Why This Role Is Valuable This role is responsible for aligning our Property Management fixed asset projects with the Blackstone framework. You will handle job cost assignments as well as ensuring adherence to protocol for both GAAP reporting and internal project tracking.
How You Add ValueJob Cost Ownership (Primary)
- Own the job code life cycle in the ERP - intake new job code requests, validate budget authorization, confirm setup attributes (job type, cost list, phase, entity, project tag), and shepherd codes through approval before they are made active.
- Investigate and resolve miscoded costs in partnership with Property Accountants, Construction Accountants, and Procore users; coordinate reclassification entries before month-end close.
- Maintain a CIP aging dashboard
- Support quarterly and annual job code clean-up cycles
Job Cost to GL Reconciliation
- Perform monthly Job Cost to General Ledger reconciliations across assigned portfolios; investigate and resolve variances within the close calendar.
- Communicate findings, root causes, and corrective actions clearly to in-house Property Management and Property Accounting
Accounting Treatment Knowledge (Supporting)
- Apply a working understanding of capitalization vs. expense criteria under U.S. GAAP and ASC 360, including the company's capitalization policy thresholds and useful life conventions.
- Understand the accounting treatment for all job types the team manages - capital projects, building improvements, site improvements, tenant improvements, landlord work, FF&E, leasing commissions, leasing legal, lease incentives / tenant inducements, and loan origination cost
- Maintain awareness of the downstream fixed asset life cycle (setup, depreciation cadence, retirement, disposal) sufficient to anticipate hand-off needs and avoid rework.
Placed-in-Service Hand-off
- Gather and validate placed-in-service documentation from Property Controllers - completion date, final cost reconciled to job cost, asset categorization, tenant/lease linkage for TI, GL mapping, retainage status, and supporting evidence.
- Deliver a clean hand-off package to the Fixed Asset team so the asset can be set up in the FA system without follow-up loops.
- Confirm zero residual CIP balance on the job at hand-off; coordinate any final reclasses with the close team.
What You Bring To The RoleRequired:
- Bachelor's degree in Accounting or Finance
- Minimum 2 years experience in Project Management or Construction accounting
- Knowledge of Microsoft Word, Excel
- Required software: Yardi 8 or 7/7s
- Required skills: Familiar with job costing and project management
Preferred:
- Hands-on Yardi Job Costing and Fixed Asset Manager experience in a multi-entity real estate environment.
- Familiarity with REIT reporting cadences (monthly close for REIT-style vehicles, quarterly close for non-traded structures).
- Exposure to purchase price allocation (PPA) on acquired real estate assets.
- Familiarity utilizing AI tools (e.g., Microsoft Copilot, Claude, ChatGPT, etc.) to drive efficiency in accounting workflows - reconciliations, variance analysis, documentation, and data review.
Base Compensation Range:$90,000.00 To $110,000.00 Annually. This represents the presently-anticipated low and high end of the Company's base compensation range for this position. Actual base compensation range may vary based on various factors, including but not limited to location and experience.
Total Direct Compensation:
This job is also eligible for discretionary bonus and incentive compensation on an annual basis.
Benefits: The Company provides a variety of benefits to employees, including health insurance coverage, retirement savings plan, paid holidays and paid time off (PTO).
The additional total direct compensation and benefits described above are subject to the terms and conditions of any governing plans, policies, practices, agreements, or other materials or documents as in effect from time to time, including but not limited to terms and conditions regarding eligibility.
Perks for You- Competitive salary, overall compensation, and 401(k)
- Work-life balance offerings include:
- Hybrid Work Policy
- Productivity Hours - weekly meeting-free work time
- Summer Fridays
- Work From Anywhere Month
- In-house and external learning & development opportunities
- Generous health insurance and wellness benefits
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