Vice President, Development Accounting

About PowerHouse

PowerHouse Data Centers, a wholly owned division of American Real Estate Partners (AREP), is a developer and owner of next-generation data centers and provides technical real estate solutions for hyperscalers across the country. Starting in the world's largest data center market in the heart of Northern Virginia, before strategically expanding to key markets across the United States, PowerHouse Data Centers owns its land sites, offering unique fast-track approvals and zoning approvals. As a disruptor, PowerHouse Data Centers provides flexible next-generation data center models with the quickest speed to market of any data center while meeting hyperscalers' growing market, data, utility, and space demands. With a full suite of development services, the company has 30 buildings currently in planning or underway, representing over 10.49 million square feet of data center space and over 2.3 GW of power. Operating as a division of AREP, PowerHouse Data Centers is uniquely positioned as a leader in world-class data center development across the country. Backed by strategic joint venture partnerships, PowerHouse leverages its proven leadership and best-in-class technical expertise to deliver innovative real estate solutions.

Position Overview:

The Vice President, Development Accounting will oversee all development accounting processes for the entire portfolio of projects including data center, residential and other development projects. This role is critical to our evolving business model, focusing on large, sophisticated development projects. The ideal candidate will have a proven track record in managing complex development accounting functions, overseeing compliance requirements, and working within a high-performance development environment. This position reports directly to the Chief Financial Officer. The individual will interact with all internal or external stakeholders including all AREP departments, attorneys, consultants, capital partners, tenants, contractors, and other project stakeholders as necessary.

Overall Responsibilities Include:

• Oversee development accounting processes for large-scale data center projects within PowerHouse Data Centers along with residential and other development projects.
• Ensure compliance with lender requirements, including managing construction lender draw requests.
• Review, interpret, and follow legal documents, ensuring alignment with accounting and compliance standards.
• Collaborate with construction and project management teams to ensure financial milestones are met.
• Provide strategic financial insights to the C-suite to support business growth and risk management.
• Mentor and oversee development accounting team members, ensuring accuracy and efficiency in all reporting.
• Work closely with internal stakeholders to streamline accounting processes and controls.
• Perform other related duties as assigned.

Company Value Indicators:

• INTENTIONAL: Able to build deep relationships by providing high quality interactions with stakeholders and investors.
• INTUITIVE: Ability to anticipate and prevent any barriers that may affect the timely and efficient delivery of the quarterly fund report and/or investor experience.
• CRAFTED: Able to provide high attention to detail, analytics and accurate research and reporting. Highly organized and proficient at time management
• RESPONSIVE: Ability to listen, set clear expectations and engage in crucial conversations on an internal and external level.
• RELIABLE: Able to consistently communicate goals and meet deadlines.
• IMPACT-DRIVEN: Regularly review and evaluate the effectiveness of current procedures while providing constructive feedback and researching ideas for enhancements.
• SINCERE: Able to develop a collaborative relationship with internal and external partners through trust and transparency.