Project 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 Project Accountant to join our Financial Services team located in Dallas, TX. The Project Accountant is responsible for full-cycle financial management of real estate development and construction projects, ensuring accurate tracking, reporting, and compliance with accounting standards. This includes budget management, draw preparation, financial reporting, funding coordination, and cash allocation for both development (soft costs) and construction (hard costs). This role collaborates closely with Project Management, Development, Banking, and Real Estate Accounting teams, as well as subcontractors, vendors, and financial institutions to ensure smooth financial operations. The role has a career progression path to Senior and Lead Project Accountant, with broader growth opportunities within the Financial Services division.

Essential Functions & Responsibilities

Financial Management for Projects

• Manage the monthly draw process for soft and / or hard costs :
• Prepare and review subcontractor pay applications & lien waivers.
• Ensure compliance with lender requirements for bank draw submissions.
• Track and reconcile cash flow for project expenditures.
• Monitor draw funding status and follow up with banks on disbursements.
• Ensure timely fund disbursements to vendors and subcontractors.
• Create and maintain project budgets for both pre-development and construction phases.

Prepare and post journal entries related to construction fees, overhead reimbursements, and funding transfers.

Draw Package Preparation & Bank Submission

Funding Follow-Up & Cash Allocation

Accounting & Reporting

Project Setup & Integration

Compliance & Process Improvement

Cross-Team Collaboration

Non-Essential Functions & Responsibilities

Education, Work Experience, & Physical Requirements

Why work for us?

We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our stated purpose is to :

JPI has an ambitious and exciting vision for how we will achieve this, which makes for a positive and dynamic work environment, with many opportunities for personal development and growth. As well as our highly competitive offering of compensation and benefits, we are committed to :

Industry Recognition

JPI offers associates a comprehensive benefits package with competitive salaries and more, including :