Development Draw Analyst: TWG Central Office

3 weeks ago

Indianapolis, United States TWG | Development, Construction, & Management Full time
Job DescriptionJob DescriptionDescription:

Job Title: Development Draw Analyst

Reports To: Controller

Office Location: Indianapolis, IN

Who is TWG?

Founded in 2007 and headquartered in Indianapolis, IN TWG is a fully integrated real estate development company specializing in commercial, market rate, affordable and senior housing developments across the country. TWG is made up of three divisions: Development, Construction, and Property Management. We manage more than 10,000 units in 18 states. TWG is built around one core philosophy: Together, We Grow.


Why you will be PROUD to Join TWG?

You will be joining a team dedicated to achieving our core mission of providing quality housing for all. We are seeking a talented Accounting Professional who is interested in growing their career and helping us drive our mission forward. In return, we offer competitive salaries, career advancement opportunities and a complete benefits package.


We can’t grow without you

Our team members are our greatest strength. We invest in our employees, so you have an opportunity to grow your career with us. If you are tenacious, honest, forward thinking, and believe we are strongest when we work together then TWG is the place for you


ESSENTIAL DUTIES AND RESPONSIBILITIES


Administration:

  • Maintain necessary records of Development Draw Packages for assigned projects
  • Track the progress of Development draws and follow up with necessary personnel for timely completion
  • Help create and document accounting procedures
  • Attend scheduled owner and staff meetings
  • Other duties as assigned from time to time by the Controller

Accounting:

  • Reconcile monthly Development Project bank statements
  • Prepare monthly draw packages for submittal to lenders including Reconciliation of project receivables, Communicating with the Accounts Payable Department to resolve discrepancies, Correspondence with Senior Accountant for necessary entries into Viewpoint or Onesite, Compiling invoice support or other backup documentation to provide to lenders, and Preparation of lender exhibits
  • Assist with lender and/or inspector questions
  • Record receipt of draws into accounting software and cut checks
  • Communicate with team members upon funding of draws
  • Assemble necessary items for equity installments and soft debt funding
  • Review closing proformas to gauge project performance
  • Update cash flow projections and flow of funds of project sources against total future uses
  • Communicate with Auditors on AUPs, Cost Certifications, 10% Tests, etc. and provide what is needed

Communication:

  • Correspond with investors, lenders and management personnel in a timely and pleasant manner
  • Contribute to an overall positive work environment
Requirements:

ESSENTIAL QUALIFICATIONS


Education:

Bachelor’s degree in Accounting is required


Experience:

  • 3+ years of experience in loan processing/development draw preparation and/or review required
  • Understanding of development or real estate accounting is required
  • Experience with Viewpoint and Onesite accounting software is preferred
  • Experience with cash flow analysis and forecasting is preferred
  • Knowledge with equity and construction loan draw processing and draw package compilation within the real estate industry is highly preferred

Skill Set:

  • Excellent written and verbal communication skills
  • Ability to solve practical problems and employ rational decision-making skills
  • Proficient with Microsoft Office, in particular with Excel
  • Must be diligent in self-review of work
  • Able to maintain their workload and meet deadlines with minimal supervision


Disclaimer: TWG participates in the federal government’s E-Verify program, which confirms employment authorization of all newly hired employees and most existing employees through an electronic database maintained by the Social Security Administration and Department of Homeland Security. For new hires, the E-Verify process is completed in conjunction with the Form I-9 Employment Eligibility Verification on or before the first day of work. E-Verify is not used as a tool to pre-screen candidates. For up-to-date information on E-Verify, go to www.uscis.gov and click on 'E-Verify' located near the bottom of the page.


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