Construction Draw Coordinator

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Job Code: PD21-22
Posted On: Tuesday, 16th March 2021
Department: Real Estate
Location: Main Office
Kensington, Md
10400 Detrick Avenue
Job Type:
Full Time
Education: 4 Year Degree
Pay Rate: Grade 24 Minimum: $60,188

Job Description:

This position is responsible for job cost accounting of all construction projects which includes preparation of draw packages to Project funding sources according to internal procedures and lender rules, work with project managers to ensure projects remain on budget and loans are in balance, maintain detailed knowledge of costs related to each project and ensuring consistent and proper coding, reallocate budget line items as needed to ensure adequate funding within the development budget, monitor projects from a risk management perspective and elevate issues as needed.

Examples of Duties:

  • Prepare draw packages for all pre development and construction projects
  • Review contract documents and change orders, and track payments and lien releases
  • Participate in project-related meetings
  • Prepare and submit investor and lender reports
  • Assist the Mortgage Finance Division with preparation of project data for real estate and financing closings
  • Review and cross-check internal records to assist with the preparation of cost certifications
  • Assist with the development of Division budgets
  • Perform investigative project and account analyses
  • Work with the Finance Division and project accountants to ensure accounting records are current and accurate and prepare journal entries as needed
  • Communicate effectively with project managers, collaborating on proformas, project budgets and draws, and keeping them informed of project funding and documentation needed from contractors and vendors
  • Liaison with the Procurement, Accounts Payable, Accounting and Compliance Departments. Provide ad-hoc reports and other related tasks


 

Preferred Skills:

Experience:

  •      Minimum of 3-5 years of construction and/or real estate accounting experience including job cost accounting, draw preparation and financial reporting
  • 3-5 years of experience with review and assistance with preparation of contract documents for construction projects
  • Experience working with spreadsheets, automated accounting systems, and an advanced level of MS Excel is required

Education:

  • Bachelor’s degree in Accounting or related field

Knowledge, Skills and Abilities:

  • Knowledge of basic accounting principles (i.e. journal entries, debits, credits, etc.) and accounting functions
  • Basic knowledge of MS Office Suite, Google Suites, Yardi system
  • Ability to collaborate and interact effectively with team members and cross-functionally
  • Must have the ability to handle multiple tasks with competing deadlines
  • Must be detail oriented, organized, and disciplined
  • Ability to organize, analyze and interpret financial data to solve accounting problems, and legal contracts to resolve construction issues
  • Good oral and written communication skills