Brookfield Properties Development LLC Looking for Project Accountant at United States, New York, New York Full Time

Location

Brookfield Place New York – 250 Vesey Street, 15th Floor

Business

As part of Brookfield Asset Management – one of the largest alternative asset managers in the world – we harness our resources to bring a fresh approach, unparalleled creativity, relentless innovation, and sound ESG practices to the planning, development, and management of buildings everywhere. From offices, retail spaces, and logistics facilities to multifamily residences, hospitality establishments, and mixed-use structures – we are reimagining real estate from the ground up.

We see tomorrow, today. At Brookfield Properties, we’re a fully integrated developer so we know what it takes to go from concept to concrete, from blueprint to building. From vision, experience, resources, and ethics, every day we take these ingredients to partner with our communities, collaborating with the places where we work, customizing developments to meet the neighborhoods’ specific needs, and identifying the highest and best use for each property to create unique and lasting places that bring people together. .

If you’re ready to be a part of our team, we encourage you to apply.

Job Description

Role / Description: Project Accountant / BPD Accounting role collaborating, coordinating and engaging with internal functional teams, as well as external companies. This is a conspicuous role which requires timely effective communication skills and critical thinking.

Responsibilities: Financial and management accounting role working directly with design, construction, development and other functional teams to monitor, track and report costs of assigned projects and properties, including budgeting and forecasting, providing timely and accurate management & financial reporting, and assisting in the audit/review process. Detailed responsibilities include but are not limited to:

Development Accounting and Reporting

• For specific projects assigned, manage the cost control and development accounting function:

  • Maintain budget information, budget availability and payment information for approved budgets and related loan budgets

  • Track consulting and construction contracts, including change orders and re-allocations to maintain the correct Current Budget and Commitment values

  • Manage open purchase orders / commitments

  • Ensure contractor requisitions and project invoices are correctly coded and allocated

  • Prepare wire transfers to external vendors, related parties and intercompany entities

  • Prepare monthly loan requisitions and capital calls, as necessary

  • Maintain project loan draw and amortization schedules

• Work with other functional teams, Design & Construction, Development, external accounting teams, as necessary, to maintain a current status of the projects

• Develop working relationships with key external vendors, i.e., construction managers / general contractors

• Prepare development reporting for assigned projects:

  • Routine reports, mainly the monthly Control Sheet and corporate office

  • Monthly debt reporting and analysis required for any refinancing and/or building appraisals

  • Prepare quarterly forecasts and budget to actual variance analyses

  • Preparation of annual budget package, detailed variance analysis, and balance sheet analysis

• Coordinate with Legal, Marketing, Finance and etc to ensure costs are represented correctly

• Ensure routine reports are prepared and distributed in a timely and accurate manner

• Prepare ad hoc analysis or special reports, as necessary

Financial Accounting / Audit

• Perform core finance / accounting function per Generally Accepted Accounting Principles (GAAP) for assigned projects:

  • General Ledger (GL) ownership

  • Convert accounting basis to International Financial Reporting Standards (IFRS)

  • GL account reconciliations

  • Record adjusting journal entries: accruals, prepayment relief, etc.

  • Bank reconciliations

  • Equity reconciliations

  • Financial statement preparation

  • Joint Venture (JV) reporting, as necessary

  • Variance analysis

• Ensure invoices are recorded in the general ledger correctly in the relevant software applications

• Maintain and understand various accounting bases: cash, accrual, GAAP and IFRS

• Work with the regional property accounting team and other Brookfield accounting teams, as necessary

• Prepare detailed year-end reconciliations, analyses and audit working papers.

• Provide supporting documentation and assistance to internal / external auditors, as needed.

• Other financial reporting as required by corporate and fund / ownership structures

Education:

BS/BA degree in accounting or another quantitative field; CPA/ CMA candidate preferred

Technical Skills:

• Minimum five years of Real Estate Development or Construction accounting experience and/or public accounting

• Knowledge of Generally Accepted Accounting Principles and/or International Financial Reporting Standards (IFRS), specifically, real estate

• Strong analytical ability; detail oriented with strong initiative and analytical skills.

• Well organized; self-starter, able to handle multiple priorities

• Ability to work independently or as part of a team in a highly deadline driven environment.

• Advanced proficiency in MS Office, specifically, MS Excel and MS Word

• Experience with ERP systems (YARDI, MRI etc.) and implementing software applications a plus

• Candidate should be enthusiastic and motivated to succeed in a collaborative team environment

• Possess excellent communication, presentation and interpersonal skills

#LI-ES1

Your Opportunity

We are proud to offer our employees what they value most:

• Competitive compensation

• Excellent extended health benefits

• 401k matching

• Generous tuition assistance program

• Leadership development and mentorship programs

• Charitable donation matching

• A culture based on our values of Passion, Integrity and Community

Brookfield Properties participates in the E-Verify process to confirm the eligibility of candidates to work in the United States.

We are proud to create a diverse environment and are proud to be an equal opportunity employer. We are grateful for your interest in this position, however, only candidates selected for pre-screening will be contacted.