Senior Accountant (Development)

ESR GroupCouncil of the City of Sydney, New South Wales, Australia

4 days ago

Job description

Senior Accountant – Development Finance

The Senior Accountant is responsible for the day-to-day running of the development finance scope relevant to all projects in delivery and at completion. In this role you will work closely with business stakeholders across ESR Australia to deliver commercial value to the development business and accurate accounting for our development funds.

Development Fees

Accruing for monthly development management (DM) fees based on the calculation provided by the development team
Ensuring payment of DM fees and being the contact point for Corporate team for any DM fees collection delays by coordinating with funds finance and development team as relevant
Upon project completion coordinate audit of final development costs and perform DM fee wash up and DM fee retention release

Development Cost Reporting

Ensuring that the financial data is maintained accurately in Yardi between the GL and Job Cost (JC) / Construction Manager by performing monthly JC reconciliations

Accruing for monthly development capex as necessary

Provide cost to date information including development accruals for each valuation cycle required by the fund and at year end. Post year end perform an analysis between actual and forecast (development accruals) to determine impact on the overall valuations

Accounting for any transfer of Development Capex to Investment Property upon completion including required accruals (process will be initiated by Development team)

Supporting year end audits relating to development costs and valuations

Development Cost Payments Support

Working closely with the Development and Accounts Payable team to resolve any contract and invoice issues and to ensure timely payment of invoices in compliance with SOPA rules

Ensuring that external vendors are paid on time and supporting any VendorCafe matters (e.g. how to find a contract, how to submit invoices)

Support set up of any new development team members in contract roles on jobs (properties) via submission of requests to YardiSupport (to be led by Development team)

Other responsibilities (in conjunction with funds finance broader team)

Assisting Development or Fund Management team with ad‑hoc queries and requests relating to actual project development costs

Arranging for Bank Guarantee facilities, BG’s and cash bonds to be issued as required

Engaging with tax advisors and leading any land tax exemptions (AOS application) process

Raising invoices for any tenant fitout works / recovery of costs from authorities etc

Arranging tax depreciation reports upon project completion based on final QS certification

Process Improvement

Pro‑actively seek and identify any process and system improvements within the Development Team and Finance Team

Assist with any team projects and process improvements as required and takes responsibility for deliverables

Mentoring & Developing Staff

Upskilling funds finance team members over time to support development finance responsibilities

Requirements

Qualifications

Degree qualification

Chartered Accountant / CPA qualified

Essential Requirements

4-5 years post qualification experience

Experience of Yardi in particular job costing

Intermediate or above proficiency in Microsoft Excel

Ability to complete tasks while meeting tight deadlines

Attention to detail and good record‑keeping skills

Professional, results driven, strong work ethic and with high integrity

Strong communication skills with demonstrated verbal, written and presentation skills

Personal Attributes

Excellent problem‑solving skills

Team player focussed on supporting team deliverables

Ability to coordinate various business stakeholders and competing deadlines

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Senior Accountant • Council of the City of Sydney, New South Wales, Australia

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