Project Owner 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 3 5 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 Owner Accountant to join our Financial Services team located in Dallas, TX.

The Project Owner Accountant is responsible for all aspects of financial management and support related to ongoing development activities for JPI projects.

The position works closely with the Development team, including senior management, to ensure that all project soft costs are appropriately accounted for and controlled.

The position also works closely with the Project GC Accounting Team to ensure seamless handover of financial data and processes related to project hard costs.

This position will also work closely with the Real Estate Accounting team and the corporate accounting team to ensure all financial entries are properly posted and reconciled.

The Project Owner Accountant position has direct career progression to Senior and Lead positions, each representing higher levels of experience, responsibility, and oversight.

Wider career opportunities and progression within the JPI Financial Services Organization is also possible.

Essential Functions & Responsibilities

Soft Cost Draw and Reporting Process :

Create Soft Cost Closing Draw

Create and Submit Draw Reports

Maintain and process Funding Sources

Project Set Up :

Create the Project Plan

Create the Resource Plan for Project

Create Soft Cost Project Budget (EIB)

Create Pre-Development Budgets (EIB)

Create and Maintain TA Schedule

Create Supplier (as needed)

Project Transactions :

Post and Process Draw Fundings including wire creation

Create Budget Transfer entries

Create Change Order Entries

Create Draw Related Journal Entries

Create Draw Related Adjustments

Review Billable Project Transactions

Invoice Compilation

AP and AR Accruals

Complete Credit Application as needed

Monitor and Maintain Budgets for Soft Cost and Pre-Development

AP and AR Aging Review

Settlement Runs for Expenses and Suppliers

Miscellaneous : Ad hoc Reporting

Ad hoc Reporting

Other Duties :

Help to document, enforce and continuously improve JPI financial procedures and policies.

Act as a liaison with the Business Systems team to resolve systems issues.

Act as a representative and advocate of JPI's Culture and Guiding Principles.

Assist Development Managers and team in monitoring project costs, and creating, reviewing and revising budgets.

Assist Regional Development team with special projects.

Education, Work Experience, & Physical Requirements

Bachelor's Degree in Accounting or Finance.

Relevant accounting experience in Construction and Real Estate / Property Management.

Job Cost Accounting experience required.

Proficient in Microsoft Office applications (Excel, Word, etc.).

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

Dallas Business Journal Best Places to Work - 2023

Dallas Business Journal - Largest DFW Real Estate Developers - #11

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

Competitive Bonus Program

4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)

11 Holidays and 8 Early Release Days

Medical, Dental, Vision and Life Insurance

401(k) with Company Match (Up to 5% Match)

Health Savings Account

Flexible Spending Accounts (Dependent & Medical Reimbursement)

Paid Parental Leave

Paid Volunteer Time

Tuition Assistance

Phone Reimbursement

Associate Referral Bonuses