Project Accountant

Job Description

About the Company

Brightshore Capital (formerly GTIS Partners), a real estate private equity and development firm, is seeking a Project Accountant to join our growing US Development team.

About the Role

The individual will be responsible for helping Brightshore with project reporting, contractor and vendor file maintenance, insurance, and timely processing of payments. This individual will interact with various functions within Brightshore as well as be externally facing with contractors, outsourced vendors, and others. The ideal candidate has project accounting experience, is highly motivated, organized, can multi-task and has exceptional interpersonal and communication skills.

Responsibilities

Project Accounting & Financial Management

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• Maintain project budgets, commitments, and related financial information in Yardi.
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• Review and code invoices to the appropriate contract, cost category, and accounting period and follow up on outstanding items.
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• Monitor actual and committed costs against budget and identify variances, potential exposures, and funding needs.
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• Understand significant project agreements, including loan, development, and joint venture agreements, and applicable accounting and reporting requirements.
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• Maintain reconciliations between the general ledger, project budgets, commitments, and supporting records.
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Lender Draws & Cash Management

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• Prepare and submit lender and other capital-source draws, including required supporting documentation.
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• Monitor lender reporting and compliance requirements and respond to inquiries related to draw submissions.
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• Reconcile funding receipts, disbursements, outstanding invoices, and related general ledger activity.
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• Manage assigned project cash accounts, including bank reconciliations, wire transfers, and other payment activity.
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Financial Reporting

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• Prepare monthly, quarterly, and annual financial reporting for assigned development projects.
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• Prepare journal entries, account reconciliations, supporting schedules, and other month-end close workpapers.
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• Analyze project financial activity and investigate discrepancies or unusual items.
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• Support the Controller with month-end close, financial analysis, audits, and lender/investor reporting.
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Project Ownership & Process Improvement

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• Develop a strong understanding of assigned projects and proactively communicate significant issues, deliverables, and deadlines.
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• Participate in project meetings and work collaboratively with Development, Fund Finance, Asset Management, Property Management, and other stakeholders.
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• Look for opportunities to standardize, automate, and improve recurring accounting and reporting processes.
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• Utilize Yardi and other available tools to improve accuracy and efficiency.
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Qualifications

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• Bachelor's degree in Accounting, Finance, or related field.
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• 2–5 years of accounting experience; real estate, development, construction, or property accounting experience preferred.
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• Knowledge of GAAP and experience with general ledger accounting, month-end close, reconciliations, and financial reporting.
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• Experience with development budgets and construction/lender draws preferred.
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• Yardi experience preferred; strong Excel skills required.
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• Strong analytical, organizational, and communication skills with attention to detail.
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Required Skills

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• Project accounting experience.
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• Ability to multi-task.
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• Exceptional interpersonal and communication skills.
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• Strong analytical skills.
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• Strong organizational skills.
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• Strong Excel skills.
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• Knowledge of GAAP.
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Preferred Skills

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• Real estate, development, construction, or property accounting experience.
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• Experience with development budgets.
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• Experience with construction/lender draws.
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• Yardi experience.
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Pay range and compensation package

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• Position Type/Expected Hours of Work
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• This is a full-time position, and business hours are generally Monday through Friday, 9AM to 6PM with some overtime.
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• The role is not a full-remote position.
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Equal Opportunity Statement

AAP/EEO Statement Brightshore Capital LP (“Brightshore”) is an Equal Opportunity Employer, and does not discriminate on the basis of race, gender, ethnicity, religion, national origin, age, disability, veteran status, or on any other basis prohibited by law.

Please note this job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee for this job. Duties, responsibilities and activities may change at any time with or without notice.