Real Estate Development Project Accountant

Criss Cross Commercial Group; Houston (TX); On-site; USD 70,000 - 110,000; Full time

Job summary

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.

Responsibilities

• 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.

Skills

Excel proficiency

Attention to detail

Written and verbal communication

Multitasking

Deadline-driven

Education

Bachelor's degree in Accounting/Finance

Tools

Yardi

MRI

Job description

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.