Director, Development Cost Accounting

Colovore • Dallas, TX

4h

About The Position

Colovore is a leader in ultra-high-density, liquid-cooled AI colocation data centers, expanding rapidly with a national footprint. The company was acquired by King Street in 2024 and secured $925 million in funding for national expansion. Colovore is seeking a strategic and hands-on Director of Development Cost Accounting to lead all aspects of project cost accounting across its national development portfolio. This critical role ensures the accuracy, integrity, and scalability of financial reporting for ground-up construction projects. The Director will collaborate with Development, Construction, and Finance leadership to enhance financial visibility, cost discipline, and process improvement throughout the project lifecycle. Responsibilities include managing cost accounting operations, overseeing the draw process, optimizing job cost systems, and mentoring a high-performing team. The ideal candidate possesses extensive experience in real estate development or construction accounting and thrives in high-growth, fast-paced environments.

Requirements

• Deep understanding of full project cost lifecycle, including budgets, change management, accruals, capitalization, and closeout.
• Proficiency in ERP and job cost platforms such as Procore, Yardi, Textura, or similar; able to drive configuration and integration improvements.
• Demonstrated success building scalable accounting operations, process documentation (SOPs), and internal controls in dynamic environments.
• Proven ability to lead teams, partner cross-functionally, and drive alignment across finance and project stakeholders.
• 7+ years of experience in real estate development or construction accounting, with increasing responsibility.
• Proven track record of managing cost accounting across large-scale development projects.
• Experience developing policy and implementing foundational cost accounting processes.
• Versed in construction loan draw preparation and related stakeholder management.
• Experience building or leading a team and working cross-functionally with Development, Construction, and Finance leaders.
• Strong working knowledge of job cost systems, ERP platforms, and construction management software.
• Bachelor’s degree in Accounting, Finance, or a related field.

Nice To Haves

• CPA preferred but not required.

Responsibilities

• Lead all cost accounting functions for development projects from pre-construction through final closeout.
• Serve as a key business partner to Finance and Development leadership, providing strategic insight into cost drivers, risks, and savings opportunities.
• Oversee the accuracy and completeness of project cost data, including budgets, commitments, change orders, actuals, and accruals.
• Direct the preparation of timely and audit-ready monthly reports, financial statements, and lender draw packages.
• Review, evaluate, and approve change orders in coordination with construction and finance leads.
• Ensure cost impacts are aligned with scope, contract terms, and drawings, and assess cost exposure to mitigate project risk.
• Define and implement scalable cost accounting workflows, controls, and reporting frameworks.
• Lead system configuration and process enhancements across platforms like Yardi Job Cost and Textura.
• Build and lead a growing team of cost accountants.
• Foster a collaborative, high-performance culture with a focus on accountability, efficiency, and accuracy.
• Communicate financial insights and variance analysis to executive and project teams.
• Establish governance standards for job cost data integrity and support clean internal and external audits.

Benefits

• Competitive compensation with opportunities for growth and advancement
• Comprehensive health benefits (medical, dental, and vision)
• Unlimited Paid Time Off (PTO) to support flexibility, rest, and work-life balance
• 10 paid company holidays and paid sick leave
• 401(k) plan with company participation
• Professional development opportunities and learning support
• Collaborative, inclusive culture where your work makes a real impact

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Number of Employees: 1-10 employees