Project Accounting Supervisor at RXR

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Real Estate, Construction, Commercial Real EstateIndustries

Requirements

A minimum of 5+ years of construction project accounting experience
A minimum of 5+ years of experience in the construction real estate industry
Bachelor's degree in accounting preferred
Proficient at managing all accounting related functions for assigned projects: prepare journal entries, enter cash receipts and manual checks, manage general ledgers, make month-end closing entries, prepare accrual schedules, bank reconciliation, account reconciliations, review payables postings to ensure accuracy of accounting, review billing and post to general ledger, assist with preparation of working papers for annual financial statement reviews and audits
Anticipates and adopts innovations in business-building digital and technology applications; readily learns and adopts new technologies; curious about new technical skills, knowledge, or capabilities that can benefit business or personal performance
Ability to be a model that influences and creates a safe and motivating environment for performance and growth of their team; creates team-wide energy, optimism, and engagement; steps in to handle tough issues or deliverables; places a high priority on developing direct reports through coaching, feedback, exposure, and stretch assignments; values differences on the team
Navigates complex, and potentially contradictory, information to effectively assess issues and solve problems; asks the right questions to analyze situations
Strong communication skills

Responsibilities

Review and ensure accuracy, completeness, and integrity of AIA invoice billing before submission to clients
Review and verify billing for fee percentage and insurance
Liaise with clients and monitor collection of billing
In charge of outstanding accounts receivables and make follow-up inquiries to clients
Review and post Receivable entries in accounting system
Monitor cash flow and communicate to senior management
Participate in monthly financial meeting with project managers to monitor progress of project and ensure proper and accurate billing and pay application to client per contract terms
Review and interpret contracts, subcontractor documents, payment terms, insurance, and bond requirements
Review and verify accuracy of final AIA payment application from trade subcontractors including project roll forward, mathematical accuracy, and completeness of support (lien waivers, material log, insurance compliance, etc.)
Liaise with vendors and respond to inquiries from general contractors and project managers
In charge of outstanding accounts payables
Review and post accounts payable entries in accounting system
Monitor weekly check runs and wire transfers
Responsible for close out of the projects upon their completion
Direct supervision of personnel including Project Accountants and Accounts Payable Associates
Assist with the monthly close process and financial reporting for the Company

Skills

Key technologies and capabilities for this role

AIA BillingAccounts ReceivableAccounts PayableContract ReviewLien WaiversInsurance ComplianceCash Flow MonitoringSubcontractor VerificationFinancial ReportingVendor Liaison

Questions & Answers

Common questions about this position

What are the main responsibilities of the Project Accounting Supervisor?

The role involves reviewing AIA invoice billing, verifying billing and insurance, liaising with clients and vendors, managing accounts receivable and payable, monitoring cash flow, participating in financial meetings, supervising personnel, and assisting with monthly close processes.

What top competencies are required for this position?

Top competencies include proficiency in accounting transactions such as preparing journal entries, managing general ledgers, month-end closings, reconciliations, and payables postings, as well as systems proficiency in adopting new digital and technology applications.

Is this a remote position or does it require on-site work?

The position is responsible for on-site accounting duties for active construction jobs.

What salary or compensation is offered for this role?

This information is not specified in the job description.

What experience makes a strong candidate for this role?

Strong candidates will have proficiency in managing accounting transactions for projects, including journal entries, reconciliations, and financial reporting, along with the ability to adopt new technologies and supervise personnel.

RXR

Real estate development and property management

About RXR

RXR operates in the real estate sector, managing a diverse portfolio that includes residential, commercial, and mixed-use properties. The company focuses on acquiring, developing, and managing high-quality real estate, generating revenue through rental income and property sales. RXR's properties cater to a variety of clients, from young professionals looking for affordable housing to businesses in need of modern office spaces. A key aspect of RXR's approach is its Innovation Digital Lab, which develops technology and forms partnerships to improve urban living experiences. What sets RXR apart from its competitors is its strong commitment to social responsibility, civic engagement, and promoting accessibility and inclusion in the communities it serves. The company's goal is to create positive impacts through its developments while ensuring equal opportunities for all.

New York City, New YorkHeadquarters

1987Year Founded

$933.4MTotal Funding

PRIVATE_EQUITYCompany Stage

Design, Real EstateIndustries

201-500Employees

Benefits

Flexible Work Hours

Professional Development Budget

Risks

Latch's expansion could threaten RXR's property management services.

Neeve's cloud solutions may challenge RXR's technological edge in property management.

Suffolk Technologies' BOOST program could introduce innovative competitors to RXR.

Differentiation

RXR leverages its Innovation Digital Lab for cutting-edge technology in urban environments.

The company maintains a multi-sector, geographically diverse portfolio of properties.

RXR is committed to social responsibility and civic engagement in its operations.

Upsides

Latch's smart access systems enhance RXR's tenant experience and operational efficiency.

Neeve's cloud infrastructure aligns with RXR's innovation goals for smart buildings.

Suffolk Technologies' BOOST program offers RXR access to cutting-edge built environment solutions.

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