What are the responsibilities and job description for the Senior Real Estate Accountant position at JPI?
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 JobJPI 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
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 RecognitionWe'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
JPI will not discriminate against any characteristic protected by applicable laws. EEO applies to all conditions of employment: terms, hires, promotions, and transfers.