrounding the financial controls, development and construction process. The position will be responsible for assisting in oversight of multiple projects. The position will work primarily with the Simon Development and Construction departments to complete its duties, but reporting oversight of the position will be through the Development Accounting department. Job Location Corporate Indianapolis Responsibilities Detailed understanding of the project budget to ensure proper cost coding and reporting. Review all vendor, consultant, contractor agreements and associated change orders; ensure proper coding to job cost. Review all invoices from vendors, contractors, and consultants to ensure amounts are billed in accordance with the related contracts and supported by the required documentation, such as conditional and unconditional lien waivers from the general contractor and the subcontractors. Detailed review of the GC’s monthly billing, including the review of general conditions and general requirements to ensure proper labor rates, insurance, fees, etc. Work with the Financial Reporting department to ensure proper monthly project reporting. Review and report on potential cost exposures and uses of contingency as they are identified. Calculate or confirm cost allocations between project scopes, as needed. Assist Financial Reporting with the preparation of any cost re-allocations that may be needed throughout the project term. Provide assistance, when needed, to internal and external audit in relation to pre-construction audits, interim audits, and post-audits. Any other tasks required to assist in the financial oversight of the project. Minimum Requirements Bachelor’s degree in accounting Previous construction audit experience preferred Previous experiences in managing finances on construction projects preferred Understanding of general contractor billing process preferred Ability to travel to project sites as needed #J-18808-Ljbffr Simon Property Group