Corporate Office Properties Trust

Senior Development Accountant

Corporate Office Properties Trust • $95K — $115K *
Columbia, MD 21044In-Person
Finance & Insurance
Less than 5 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 5-7 years of experience in development accounting or related field.
  • Strong understanding of GAAP principles and their practical application.
  • Knowledge of fixed assets and capital expenditure processes.
  • Ability to independently analyze financial transactions and seek out information.
  • Experience with budgeting and cost tracking in development projects.

Responsibilities

  • Monitor leasing activity and process fixed asset transactions with minimal supervision.
  • Review and analyze financial deals for accurate GAAP accounting.
  • Track budgets and estimates for development projects within job cost system.
  • Ensure timely vendor payments and accurate coding of invoices and contracts.
  • Prepare quarterly financial updates on assigned projects for stakeholders.
  • Collaborate with project management teams to obtain accurate cost estimates.
  • Investigate and resolve payment variances against approved budgets.

Benefits

  • Work alongside experienced professionals and gain valuable industry insights.
  • Opportunity to work on diverse development projects.
  • Collaborative environment focused on delivering accurate financial reporting.
  • Chance to enhance knowledge of both accounting and project management processes.
Full Job Description
POSITION SUMMARY

Works alongside of Senior Development Portfolio Controller or Development Manager to serve as key point of contact for one or more team processes to include Fixed Assets, Tenant Improvement, Capital Expenditure, Third Party and/or Development accounting serving as trusted resource for all accounting related issues. Rely on knowledge of GAAP as well as the business, processes and systems to review each deal to ascertain the true essence underlying the financial transaction. Requires ability to analyze transactions, independently seek out relevant information and apply what has been learned to arrive at GAAP accounting conclusion supported by key set of facts.

ESSENTIAL FUNCTIONS

  • With minimal supervision, monitors leasing activity to identify and process required fixed asset transactions and adjustments.
  • Review and analyze each deal to determine GAAP accounting with the understanding that the accounting may not mirror the economic deal structure.
  • Requires knowledge of accounting principles and the ability to independently seek out resources both within and outside the company to determine the essence of the deal.
  • Tracks budgets and estimates for development projects in the job cost system.
  • Monitor and review PAY invoices and vendor Contracts/Change orders to ensure timely vendor payment and recording as well as proper coding.
  • Prepare quarterly project financial project updates as assigned.
  • Review and analyze costs to ensure proper accounting.
  • Collaborate with project management, teams to obtain estimates.
  • Monitor payments against approved spend and investigate and resolve variances.
  • Assists with delivering accurate, timely and relevant reporting fixed assets and assigned development projects to various stakeholders highlighting information needed to make business decisions.
  • Requires ability to continuously apply knowledge of what is relevant and adjust reporting metrics regularly to meet the needs.
  • Prepare and process monthly capitalized interest calculations for active development projects.
  • Monitor list of active projects based upon understanding of project status.
  • Review underlying calculations ensuring they are prepared timely and accurately accordance with GAAP and accounting policies.

SECONDARY RESPONSIBILITIES

  • Coordinate and facilitate quarterly development accrual process.
  • Perform other job-related duties as assigned.


About Corporate Office Properties Trust

Corporate Office Properties Trust is a real estate investment trust that invests in office buildings, mostly in the suburbs of the Washington, D.C. metropolitan area. It primarily leases to the U.S. government or companies in the arms industry. As of December 31, 2019, the company owned 148 office buildings comprising 15.4 million square feet and 22 single-tenant data centers comprising 3.7 million square feet.
Learn more about Corporate Office Properties Trust
Size
405 employees
Market Cap
$2.9 billion
Industry
Real Estate & Construction
Net Income
$97.3 million
5 Year Trend
+3%
Revenue
$609.3 million
NASDAQ
OFC
* Ladders Estimates

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