Staff Accountant – Development and Construction – Red Bank, NJ
$65,000 - $80,000 base salary | Full-time | Office-based in Red Bank, NJ
Denholtz is looking for a detail-oriented property accountant to support our growing development platform. Reporting to our Controller, you’ll handle the accounting for our development and construction projects, from invoice review and construction loan draws to budget tracking, capitalized costs, and monthly cash flow reporting, mainly in Yardi. You’ll work closely with our development team, our property accounting team, and our outsourced accounting firm, and you’ll help shape how development accounting gets done as the platform grows.
What you’ll do
- Review and code development and construction invoices against contracts, budgets, and approvals, and follow up with our outsourced accounting firm so they are entered in Yardi on time
- Prepare monthly construction loan draw requests, including invoices, lien waivers, and updated budgets, and track each draw through funding
- Track project costs against budget by cost code, including contracts, change orders, and retainage, and flag variances to the development team
- Record capitalized development costs, including construction-period interest, and reconcile construction-in-progress balances
- Prepare monthly cash flow projections and cash need reports for each development project, and reconcile them to Yardi and bank activity
- Manage cash movement between project reserve and operating accounts, and prepare wire forms for Controller’s approval
- Coordinate regularly with the internal team to track cash activity and invoices and keep records accurate and up to date
- Track equity contributions and loan balances by project, and support lender and investor reporting
- Reconcile development bank and balance sheet accounts as part of the monthly close
- Support project closeouts and the handoff from construction to operations, including setting up completed properties for ongoing property accounting
- Support the annual audit by preparing schedules, reconciliations and supporting documentation
- Prepare tax schedules and supporting workpapers for the outside tax advisors
- Review draft and final K-1s for accuracy and coordinate their timely distribution to partners and investors
- Respond to auditors and tax advisor requests in a timely manner and coordinate follow-up with internal teams
- Maintain/update written procedures and SharePoint files current, recommend process improvements to increase efficiency and accuracy, and take on special projects as they come up
What we’re looking for
- 2-4 years of accounting experience, including construction or development accounting
- Solid knowledge of GAAP, journal entries, accruals, cost capitalization, and reconciliations
- Hands-on experience with construction draws, job cost tracking, lien waivers, and retainage
- Experience working with an outsourced accounting team, including reviewing their work and holding them to deadlines
- Strong Excel skills, including pivot tables, SUMIFS, and lookups
- Proficiency in Yardi Voyager, ideally including Job Cost or Construction Manager, or similar accounting software
- Strong attention to detail and the ability to juggle several projects and monthly deadlines at once
- Bachelor’s degree in accounting or finance
- Experience with Treasury Management, SharePoint, and a CPA license or progress toward one, are a plus
What you get
Final compensation will be based on experience and qualifications, and offers above the posted range may be considered for exceptional candidates.
- Medical, dental, and vision insurance
- 401(k) with employer match
- Paid vacation, sick days, and holidays
- Professional development support
About Denholtz
Denholtz is a family-founded real estate company that has been developing, owning, and managing properties for more than 70 years. Our portfolio of roughly 2 million square feet spans multifamily, industrial, office, and retail properties in New Jersey, North Carolina and Florida. We build and care for our properties for the long haul, and we’re growing our development platform for the next chapter.
Denholtz is an equal opportunity employer. We consider all qualified applicants without regard to race, color, religion, sex, sexual orientation, gender identity or expression, national origin, age, disability, veteran status, or any other characteristic protected by law.
