Job Description

Spectrum Acquisition Partners is a privately held national developer of senior housing. Since 2003 SAP has developed over 60 properties with an estimated value of more than $2B through its funds and/or institutional investors.

Job Description

The salary range for this position is $60,000 - $75,000 annually. 

The Construction & Development Accountant - SAP will be responsible for managing the accounting around the construction and development of owner entity properties from inception to completion of the development and capitalization of the property. They are responsible for tracking of all property development costs through the Yardi job cost system and for accurately recording and accounting for owner entity fixed assets records. They will work closely with our Accounting and Finance teams.

In this position, the main responsibilities include:

• Track development costs through Yardi job cost, reconciling monthly construction pay applications, preparing month construction draws request to submit to lenders for funding and submitting payments to vendor and contractors based on approved costs.
• Enter approved budgets and manage budget changes throughout the development cycle in job cost system.
• Efficiently monitor and report on development project status and any project plan variances.
• Prepare monthly draw reports for Sr. Management review.
• Work with development team and contractors to resolve any reconciliation discrepancies.
• Verify coding for construction related invoices for A/P processing.
• Research and reconcile all discrepancies.
• Facilitate and monitor reimbursements to/from general contractors.
• Work closely with assigned property accountant to successfully transfer responsibility to manage accounting for owner properties once development is complete.

Qualifications

To be successful in this position, we believe that you need the following experiences, strengths, and skills:

• Bachelor’s Degree or diploma in a relevant disciple or commensurate experience is required.
• At least 3 years of real estate or construction accounting experience.
• Knowledge of Yardi Accounting & Construction Management Software (a plus) and proficiency with Microsoft Office applications.
• Knowledge of accounting for Fixed Assets.
• Demonstrates high-level understanding of all Project Accounting functions and GAAP.
• Excellent management, communication, interpersonal, and organizational skills.
• Highly professional demeanor and appearance.
• Must be able to effectively communicate with vendors, lenders, contractors, and other team members.

Additional Information

If you join Spectrum as a full-time team member, your story will include eligibility for medical insurance, dental insurance, vision insurance, life insurance, and other voluntary insurance options. All part-time and full-time team members are eligible to participate in our 401(k), for paid time off, holiday pay, and discounts through Perk Spot.

Spectrum Retirement Communities strongly encourage all team members to be fully vaccinated against COVID-19, however, the vaccine is not a requirement to work with us.

Spectrum Retirement, LLC and all affiliates are Equal Opportunity Employers. We do not discriminate against employees or applicants on the basis of race, color, national origin, gender, sex, sexual orientation, pregnancy, gender identity or expression, disability, religion, age, genetic information, veteran status, or any other characteristic protected by federal, state or local law.

Spectrum Retirement, LLC also participates in the E-verify program through the Department of Homeland Security and the Social Security Administration.

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