Senior Real Estate Accountant

About The Company

Built on a foundation of integrity, respect, and commitment, JPI stands out as one of the most active real estate developers and builders in the nation.  For more than 35 years, JPI has designed and developed communities with best-in-class homes and amenities. JPI is committed to data-driven management and continuous improvement. Its team of experts utilizes data – including unparalleled market research, proven business processes, and proprietary models – to ensure that every decision is strategic, focused, and produces exceptional multifamily communities with the best risk-adjusted returns. More than just great communities, JPI is focused on leaving a lasting impact on the communities where we build and is continually committed to “Building What Matters.”  JPI operates as a subsidiary of Sumitomo Forestry, which is recognized as one of the largest home builders in the United States.

About the Job

JPI has an exciting opportunity for a Senior Real Estate Accountant to join our Financial Services team located in Dallas, TX. The role of the Senior Real Estate Accountant is to be responsible for maintaining property general ledgers. The position is also responsible for compliance and financial reporting as required by the various partnership and lender agreements.

Essential Functions & Responsibilities

• Close month-end books for properties

• Record, post, and reconcile journal entries in the general ledger

• Assist with the monthly cash clearing process

• Reconcile job costs, construction draws and various inter-departmental transactions

• Review 3rd party property management month-end workbooks and coordinate corrections or changes

• Upload general ledger activity from property managers into the general ledger and reconcile uploaded activity

• Prepare and critically assess monthly, quarterly, and annual financial statements and compliance packages for partners/lenders, including sold properties until final distribution

• Review partner/lender agreements for compliance requirements

• Assist in the distribution of annual K-1s to investment partners

• Work with Project GC & Owner Accountants to research questions on draw packages

• Communicate questions. obtain data and maintain positive relationships with property management staff

• Coordinate with Real Estate Accountant Manager to resolve questions timely

• Ensure asset management fees are paid timely for operating properties

• Coordinate with Real Estate Account Manager to research various entries in the general ledger, investigate unusual balances

Non-Essential Functions & Responsibilities

• Research variances in cash received versus cash projected

• Other duties and ad hoc special projects as assigned

Education, Work Experience, & Physical Requirements

• 5-7 years of relevant full cycle accounting required

• Real estate and/or property management accounting experience strongly preferred

• Intermediate knowledge of Excel, Word

• Working experience with real estate and/or property management accounting software preferred

• Able to meet hard deadlines and demonstrate flexibility with changes in process flow and order of tasks

• Must demonstrate initiative, investigative mindset, positive attitude, and strong written and verbal communication skills

• Self-motivated/driven to accomplish tasks and an attitude of continuous learning

• Actively seeks to refine processes under management guidance

Why work for us?
 

We are a People First culture, and seek team members who are hungry, humble, and people smart with an eye to continuous improvement.  Our culture begins with people and our goal is to attract, retain, and grow the best talent in the industry.  Through ongoing investment in the development of our people, we provide meaningful opportunities for professional success and fulfillment.  Led by values and principle-based leadership, our team approaches every project with responsibility, accountability, and integrity. 

Industry Recognition
We’re not inclined to brag, but we have been recognized on some impressive lists.  Here are just a few of our noteworthy recognitions:

• NMHC - #1 Fastest Growing Developer; #2 Fastest Growing Building; #8 Largest National Developer; # 11 Largest National Builder

• Real Page – Most active multifamily developer in DFW for the past 8 years

• Dall