Project Accountant

Job Description

Akridge is a full-service commercial real estate company and a prominent investor and developer in the Washington, DC and North Carolina regions. We invest in, develop, and manage commercial real estate, from office buildings to mixed-use space. Since our founding in 1974, Akridge has acquired, developed, or entitled over 14 million square feet of commercial real estate and land. We believe in transforming the landscape of our nation’s capital through places that make working more productive, playing more delightful, and living in our city more harmonious. Akridge is committed to sustainable development and operating practices, and has been recognized as an Energy Star Top Performer and Energy Star Partner of the Year. Some of Akridge’s most notable projects include the 1 million square foot Gallery Place, the internationally recognized Homer Building, and the 3 million square foot Burnham Place air rights development project at Union Station. Akridge is proud to invest, build, and operate properties that provide lasting value for our investors, quality work environments for our Clients, and vibrant neighborhoods for our community. Our fully integrated platform allows us to enhance a property’s value throughout every stage of development and operations. We acquire and develop properties that generate consistent and strong, above-market returns for our investment partners. Our developments become destinations that attract high-quality Clients and make neighborhoods more desirable. Our comprehensive real estate knowledge and experience enables us to create smart investment strategies that respond to market opportunities. Our operating and development expertise gives us an unparalleled ability to execute these strategies and deliver exceptional results. Akridge invests like an operator, and operates like an investor.

Position Summary:

The Project Accountant is responsible for all accounting aspects of a select number of operating and/or development real estate projects including:

Financial statement preparation

Investor, owner and lender reporting

Variance analysis

Budgeting and forecasting

Lease administration

Management of audits and tax return preparation

Oversight of bill payment and rent collection; and

Various ledger analysis and reconciliations.

The Project Accountant works as part of a team that also includes members of the property management, asset management, construction, development and leasing divisions. A Project Accountant must possess strong communication skills to deal directly with third parties involved with his or her projects inclusive of tenants, equity and debt investors, accounting firms and lawyers. The Project Accountant supports, reports to and is evaluated by the Portfolio Controllers. Portfolio Controllers will coordinate overall quality control, productivity and workflow.

Position Responsibilities:

Responsible for his or her projects on a comprehensive basis – understanding and adhering to operating agreements, including all reporting responsibilities, as well as loans, equity structures (including capital accounts and distribution waterfalls) and any other agreements in place.

Responsible for all aspects of the accounting for assigned projects. He or she will manage the general ledger and prepare journal entries, bank reconciliations and subsidiary schedules as support of the financial records.

Responsible for a multitude of aspects of periodic (typically monthly) investor reports, including preparation of the financial statements, variance analysis and communicating with investors (through meetings or direct contact) with answers and follow up to questions and other enquiries.

Ensure sufficient cash flow to fund the operations of the property and meet all debt and other obligations in a timely manner. The Project Accountant is required to prepare and submit to owners and/or lenders funding requests or capital calls, if necessary.

With assistance from the Operations Support Accountant group, the Project Accountant will be responsible for administering the leases of his or her projects, ensuring proper accounting according to the terms of the leases, preparation of rent projections and reconciliations, preparation of rent rolls and stacking plans and tracking of tenant improvement allowances, lease commissions and any other tenant leasing costs.

In conjunction with the property management team, the Project Accountant is responsible for the preparation of project annual operating plans.

Prepare financial forecasts of project activity at various times throughout the year.

Work closely with the property management, asset management, construction, development and leasing groups on all aspects of his or her projects and will meet with outside parties, such as investors, owners and lenders, as an expert on all the financial aspects of the projects.

Work closely as the main point of contact with outside public accounting firms in preparation of audited financial statements and tax returns for his or her projects. He or she is responsible for review and accuracy of financial statements and tax returns.

Prepare all required governmental reports, such as income and expense reports, personal property tax returns, and DC arena returns.

Provide financial support for refinancing activities, sales or acquisitions of assigned projects. Additionally, he or she will manage the setup and transition of acquired projects into all aspects of our accounting systems.

Complete special projects as assigned by the Portfolio Controllers or other management members of the company.

Position Qualifications:

Bachelor's degree with an emphasis in Accounting required

CPA designation with audit experience in a public accounting firm is preferred

2 - 5 years of experience in the commercial real estate industry is preferred; prior Yardi experience is a plus.

Strong organizational and communication skills

Must be fully competent in Excel,

Must possess the ability to produce under pressure with a strong sense of detail, accuracy and cooperation.

A successful Project Accountant must have the capability to work and problem-solve independently, as well as adapt to changing priorities and responsibilities.

If you have a disability and you believe you need a reasonable accommodation in order to search for a job opening or to submit an application, please e-mail or call .

Akridge believes that diversity and inclusivity are essential to positive long-term success and achieving our strategic business goals. We encourage diverse and talented applicants to apply. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

Full-time