Accountant – Construction Accounting

Job Description

Accountant | Venteon

The Tone:
This is an Accountant role at Venteon, located on the east side of metro Detroit. Our client is a growing real estate investment and development company focused on new construction and rehab projects. This role contributes to critical financial operations, ensuring accurate reporting and cost management for these developments. The company offers a first-class office setting and a small group environment, providing a motivated individual with an excellent career opportunity in a diverse accounting position.

The TL;DR
• Role: Early Career
• Location: In-person, Detroit Metropolitan Area

• Mission: This person is responsible for managing construction cost activity, preparing financial statements, and ensuring accurate financial reporting for real estate investment and development projects.
• Tech Stack: Excel, Word

What You’ll Actually Do
• Construction Cost Tracking: Track construction cost activity using job cost reports, and manage billing and collection processes for multiple new-construction and rehab projects.
• Project Communication: Communicate regularly with construction project managers to obtain progress updates and ensure accurate financial reporting.
• Lender Draw Preparation: Prepare and submit monthly construction draw requests to third-party lenders, substantiating expenditures and facilitating necessary borrowings.
• Financial Statement Generation: Prepare US GAAP financial statements, accurately applying percentage of completion accounting principles.
• Compliance & Special Projects: Prepare contractor cost certifications for submission to various states for low-income housing tax credit (LIHTC) applications, and complete various special projects and assignments as needed.

The Must-Haves
• Background: Bachelor’s degree in Accounting. This is an early career role for an Accountant.
• Experience: 1 plus years of experience as an Accountant, with a focus on financial accounting and general ledger systems.
• Skills: Strong proficiency in Excel and Word, excellent communication and analytical skills, highly organized, self-motivated, detail-oriented, and the ability to manage multiple deadlines and priorities.
• Bonus: Experience with construction accounting is preferred.