Sr. Project Development Accountant

Employer
Provident
Location
Dallas, Texas
Posted
Jan 26, 2025
Closes
Jan 27, 2025
Ref
2887054364
Level
Staff, Senior
Certification
Other
Hours
Full Time
Employment Type
Permanent
Organization Type
Corporate
Job Description Job Description SENIOR PROJECT DEVELOPMENT ACCOUNTANT
GROUND-UP MULTI-FAMILY REAL ESTATE DEVELOPMENT

Location: Dallas, TX
Work Environment: HYBRID (3 days in-office, 2 days remote)


Provident is seeking an experienced Project Accountant (CRE Development) with a keen eye for detail and a strong understanding of the full-cycle development accounting process to join our growing team. The Project Accountant is responsible for all aspects of financial management and support related to ongoing development activities for Provident projects.

This is an excellent opportunity to join an established and growing company where you can contribute to our success and growth while developing your skills in a supportive environment. We value talent and offer a platform for your professional development.

Key Responsibilities:
  • Accounting and reporting for Development and Operating real estate projects.
  • Prepare monthly journal entries for assigned projects (accruals, COS, sales, etc.).
  • Monthly review of general ledger for accuracy and completeness in accordance with Income tax basis and or GAAP.
  • Be the point person for the project and development managers for assigned projects.
  • Work in conjunction with third party property management accountants regarding monthly operating financial results and ensure such are recorded correctly for each operating project.
  • Communicate and coordinate with other Provident personnel on all matters relating to the projects.
  • Prepare financial statements and reporting packages as required for lenders, partners and internal business leaders.
  • Set up and track fixed assets. Record depreciation and amortization for all operating projects.
  • Assist in the preparation of annual Income tax basis and or GAAP operating budgets, development budgets and update forecasting.
  • Prepare Project Cost Summaries showing status of construction on development properties.
  • Compliance with lender reporting requirements.
  • Prepare monthly capital calls or distributions to each of the joint venture partners, as required.
  • Preparation of monthly draw package for submission to lenders and record funding.
  • Record general and limited partners equity pick-ups, contributions, and distributions related to investments in real estate development ventures as well as minority interest partners' interest in projects.
  • Accounting for property acquisitions and dispositions including waterfalls, as well as review and summarization of related documents and preparation of journal entries, per Income tax basis and or GAAP.
  • Ad hoc requests and special projects for Business leader, CFO, and Controller.
Experience Requirements:
  • Degree in Accounting or Finance
  • 5+ years of experience
  • Real Estate development and partnership accounting experience
  • Real Estate software experience: Yardi preferred.
  • Excellent written and verbal communication skills, detail-oriented, organized, analytical, supervisory skills, possess knowledge of accounting and projection software, MS Excel
Key Attributes:
  • Adaptability adapts to changes in the work environment, manages competing demands and is able to deal with frequent change, delays or unexpected events. Desire to learn and accept new challenges.
  • Problem solving identifies and resolves problems in a timely manner and gathers and analyzes information skillfully.
  • Interpersonal Skills maintains confidentiality, displays a can do attitude. Promote a positive team spirit by giving and welcoming feedback as well as have the ability to interact and respect individuals at all levels within the organization.
  • Planning/organizing prioritizes and plans work activities, uses time efficiently and develops realistic action plans.
Company Description:

Since its inception in 1991, Provident has developed over $5.5 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success.

Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $2.9 billion portfolio includes product types such as multi-family, industrial, master-planned communities, hospitality, and data centers across the United States.

Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well-capitalized investment firm, that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision-making process, Provident is able to capitalize on fast-moving opportunities and rapidly adjust to dynamic market forces

Powered by JazzHR

ouWJTI1jAg