Careers • SeattleAccounting

Real Estate Development Accountant

For 30 years, Westbank has been devoted to developing a combination of mixed use and single use residential, retail, hotels, and office buildings in North America. Westbank has strived to develop and maintain sustainable developments that reflect the heritage and cultural diversity of the surrounding community, while integrating ecologically friendly low carbon community energy systems. Westbank is family owned, headquartered in Vancouver and has experienced unprecedented growth, planning developments in various cities in North America and abroad.
Westbank is seeking a Real Estate Development Accountant to be responsible for various high profile multi-use construction tower projects located in the United States. Reporting directly to the Controller, the successful candidate will be responsible for a wide variety of accounting related functions, including:

Project Development Accounting

  • Review and accurately report on all construction pay applications
  • Prepare and maintain monthly proformas, bank draws, budgets and forecasts
  • Effectively communicate with development team on budget concerns or overages
  • Manage contract administration on development projects
  • Post cash impacts from wires, ach, etc., bank reconciliations
  • Full cycle A/P for the development projects from invoice processing to check writing, reporting, vendor compliance and research
  • Year end 1099 preparation
  • Other projects as needed

Financial Statement and Working Paper Preparation

  • Prepare monthly financial statement packages for corporate and project entities at various stages of development, construction or post construction, 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

Candidate must possess:

  • An accounting degree with a minimum of 1 year of direct real estate accounting experience, or, 3+ years of direct accounting experience in the real estate industry,
  • Strong verbal and written communication skills
  • Strong computer skills as well as proficiency in the Microsoft Office suite
  • Strong organizational skills, ability to adapt to multiple demands, set priorities and achieve results on a timely basis
  • Analytical thinker and ability to readily grasp new concepts and adapt to a fast paced, ever-changing environment

Desirable attributes include:

  • Experience in real estate project development and construction accounting
  • Experience using Timberline accounting system
  • IFRS/GAAP U.S. accounting knowledge

This position continues to evolve as the Company expands and adapts to a changing environment. It is therefore subject to ongoing change and demands someone that is willing to adapt to these changing demands.
Compensation is dependent upon experience.