About this role
Job DetailsJob Location: Hollywood, FL 33021Position Type: Full TimeEducation Level: 4 Year DegreeSalary Range: $75,000.00 - $85,000.00 SalaryTravel Percentage: NoneJob Shift: DayJob Category: AccountingDetail-oriented, deadline-driven, and fluent in construction finance? Prime Group is looking for a Construction Draw Specialist to manage the full draw and reimbursement process across our construction and renovation projects — keeping funding accurate, on time, and audit-ready.
Job Summary
The Construction Draw Specialist is responsible for managing the entire process of tracking, preparing, and reporting all construction and renovation project draw / reimbursement tasks within the organization.
What You'll Do
Including but not limited to
Perform timely and accurate construction loan draws
Perform timely and accurate Renovation/Capital Improvement project billing and reimbursement requests
Handle billing and AR collections of General Contractor billings
Track, collect, record, and report the billing and funding for draw requests
Review borrower documents to establish and maintain proper draw request terms and procedures
Maintain professional communication with the Construction Department, Project Managers, Accounts Payable, Treasury, and external funding sources to ensure timeliness and accuracy of the draw/reimbursement processes
Create and maintain effective and accurate draw schedules and worksheets
Maintain and report accurate project budgets, approved modifications, and costs (current and projected) by project cost codes and categories
Prepare and track WIP schedules, pencil draws, inspection logs, and other supporting schedules and documents
Provide financial and accounting support of projects and entities
Assist with subcontractor management, invoicing requirements, and timeliness of deliverables
Obtain/file new vendor W-9s, reviewing logs weekly and updating any expired certificates
Verify, track, and report lien releases, insurance, and W-9s for all appropriate contractors, subcontractors, and vendors
Reconcile job cost to GL accounts
Prepare monthly internal reports for management review
Assist Construction, Purchasing, Treasury, and Accounts Payable with tasks associated with draw responsibilities
Record journal entries and perform monthly account reconciliations
Research and resolve discrepancies as needed
Ensure that all associated accounting functions are performed accurately and timely
Perform month-end closing procedures for assigned projects
What You Bring
Bachelor's degree in Accounting, Finance, or a related field
CPA or CMA certification is a plus
Minimum of 2 years of experience in construction accounting and construction/loan draw processes, preferably with a real estate developer
Proficiency in all details of the loan draw process with lenders
Proficiency in accounting software (Yardi, Yardi CM, Yardi Voyager, Sage 300, Timberscan); advanced in MS Excel, Word, and SharePoint
Strong knowledge of GAAP and financial reporting procedures and standards
Strong understanding of construction project management principles and terminology
Excellent analytical, problem-solving, and decision-making skills
High level of accuracy and attention to detail
Ability to thrive in a fast-paced environment, manage multiple priorities, and meet tight deadlines
Knowledge of construction contracts, change orders, and procurement processes is advantageous
Why You'll Love It Here
Competitive salary commensurate with experience
Comprehensive benefits package including health insurance, retirement plans, and paid time off
Collaborative and team-oriented work environment
Opportunities for professional development and career advancement within a growing organization
About Prime Group
Prime Group's vertically integrated approach unifies multiple real estate disciplines under a single roof, sharing a multifaceted vision of improved, sustainable real estate development through diverse strengths, strategic affiliates, and talented in-house professionals. Our portfolio includes retail centers, offices, mixed-use developments, hotels, resorts, restaurants, and residential single and multi-family communities, each supported through technology, planning, and experienced personnel. We are a privately owned company with the agility and strength to leverage unique opportunities, and growth is a measure of our success. Since Prime Group began as a residential real estate development company, we have grown to include commercial retail, office, hospitality, and mixed-use specialties, consultation, and management.
If you are a motivated accounting professional with a passion for real estate development and investment, we invite you to apply for the Construction Draw Specialist position at Prime Group.
Additional Details
Thank you for expressing interest in employment with Prime Group. While only those candidates considered for the position will be contacted, your resume will remain on file for 90 days.
Prime Group is an Equal Opportunity Employer.
Qualifications
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