Construction Project Accountant

Charlotte, NC, USA Req #260
Wednesday, September 14, 2022

Our Company: 

Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN and LEN.B), is a multi-strategy, real estate focused, alternative asset management company comprised of two rapidly growing verticals: Multifamily and Single-Family Rental.  Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council’s (NMHC) annual Top 50 list for eight consecutive years. Quarterra Single-Family Rental launched in 2020 to provide individuals, couples, and families who prefer to rent over home ownership the opportunity to live in exceptional neighborhoods with great amenities. It is anticipated that Quarterra will spin-off from Lennar and become an independent, NYSE listed, Alternative Asset Manager later this year under ticker symbol "Q".  For additional information, please visit Quarterra.com.

Summary of Position:
 

The Construction Project Accountant will be responsible for the accounting function of Quarterra’s construction division. The role will provide regional and division management, corporate office, and joint ventures partners with timely and accurate reports. They will also perform accounting services complying with company accounting policies and procedures and ensure compliance with internal reporting requirements.
 

Principal Duties and Responsibilities:

  • Review subcontractor pay apps and general invoices for data entry accuracy, proper approvals, third-party insurance compliance, etc.
  • Assist Contract Managers and Contract Coordinators to resolve any issues that arise in the review process.
  • Prepare open AP report with check selections for bi-weekly check runs.
  • Review and/or enter billings and commitments and commitment change orders into Sage software.
  • Prepare and enter general ledger journal entries for financial statements.
  • Prepare and enter direct job cost entries for allocations to and/or reallocations of job cost.
  • Assist in preparation of monthly general ledger close reconciliations.
  • Responsible for monthly owner billings of various Company projects held by joint venture entities.
  • Accountable for the coordination and review of monthly subcontractor pay applications and supporting documents, including applicable prelim and final lien releases and insurance-related documentation.
  • Provide necessary support to project owners to allow for complete and accurate draw requests to project lenders.
  • Ensure division compliance with corporate policies and procedures, Sarbanes-Oxley requirements, and owner/general contractor agreements.
  • Meet the corporate reporting deadlines as outlined on corporate calendar.

Education and Experience Requirements:

  • Bachelor of Science degree in Accounting, Finance, or related field is preferred.
  • High School Diploma or General Equivalency Diploma is required.
  • Minimum 2-4 years of progressive accounting experience with a background in commercial construction is required. Experience in multifamily is preferred.
  • Understanding of generally accepted accounting principles, cost accounting with the emphasis on job costing, and long-term construction projects.
  • Extensive experience surrounding contracting with subcontractors and material suppliers required.
  • Skilled in reviewing and processing monthly pay applications from subcontractors and monthly billings.
  • Proficient with various computer hardware and software and accounting systems that are used in the real estate industry, such as Sage300, Timberline, and Procore is preferred.
  • Excellent oral and written communication skills.
  • Ability to work independently with minimal supervision.

Physical Requirements:
 

This is primarily a sedentary office position which requires the Construction Project Accountant to have the ability to operate computer equipment, speak, hear, bend, stoop, reach, lift, and move and carry up to 25 lbs. Finger dexterity is necessary.
#KP #LI-KP 

This description outlines the basic responsibilities and requirements for the position noted. This is not a comprehensive listing of all job duties of the Associate. Duties, responsibilities and activities may change at any time with or without notice.

 

Quarterra Group is an Equal Opportunity Employer that prides itself on diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, pregnancy or related condition, protected status, or any other status prohibited by applicable national, federal, state or local law. Quarterra Group believes diversity and inclusion among our Associates is critical to our success and we seek to recruit, develop and retain the most talented people from a diverse candidate pool.

Other details

  • Pay Type Salary
Location on Google Maps
  • Charlotte, NC, USA