Financial Management Specialist

3 weeks ago


Charlotte, North Carolina, United States Beacon Hill Full time
Financial Management and Control:

As a key member of the Beacon Hill team, the Financial Management Specialist will be responsible for managing project finances, ensuring accurate and timely invoicing, and maintaining compliance with lender and funding entity requirements.

Financial Reporting and Analysis:

The Financial Management Specialist will prepare development and construction management fee invoices, project reports, and manage tasks related to accounts payable, accounts receivable, general ledger, and banking. They will also provide necessary data, reports, and information for loan closings, and prepare monthly financial statements, support schedules, and other financial reports accurately and timely, adhering to GAAP or Tax standards.

Accounts and Cash Management:

The Financial Management Specialist will manage accounts receivable and accounts payable, including check runs, wire transfers, and resolving related issues. They will also prepare monthly bank reconciliations and maintain accurate cash balances for all project bank accounts, and anticipate and project cash flow needs for individual projects, informing management of upcoming cash requirements.

Year-End and Special Reporting:

The Financial Management Specialist will assist in the preparation of year-end tax reporting and annual audits as necessary, manage 1099 processing at year-end, and perform additional accounting tasks assigned by the Development Accounting Manager and assist with special projects.

Communication and Support:

The Financial Management Specialist will liaise with other departments, lenders, construction consultants, and vendors to resolve project-related matters, provide support, guidance, and training to the project management team and other Development Accounting team members, and ensure seamless communication and collaboration throughout the project lifecycle.

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