Project Accountant - Commercial Real Estate

Criss Cross Commercial Group; Houston (TX); Sur place; USD 70 000 - 110 000; Plein temps

Résumé du poste

Criss Cross Commercial Group in Houston, TX is seeking an experienced project accountant to lead the accounting and financial reporting for commercial real estate development projects, including tenant improvements and retail property accounting.

The role collaborates with development, construction, property management and accounting teams to monitor budgets, funding, and milestones, prepare job-cost reports, and ensure GAAP-compliant financial statements are delivered on a timely basis.

Qualifications

• Bachelor's degree in Accounting, Finance, or a related field.
• 3+ years of relevant experience in commercial real estate development, project accounting, construction accounting, or a closely related field.
• Experience with construction loan draws, job cost accounting, development accounting, or commercial real estate property accounting.
• Working knowledge of U.S. GAAP and applicable real estate accounting practices.
• Experience maintaining general ledgers, performing account reconciliations, and preparing financial statements.
• Strong Excel skills, including proficiency with commonly used formulas and the ability to analyze data from multiple sources.
• Strong attention to detail and a demonstrated ability to produce accurate, high-quality work in a deadline-driven environment.
• Ability to independently manage multiple responsibilities, prioritize deadlines, and follow assignments through completion.
• Strong written and verbal communication skills and the ability to work professionally with lenders, consultants, contractors, clients, and partners.

Responsabilités

• Manage accounting for commercial real estate development projects from pre-development through construction and completion.
• Maintain accurate project and job cost accounting, including development costs, construction costs, tenant improvements, leasing costs, and other capital expenditures.
• Prepare monthly job cost reports and development spending reports.
• Reconcile job cost ledgers to the general ledger and investigate discrepancies.
• Track project budgets, executed contracts, commitments, change orders, and expenditures to identify potential budget issues.
• Prepare and support construction loan draw packages and related lender reporting.
• Assist with project cash-flow projections and investigate significant forecast-to-actual variances.
• Ensure capitalized project costs are recorded in accordance with capitalization policies and applicable accounting standards.
• Assist with establishing consistent job cost accounting guidelines for different types of development and capital projects.
• Develop and maintain project dashboards and reporting tools for budgets, commitments, spending, and milestones.
• Establish consistent reporting practices with project leads for timely and accurate financial information.
• Work with development and construction teams to improve the quality and usefulness of project financial information.
• Assist with the financial setup of new development projects and transition of completed projects.

Connaissances

Excel proficiency

Attention to detail

Written and verbal communication

Multitasking

Deadline-driven

Formation

Bachelor's degree in Accounting/Finance

Outils

Yardi

MRI

Description du poste

Criss Cross Commercial Group (CCCG) is seeking an experienced project accountant to join our commercial real estate team in Houston, Texas. This position will have primary responsibility for the accounting and financial reporting of commercial real estate projects (including real estate development), along with accounting for significant tenant improvement projects and a select portfolio of operating retail properties.

The ideal candidate has experience in real estate development, construction, or project accounting and is comfortable working closely with development, construction, property management, and accounting professionals. This role is particularly well suited for someone who enjoys understanding the details behind a project—not simply recording transactions—and using financial information to help project teams stay ahead of budgets, commitments, funding requirements, and major milestones.

Key Responsibilities:

Development & Project Accounting

• Manage accounting for commercial real estate development projects from pre-development through construction and completion.
• Maintain accurate project and job cost accounting, including development costs, construction costs, tenant improvements, leasing costs, and other capital expenditures.
• Prepare monthly job cost reports and development spending reports.
• Reconcile job cost ledgers to the general ledger and investigate discrepancies.
• Track project budgets, executed contracts, commitments, change orders, and expenditures to identify potential budget issues before costs are incurred or commitments exceeded.
• Prepare and support construction loan draw packages and related lender reporting.
• Assist with project cash-flow projections and investigate significant forecast-to-actual variances.
• Ensure capitalized project costs are recorded in accordance with the Company's capitalization policies and applicable accounting standards.
• Assist with establishing consistent job cost accounting guidelines for different types of development and capital projects.

Project Reporting & Controls

• Develop and maintain useful project dashboards and reporting tools that provide visibility into budgets, commitments, spending, insurance certificates, key consultants, accounting deliverables, and significant project milestones.
• Establish consistent reporting practices with project leads so financial information is timely, accurate, and available in advance of significant project decisions and milestones.
• Work with development and construction teams to improve the quality and usefulness of project financial information.
• Assist with the financial setup of new development projects and the transition of completed projects to asset and property management.

Financial & Property Accounting

• Perform property accounting for a select group of active commercial retail properties, including tenant ledger accounting.
• Complete month-end financial reporting for assigned projects and entities, including journal entries, account reconciliations, and financial statements.
• Prepare bank reconciliations, intercompany reconciliations, and certain investment account reconciliations.
• Prepare and monitor intercompany management fee billings.
• Manage the accounts payable cycle for assigned projects and entities, from invoice processing through payment.
• Assist with annual budgets, periodic forecasts, and budget-to-actual variance reporting, including explanations of significant variances.
• Maintain accurate and current written procedures for assigned accounting functions.

Required Qualifications

• Bachelor's degree in Accounting, Finance, or a related field from an accredited college or university.
• 3+ years of relevant experience in commercial real estate development, project accounting, construction accounting, or a closely related field.
• Experience with construction loan draws, job cost accounting, development accounting, or commercial real estate property accounting.
• Working knowledge of U.S. GAAP and applicable real estate accounting practices.
• Experience maintaining general ledgers, performing account reconciliations, and preparing financial statements.
• Strong Excel skills, including proficiency with commonly used formulas and the ability to organize, analyze, and present information from multiple data sources.
• Strong attention to detail and a demonstrated ability to produce accurate, high-quality work in a deadline-driven environment.
• Ability to independently manage multiple responsibilities, prioritize competing deadlines, and follow assignments through completion.
• Strong written and verbal communication skills and the ability to work professionally with employees, lenders, consultants, contractors, clients, and business partners.

Preferred Qualifications

• Experience with commercial real estate accounting software such as Yardi, MRI, or a comparable platform.
• Experience working directly with development and construction teams.
• Experience preparing or reviewing construction loan draw packages and lender reporting.
• Experience with retail development and tenant improvement projects.

What We Value

We are looking for someone who is dependable, engaged, organized, and accountable. The successful candidate will demonstrate sound professional judgment, discretion, and a high degree of personal integrity.

Just as importantly, we value someone who wants to understand how and why the work is being done. The right candidate will identify opportunities to improve processes, reduce unnecessary rework, improve communication between accounting and project teams, and create financial reporting that helps the organization make better decisions.

This position requires consistent attendance and punctuality with professional appearance and demeanor and, when project deadlines or other business needs require it, the flexibility to adjust a routine work schedule to support team deliverables.