Job Description

Job Description

The Fixed Asset and Construction Accountant is responsible for the day-to-day accounting of commercial real estate projects in construction and the proper treatment of placing projects in service for depreciation. This position is responsible for maintaining a fixed asset sub-ledger and ensuring that costs in construction in the process are reasonable by project and are capitalized according to GAAP.

Essential Duties:

· Review all construction in process general ledger accounts for assets to capitalize and depreciate.

· Recording fixed asset additions, retirements, disposals, depreciation, and transfers

· Interact and collaborate with property accountants and property managers to identify capital projects completion for capitalization

· Maintain fixed asset sub-ledger, including depreciation schedule tie-out to the ledger.

· Reconcile fixed assets and construction-in-progress information

· Prepare monthly summary reports for management and assist in presentations for clients.

· Prepare and provide annual audit and tax work papers support for fixed assets and construction in process.

· Ad Hoc fixed asset and job cost reporting requests.

Requirements:

· Bachelor’s Degree in Accounting or Finance

· 2-3 years of accounting experience, preferably in the Commercial Real Estate industry

· Advanced Microsoft Excel and PowerPoint skills

· Detail-oriented

· Analytical

· Strong verbal and written communication skills

· Ability to work in a fast-paced environment and meet deadlines

· Understanding of variance analysis when comparing actual to budget

· Working knowledge of accrual accounting and GAAP.

· MRI experience is a plus

· Ad Hoc projects as assigned