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Development Accountant
Title: Development Accountant
Company: Seagis Property Group LP
Location: Conshohocken, PA or Miramar, FL
Employment: Full Time
Company Overview:
Seagis Property Group was formed in 2005 as an industrial real estate operating platform within select warehouse markets on the East Coast. The company is a leading owner of warehouse/distribution buildings in Northern/Central New Jersey, New York City, and Miami/Fort Lauderdale. Our investment strategy is focused on the acquisition of strategically located industrial buildings that will have an enduring niche within their markets for years to come. We also acquire land for development which provides the opportunity to add newly constructed buildings to our portfolio. Today, Seagis owns and operates 187 buildings totaling nearly 12 million square feet and servicing approximately 750 tenants. We are headquartered in suburban Philadelphia (Conshohocken PA) and have four regional offices in Lyndhurst NJ, Brooklyn NY, JFK Airport, and Miramar FL (Miami). The company currently totals 36 team members.
Position Overview
The Development Accountant is responsible for all the accounting for development projects owned and managed by Seagis, including but not limited to, reviewing general contractor invoices and reconciling costs to the budget, entering costs and tracking changes in the Job Cost module of Yardi, submitting loan draw requests to lender, month and year end close process, variance reporting and financial statement preparation, and building strong relationships with our accounting and Development management teams.
Position Responsibilities
- Entry of project invoices for vendors and subcontractors for payment and for tracking in Job Cost.
- Manage project budgets and identify significant variances.
- Track change orders or job budget modifications.
- Prepare and submit draw requests to lender monthly.
- Prepare bank reconciliations and post journal entries monthly to account for all necessary transactions for each property.
- Monitor cash accounts for all activity and ensure monthly debt payment is paid and recorded timely.
- Generate monthly financial statements for each project.
- Assist in project closeout when completed and transfer costs to Fixed Assets.
- Transition completed building into service, prepare new budget, and work closely with Property Management team for operating expenses and leasing.
- Generate and submit lender reporting packages quarterly and at year end.
- Assist controllers in preparing schedules needed for year end financial audit.
QUALIFICATIONS
- Associates or Bachelor’s degree required.
- Development Accounting experience strongly desired.
- Proficient in Excel and other Microsoft applications required.
- Experience with Yardi preferred.
- Must have strong property accounting knowledge and be able to work in a fast-paced environment.
- Detail-oriented and results-oriented with a desire to constantly learn.
- Strong analytical and organizational skills with the ability to set priorities, manage multiple projects, and
meet deadlines.
- Must have excellent communication skills, both verbal and written, and the ability to effectively
interface with all departments of the company in a highly professional manner.
- Ability to work independently, as well as part of a team.
- Competitive salary and best in class health benefits.
- Unique opportunity to join a fast growing company in an exciting industry.
Job Type: Full-time
Pay: $65,000.00 – $80,000.00 per year
Benefits:
- 401(k)
- 401(k) matching
- Dental insurance
- Disability insurance
- Flexible spending account
- Health insurance
- Life insurance
- Paid time off
- Professional development assistance
- Vision insurance
Schedule:
- Monday to Friday
Supplemental Pay:
- Bonus pay
COVID-19 considerations:
All unvaccinated employees are asked to work remotely until further notice. Vaccinated employees are currently working part time in their office and part time at home. Our policy will change in relation to the ever changing guidelines in each state.
Education:
- Bachelor’s (Required)
Experience:
- Real Estate: 1 year (Preferred)
License/Certification:
- CPA (Preferred)
Work Location:
- Multiple locations
Work Remotely:
- Temporarily due to COVID-19
Work Location: Multiple Locations
