DO YOU WANT TO:

• Have an opportunity for exciting challenges and job growth?
• Make a positive impact in your community every day?
• Have competitive compensation and benefits?
• Work alongside and collaborate with the CFO regularly, to spearhead the accounting of our property development division?

If the answers are yes, Sage Ventures has an immediate opening for a Development Accountant!

Sage Ventures is a full-service vertically integrated residential development and investment firm. As a collaboratively run corporation, we develop, own, rehabilitate, sell, and manage exceptional properties throughout the greater Baltimore/Washington region.

POSITION SUMMARY

Development Accountant will be responsible for supporting the CFO in providing accounting services and reporting support to the development team and the CEO. To maintain the general ledger and ensure accuracy and consistency in reporting and recognition.

Project Development Accounting:

• Coordinate with Project Managers (PMs) to help prepare, maintain, and monitor construction project budgets and forecasts.
• Assist development team in monitoring project completion and adherence to schedules to ensure timely completion.
• Prepare, submit, and accurately report on all construction pay applications/loan draws.
• Effectively communicate with development team on budget concerns or overages
• Manage contract administration on development projects.
• Assist with the transaction closing process, review settlement statements for purchases and sales, prepare and post entries.
• Communicate with PMs on coding invoices, getting approvals, making budget revisions, preparing ad-hoc reports, and providing other timely support.
• Prepare monthly development journal entries.
• Full cycle A/P for the development projects from invoice processing to check writing, reporting, vendor compliance and research
• Recording payroll cost allocations and billing between the various projects
• Calculate returns and manage distributions of equity capital, and profits.
• Responsible for management of credit cards, including utilization of third-party apps and month-end reconciliations.
• Year end 1099 preparation and assist with coordination/preparation of tax returns.

Financial Statement and Working Paper Preparation:

• Prepare monthly financial statement packages for corporate and project entities including financial statements, cash flows and supporting working papers.
• Assist in managing cash flow requirements.

Technical and Other Support:

• Perform other accounting or administrative tasks as needed.
• Coordinate the setup of new properties for project development accounting, setting up bank accounts.
• Administrative duties including photocopying, filing, preparing, organizing, and maintaining accounting/contract records.

JOB SPECIFICATIONS/QUALIFICATIONS

• The ideal candidate will have worked in the real estate industry, construction accounting, and property accounting.
• This position will require the candidate to have extensive experience with construction requisitions, working with lenders and reporting.
• Strong organizational skills with attention to detail.
• Strong verbal and written communication skills.
• Accounting or business degree required.
• CPA or desire to obtain a CPA license preferred.
• Three or more years of work experience preferred.

SALARY/BENEFITS

We offer competitive salaries and excellent benefits, including:

• PTO - 10+ days
• Medical, vision, dental
• 401K with a company match
• Employee Assistance Program
• 20% rental discount at our properties
• Professional development in the multi-family housing industry

Equal Opportunity Statement

Sage Ventures is an Equal Opportunity Employer. All employment decisions are based on business needs, job requirements and individual qualifications, without regard to race, color, religion or belief, family or parental status, or any other status protected by the laws or regulations in the locations where we operate.