Job Description
Project Accountant, Needham, MA
Part time to start
Responsibilities:
The individual will lead project level accounting, reporting, budgeting, compliance and financial planning initiatives across Waterstone Properties Group’s (“WPG”) retail, mixed-use and medical real estate portfolio. A strategic partner to assist the development of policies and procedures to move projects forward. Initially, there will be a focus on WPG’s flagship mixed-use $600 million, 110-acre development project in Portland, ME (
Rock Row | New Mixed-use Development | Portland, Maine).
Responsibilities:
· Responsible for full oversight of projects including project creation, project budgets and financials, contract maintenance, verifying project costs, and the project billing process.
· Analyzes, understands, and presents budget to actual results to Management, highlighting material price and quantity cost variances, revenue variances, job level working capital shortfalls or other areas of concern.
· Liaison with all departments that work on the project; Development, Construction, Leasing, Treasury, and Marketing to better understand requirements of project, scope and schedule
· Manage construction loan requisition process ensuring timely submission of expenses and periodic lender reporting requirements
· Support year-end close and the preparation of audit documentation, schedules, and compliance reports.
· Support and manage project specific investor inquiries, documentation, and onboarding of new investors
· Track financial performance and metrics across all the above and provide Owners with observations and insights.
· Contribute to business process improvement initiatives to streamline operations, reduce costs and ensure compliance with all regulatory requirements
· Encourage a culture of collaboration, partnership, integrity, ethics and transparency. Earn the respect of colleagues by serving as a role model and champion for superior financial performance and operational excellence
Qualifications:
· Bachelor’s degree in accounting or finance with 5-7 years of experience
· Proficient knowledge of real estate project accounting principles, practices, and methods and their application to project work-related issues.
· Ability to work in an entrepreneurial environment, prioritize work, multi-task, meet deadlines and collaborate effectively with internal and outside consultants, vendors, and investors. Including ground up developments, future acquisitions and stabilized assets.
· Ability to interpret and present financial information to non-financial managers for decisions and actions.
· A positive attitude and ability to absorb and learn quickly
· Excellent written and verbal communication skills, confident and effective in explaining concepts and situations to stakeholders at all levels including Principals.
· Ability to maintain a high degree of confidentiality, professionalism, poise, tact, and diplomacy to accomplish work objectives.
· Builds strong and successful relationships, effectively supporting and influencing colleagues, managers, and members of the Senior Leadership Team.
· Problem solving, attention to detail, the ability to identify root cause, realize, and implement solutions.
· Proficient in project accounting software and/or YARDI
· Advanced excel skills, ability to use and present with Power Point
