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Hillwood Development

Senior Real Estate Accountant

Salary
$75,000-$99,999
Employment
Full Time
Real Estate Field
  • Accounting / Control
Location
Dallas
Region
TX
Postal Code
75219
Country
United States

This job is no longer active.

Description


Responsibilities:

  • Accounting and reporting for Development and Operating projects
  • Monthly review of general ledger for accuracy and completeness in accordance with GAAP and/or FV, including posting reclassifications and accruals as necessary.
  • Monthly explanation of variances to budget within predefined thresholds.
  • Set up and track fixed assets. Record depreciation and amortization for all operating projects.
  • Review of leases rent rolls and tenant agings for accuracy and FASB13 adjustments.
  • Preparation of monthly reporting package for joint venture partners and third-party owners.
  • Preparation of annual GAAP and FV operating budgets, development budgets and update forecasting.
  • Preparation of annual CAM reconciliations for operating projects.
  • Monthly calculation of development and property management fees.
  • Prepare Project Cost Summaries showing status of construction and development properties.
  • Record general and limited partners’ equity pick-ups, contributions and distributions related to investments in joint ventures as well as minority interest partners interest in projects.
  • Accounting for property acquisitions and dispositions, including review and summarization of related documents and preparation of journal entries, in accordance with GAAP.
  • Prepare wires for monthly debt service including the recalculation of interest and journalize.
  • Calculate and file Florida sales tax returns.
  • Compliance with lender reporting requirements.
  • Communicate and provide information to development directors, capital partner, auditors, corporate accounting, tax department, lenders, and others.
  • Cash Management and Payables
  • Weekly accounts payable invoice processing, including coding verification and approvals.
  • Review and approve open invoice report and determine cash availability prior to authorizing weekly check runs; submit funding request for operating expenditures for 3rd party projects.
  • For projects under construction, set up initial contract and input pay applications into job cost
  • system.
  • Prepare monthly capital calls or distributions to each of the joint venture partners, as required.
  • Preparation of monthly draw package for submission to lenders and record funding.
  • Ad hoc requests and special projects

Qualifications/ Requirements:

  • Degree in Accounting, CPA preferred
  • Commercial real estate experience in property management and development (5+ years)
  • Proficiency in Word, Excel, JD Edwards and MRI
  • Strong organization and planning and analytical skills
  • Initiative and work with minimal supervision

Job Functions


  • Accounting / Control
  • Finance
 

Job Sectors


  • Industrial
  • Office
  • Retail
 

Experience


5+ to 7 years


This job is no longer active.

 
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