Project Accountant

About the Company:

Edge Visionary Living is an award-winning Perth apartment developer providing cutting edge design in highly desirable locations.

Our hardworking and innovative team takes pride in its personable hands-on approach to every project. Our vision is to deliver vibrant living spaces with standout architectural design, which results in distinct apartment communities.

We have delivered award-winning projects including Eden Floreat and Botanical Subiaco. Our current portfolio includes Riviere Residences in Applecross, Lumiere South Perth, The Dunes in Scarborough, Muse at Artisan Place in Fremantle, Broadway in Crawley, and Claytons in Mindarie.

Uniquely, we encompass an extensive in-house development, sales, marketing, finance, and construction delivery model.

About the Role: 

The Project Accountant is responsible for the preparation of accurate, timely accounting records for active luxury property developments in collaboration with the Development Manager or Development Director, and in accordance with the accepted policies and procedures of Edge Visionary Living Pty Ltd.

The compilation and maintenance of monthly project financial forecast, together with ongoing communication with debt financiers, is a significant component of this role. 

Broadly, the remit of the Project Accountant is the management of project accounting activities, providing financial support and oversight across the end-to-end development lifecycle.  

This position reports directly to the Financial Controller.

Key Responsibilities:

• Maintenance of monthly project feasibilities, maintained in Excel

• Collaboration with Development Directors to ensure accurate costs-to-complete projections for development costs

• Collaboration with Marketing Executives to ensure accurate costs-to-complete for sales, marketing and advertising costs

• Monthly reconciliation of finance costs to external loan documents and calculation of forecast finance costs across the project life cycle

• Investigate month-on-month variances to project feasibilities for reasonability and accuracy

• Preparation of Project Control Group reporting for allocated projects, including written commentary on the projected financial performance of the project and funding position

• Preparation of monthly management accounts, and annual financial statements for allocated development companies

• Ongoing financial business partnering support to Development Directors; for example, scenario analyses, or price sensitivity analyses

• Maintenance of funding tables to substantiate monthly drawdown requests from external financiers, including reconciliation to general ledger and trade payables ledger, and classification of transactions to cost items

• Liaison with external Quantity Surveyors to assist with their compilation of monthly Progress Drawdown Reports for external financiers

• Review of monthly Progress Drawdown Reports for qualitative and quantitative accuracy; for example, reconciliation of builder variations to developer contingency 

• Compilation of payment recommendation, together with supporting invoices, to facilitate drawdowns from external financiers 

• Liaison with external financiers to address ongoing enquiries on occurrence  

We are seeking:

• Prior exposure to the property development industry 

• No less than two years of experience in a similar role or position  

• Advanced proficiency with Microsoft Excel

• Proficiency with the Jobpac system is preferred, but not essential

• Strong analytical skills, coupled with a high degree of attention to detail

• Demonstrated initiative to identify, recommend and effect process improvements 

• Demonstrated ability to communicate effectively with non-financial and operational stakeholders, including Development Managers and Development Directors  

• Well-developed written and verbal communication skills 

• Demonstrated ability to manage and achieve competing deadlines 

We offer:

• Competitive remuneration

• Annual bonus scheme