Sr. Property Accountant (Development Properties)

Granite Properties•Plano, TX

1d•Onsite

About The Position

The Sr. Property Accountant (Development Properties) role involves a comprehensive range of accounting responsibilities focused on development properties. This includes general ledger review, financial statement preparation, balance sheet reconciliations, accruals, and variance explanations. The position requires maintaining accurate GAAP rent calculations, managing fixed assets, preparing joint venture partner reporting, and processing funding requests and loan draws. Additionally, the role involves analyzing PPA accounts, assisting with audits, preparing tax documentation, processing billings, recording and reconciling cash, managing expense participations, reviewing leases, and supporting management offices. The role also includes setting up jobs and processing pay applications within the JDE job cost module.

Requirements

Bachelor’s degree in accounting or finance, required; CPA, highly preferred (18 hours of accounting coursework required. If MBA, only 15 hours of accounting coursework is required).
3-5+ years commercial real estate accounting experience, or public accounting audit or other commensurate experience.
Strong problem solving, analytical and communication skills required.
Proficiency in Excel – Intermediate Level
Ability to consistently apply education, experience and good judgement to the job responsibilities at a consistently high level of performance, both in quantity and quality.
Ability to consistently and resourcefully handle multiple priorities under rapidly changing circumstances and goals, including within short timelines.
Ability to consistently, frequently and effectively communicate, coordinate and collaborate with individuals and groups primarily face-to-face, but also by telephone and electronic media.
Exceptional ability to adapt, to innovate, and to understand and comply with Granite’s policies and culture, along with all applicable laws and the highest ethical standards.
Ability to concentrate for long periods of time, whether alone or working with people in close proximity to you.
Ability to consistently attend work and to be punctual at the office.

Nice To Haves

JDE experience preferred.
Prior GAAP experience, preferred.

Responsibilities

General Accounting to include general ledger review, financial statement preparations, balance sheet/sub-ledger reconciliations, accruals, quarterly re-forecast review, and high-level monthly variance explanations.
Maintain, record, and ensure accuracy of GAAP rent calculation, including monthly analytic review.
Determine assets to place in service monthly. Place required assets in JDE fixed asset module, calculate and record depreciation, and perform reasonableness review.
Prepare and ensure accuracy of joint venture partner’s detailed reporting package monthly.
Prepare monthly funding requests and loan draws for applicable properties, including tracking project costs, budgets, estimates at completion, tenant overages, deferred shell costs. As well as assisting with preparation and tracking of project performance and cash flow.
Maintain and analyze PPA (purchase price allocation) related accounts and any related derivatives as required.
Assist with outside auditor’s one-off requests, prepare audit PBCs, and prepare audit financial statements including Balance Sheet, Income Statement, Statement of Equity, and Statement of Cash Flows.
Prepare supporting documents for annual tax packages.
Process manual billings, billing adjustments, refunds, and maintain supplemental ledgers using accounting operating system.
Record daily cash and perform daily reconciliations of cash.
Expense Participation (EP) for properties: Input EP information into JDE system for all customers on assigned properties, prepare pre-bills, annual true-ups, budget and reforecast for EP by customer.
Perform lease review for assigned properties, and peer review for EP set up.
Assist management offices, when necessary by researching issues and responding timely to their accounting related questions.
Set up jobs and process all pay apps for TI/Capital on assigned properties within the JDE job cost module.