Project Accountant
3 weeks ago
We are seeking an experienced professional to fill the position of Project Accountant - Construction Draw at Genesis Capital. The successful candidate will play a key role in providing accounting and administrative support to our Construction & Development department, ensuring the smooth execution of construction projects. In this role, you will be responsible for managing multiple loans concurrently, monitoring project progression, and reviewing draw requests and budgets. Your attention to detail and strong organizational skills will enable you to prioritize tasks effectively and meet deadlines while maintaining a positive attitude and providing excellent internal and external customer service.
The ideal candidate will have a Bachelor's degree in a relevant field and 5+ years of experience in construction administrative/accounting or a related field. Strong knowledge of construction processes, including contracts, budgets, and estimates, is essential. Additionally, proficiency in Microsoft Office and other software applications is required. If you are a self-motivated individual with exceptional problem-solving skills and a willingness to learn, we encourage you to apply.
Key Responsibilities
- Data entry into company database, compile and review reports for quality and accuracy of non-technical content, deliver reports based on client's requirements/instructions, maintain schedule for deliverables
- Manage multiple loans concurrently
- Monitor progression throughout the project life cycle
- Review of Draw requests and budget. Review supporting documents, Review the loan documents and sponsor documents, order inspections and other reports as needed or required per loan conditions and per policy.
- Review the percentage of work in place, balanced budget, and accuracy of inspections and other documents prior to sending for funding to manage the pay application and disbursement process of a construction project. Track Change orders and allocations.
- Order title reports and review for clearance. Interface with Title or Credit departments, the title company, and the sponsor as necessary to obtain a clear endorsement
- Review the draw for approval and verify the correct amount to be wired for funding
- Work with sponsors, inspectors, title companies and other departments to facilitate the funding of draws in a timely manner
- Review and report any discrepancies, overages, shortages, variances, escalations, or other issues with the loan or draw immediately to Construction Management team
- Follow up daily on escalations, funding issues, title endorsements, requested sponsor documents as required if draw funding is delayed
- Review wire instructions as necessary and update wire instructions as necessary as per policy and compliance
- Maintain correspondence with clients and borrowers for corrections/trailing documents if needed
- Special projects as assigned.
- Performs related duties as assigned by management
Salary:$65,000 - $85,000 per year
This salary range reflects the estimated compensation for this position based on national averages and industry standards.
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