Project Accountant

Somers West in Sacramento, California has an opening for a Project Accountant. The Project Accountant will be an integral part of the real estate development division of SBM Management known as Somers West. Somers West is a full-spectrum land developer that breaks from the traditional real estate mindset in that it believes development can and should address some of the most pressing social and environmental challenges such as affordable housing and climate change. The company's projects are focused mainly in California and Hawaii where these challenges are most acute. Somers West is based in Sacramento, California and has invested in real estate for more than 40 years. Development, planning, and construction of communities is always driven by a respect for the land, its history, and the local culture.

This position is not just about the numbers. You will be expected to significantly contribute to the successful horizontal and vertical completion of the existing and future builds. The individual in this position will work with a highly motived, cohesive, problem-solving group of dedicated team members and professional consultants who develop quality communities which sustain over time. We are not just developing another typical subdivision. You must have a real estate development background, be passionate, entrepreneurial, dedicated to success, and prepare for future leadership roles as the company grows.

As the Project Accountant your skills will be relied upon to contribute to the processes of preparing monthly construction draws for multiple development projects, weekly and monthly check runs, job cost reports, financial reports, and analyzing financial information for these projects. You- will be directly responsible for Accounts Payable/Receivable duties and attention to detail is paramount. You will be the first point of contact with our trade partners and vendors, professionalism is of the utmost importance.

Roles & Responsibilities:

• Oversee the accounts payable process to ensure proper review, approval, adherence to contract and budget balances, and timely and accurate payment.
• Track lien releases, supplier lien releases and preliminary notices
• Audit vendor insurance for compliance
• Prepare, audit and Process monthly and weekly check runs through entire cycle
• Audit and process GC invoice draw packages
• Prepare job cost reports and analysis to verify compliance of the project within contract and budget parameters
• Track budget versus actual profit and be able to communicate reasons for variances and understand the significant drivers to maximize profit
• Prepare monthly financial statements for each project including balance sheet, income statement and cash flow.
• Review owner contracts to understand accounting requirements and maintain books and records within contract compliance.
• Process incoming mail specific to assigned development projects
• Work with other Accounting team members to process and post Accounts Receivable entries.
• Make bank deposits
• Good communication skills are a must

Desired skills and experience:

Education and/or Experience

Degree in accounting, finance or relevant field with 3 years of experience; or equivalent combination of education and experience.

Knowledge, Skills, and Abilities

Project Accounting experience for a General Contractor in the homebuilding industry preferred. Solid knowledge of GAAP and regulations. Excellent accounting, time management, and collaboration skills. Ability to adhere to strict deadlines and work under pressure without sacrificing quality. Must have the ability to work independently with strong initiative and manage multiple priorities. Strong verbal and written communication skills. Proficient computer skills in Microsoft Office applications and in accounting cost management software (Yardi, Timberline or similar).

Shift: Full time
Compensation: $62,000 - $65,000 per year