Responsible for the daily accounting reporting activities and administration of contracts, including updating the asset management system (ELITE), vendor contract administration, reviewing payment applications, tracking costs and accounts receivable, producing monthly progress reports for capital partners and lenders, and preparation of contract abstracts, lease abstracts, draw packages, invoices, and contract closeout packages.
ESSENTIAL DUTIES AND RESPONSIBILITIES
Prepares information used by corporate accounting for financial reporting and project accounting purposes. Examples include requests for funding against construction loans, and the business unit's payables, forecasts, or budgets.
Administers loans, vendor contracts, and draws for development projects, including monitoring key dates and reporting requirements for assigned projects.
Ensures that all payment deadlines are met.
Controlling accounts receivable and payable.
Tracking project and pursuit expenditures against budgets and contracts.
Produces a variety of routine and ad hoc accounting reports or projections for internal or project partner uses.
Ability to work efficiently in various accounting software packages, as required for projects/partners. Participates in the evaluation and/or implementation of project accounting software packages, as required.
Ensures that department/business unit and project files are maintained in accordance with company policies and procedures.
Efficiently work with internal Elite software for tracking and inputting data/information.
Review closing statements and various partnership or loan documents for financial requirements.
Performs other duties as assigned.
No formal supervisory responsibilities in this position. May provide informal assistance such as technical guidance and/or training to coworkers. May coordinate work and assign tasks.
To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.
The requirements listed below are representative of the knowledge, skill, and/or ability required.
Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.
EDUCATION and EXPERIENCE
Bachelor's Degree in Accounting or Finance. 4+ years accounting/finance experience. Experience in or exposure to real estate industry preferred.
Strong organizational and analytical skills. Ability to comprehend and interpret instructions, short correspondence, and memos and ask clarifying questions to ensure understanding. Ability to write routine reports and correspondence. Ability to effectively present information to both internal and external constituents. Ability to respond to common inquiries from clients, co-workers, and/or supervisor.
Requires basic knowledge of accounting/financial terms and principles. Ability to calculate simple figures such as percentages, as well as financial metrics like IRR, yield on costs, debt service constant, etc.
Ability to understand and carry out general instructions in standard situations. Ability to solve problems in standard situations. Requires basic analytical skills.
OTHER SKILLS and/or ABILITIES
Strong skills in Excel to create, modify, and import/export spreadsheets for financial modeling. Works well with others on project teams, and able to train others in using accounting software packages.
SCOPE OF RESPONSIBILITY
Decisions made with understanding of procedures and company policies to achieve set results and deadlines. Errors in judgment may cause short-term impact to co-workers and
An additional requirement for this role is the ability to comply with COVID-19 health and safety protocols, including COVID-19 vaccination proof and/or rigorous testing .
With broader and deeper capabilities than any other company, CBRE is the leading full-service real estate services and investment organization in the world.
CBRE Group, Inc. is the world’s largest commercial real estate services and investment firm, with 2017 revenues of $14.2 billion and more than 80,000 employees (excluding affiliate offices). CBRE has been included in the Fortune 500 since 2008, ranking #214 in 2017. It also has been voted the industry’s top brand by the Lipsey Company for 17 consecutive years, and has been named one of Fortune’s “Most Admired Companies” in the real estate sector for six years in a row. Its shares trade on the New York Stock Exchange under the symbol “CBRE.”
CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services.