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Accountant I (Construction & Development)

B.F. Saul Company

Bethesda, MD 20812

Full Time

Confirmed Hiring Today


B.F. Saul Company have not specified a salary for this role. DirectlyApply estimates this role should be paying an average of $92,642 per year based on similar jobs posted in the last 30 days.



Education & Experience

This role would benefit from having:

2+ years of experience
Bachelor's Degree

Job Description

Founded in 1892, B. F. Saul Company has been one of the most successful privately-owned real estate companies in the United States. Our growth has been the results of a commitment to exacting standards and the belief that knowledge of the marketplace, when paired with the ability to commit to substantial resources, will bring exceptional rewards. B. F. Saul Company has a variety of skilled professionals within the following operating divisions, Property Management, Leasing, Hospitality Group, Residential, Insurance, Construction & Development. The B. F. Saul Company concentrates on ownership, development, and construction of commercial real estate.

The Construction & Development Accountant will be responsible for all accounting activities related to assigned Cap-ex projects. Applies principles of cost accounting to conduct studies which provide detailed cost information not supplied by general accounting systems by performing the following duties:
DUTIES & RESPONSIBILITIES: Duties will include, but are not limited to the following:

    • Daily:
    • Clear Checks, records Sweeps, and Transfers in Timberline based on daily bank activity
    • Issue, track and execute Purchase Orders, Construction Contracts and Professional Service Agreements in Sage 300
    • Review /set up Budgets and Change Orders
    • Review all incoming invoices for accuracy, proper approvals, and coding and enter into Sage Paperless system for approval
    • Interact with vendors regarding invoice issues
    • Enter tenant allowance requests in Timberline and coordinate with tenant to obtain documents required per Lease for payment processing
    • Monitor job progress and any potential overruns against contracts or budgets for Cap-ex projects
    • Weekly:
    • Check run
    • (match checks to invoices and transfer requests)
    • Print, review, and analyze Job Cost reports
    • Obtain valid Certificates of Insurance and set up in Sage 300
    • Track outstanding/pending lien waivers on excel spreadsheet
    • Track and resolve outstanding invoice issues
    • (invoices on hold) on SAGE CRE 300 report
    • Monthly/Quarterly:
    • Review job cost
    • (budget and commitment) balances and follow up with managers / General contractors to ensure pay applications and invoices are received for month end closing
    • Prepare, update and distribute EAF tracking Report
    • Prepare various schedules for month end closing
    • Prepare Escrow draw requests for funding
    • Prepare Bank Reconciliation
    • Prepare Job cost entry and reconciliation
    • Close Projects and Commitments in Timberline
    • As needed:
    • Deposit misc
    • receipts, prepare and post journal entries, prepare manual checks and set up vendors
    • Special projects as identified or requested


    • Communicate effectively with vendors, management and accounting staff, internal and external auditors
    • Input and access information in the Timberline, Yardi and FAS system
    • Remain stationary at assigned post for extended periods of time
    • Focus on details; analyze and resolve numerical problems
    • Prioritize, organize and follow-up
    • Maintain confidentiality of pertinent company data
    • Work cohesively with other departments and co-workers as part of a team
    • Effectively multi-task in order to manage a variety of deadline driven projects concurrently
    • 2+ years of experience in a similar or equal position to that of a Construction or Real Estate Development Accounting
    • 2 years +Sage Timberline, Sage 300 Preferred
    • Bachelors degree
    • (B.A.) or equivalent from four year college

The Company requires that its employees be fully vaccinated against COVID-19 unless they have an approved medical or religious accommodation.
B. F. Saul Company is proud to be an equal opportunity workplace. We promote diversity and equality within all facets of our organization, and we foster an environment that recognizes employees unique skillsets and ensure that all employees have an equal opportunity to grow and advance.
If you are a candidate in need of assistance or an accommodation in the application process, please contact or .
Equal Opportunity Employer/Veterans/Disabled

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