This position is responsible for reviewing all aspects of the construction draw process, including maintaining and reviewing budgets and tracking against cost, ensuring that all supporting documentation is current, correct and complete. Also ensure that all necessary steps for timely and accurate payment are accomplished.
Ability to review and interpret construction agreements to ensure proper payment application in compliance with the construction agreement.
Review and prepare all draw materials for accuracy and timeliness, including the review of draw packages prepared by the Construction Payment Specialist.
Ensure draw payments are processed within contract terms
Confirm all invoices are coded and accurately reflected on payment application
Collaborate with the General Contractors and Construction Managers for resolution of discrepancies
Verify and/or obtain all necessary approvals on change orders and draw packages
Review and update all draw logs (draw comments, change orders, releases, insurance, etc.)
Review Contract and Budget Variance schedules
Review reconciliations between Essex and the general contractor, as well as between cost records and general ledger; reconcile retention balances and the check register
Review quarterly construction accrual information
Provide quarterly contract summary of JV Projects to Private Equity
Maintain electronic files
Special projects as required