Project Accountant

Waltham, Massachusetts, United States
USD 38.46 per hour
16 Sep 2020
21 Sep 2020
Job role
Experience level
Qualified accountant
Roessel Joy has partnered with a Real Estate company in Waltham, MA looking to bring on a Project Accountant. This person must have Low Income Housing Tax Credit (LIHTC) Experience. This is a full time, direct hire opportunity. Ideal opportunity for a Project Accountant to join an established firm with strong work-life balance.

The main responsibilities of the Project Accountant are:

  • Completes intermediate to advanced level accounting transactions in preparation of client financial statement packages. Creates and posts journal entries. Ensures that all expenses, receipts, owner's distributions, funding requests and other transactions for the accounting period have been accurately posted.
  • Work with lenders and public agencies to understand the requirements for draw processing.
  • Work with the Development Directors to prepare initial closing draw and settlement statement.
  • Provide monthly preliminary project cost reports to Development Directors; meet with Development Directors to finalize monthly requisition draw; prepare and process the monthly draw requisition.
  • Generates and reviews financial packages for accuracy and comprehensive reporting. Prepares packages on a schedule to ensure timely delivery to the client and other management teams.
  • Reviews and audits funding and payment requests for accuracy, documentation and authorization in accordance with established operating procedures.
  • Participates in budgeting and forecasting for assigned property portfolio, new property and client transitions, and client audit requests.
  • Assists in training team members on portfolio specific transitions.
  • Monitors scope of services delivered and provides feedback to manager regarding any changes in scope.
  • Performs other duties as assigned.

The main qualifications of the Project Accountant are:

  • Bachelors degree in accounting, finance or related field
  • Real Estate industry experience
  • 2+ Years Low Income Housing Tax Credit (LIHTC) Experience, must have
  • Cost/Project Accounting Experience
  • Yardi highly preferred

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