JPI
Project Owner Accountant
JPI, Dallas, Texas, United States, 75215
About The Company
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 Job.
JPI has an exciting opportunity for a Project Owner Accountant to join our Financial Services team located in Dallas, TX. The Project Owner Accountant is responsible for all aspects of financial management and support related to ongoing development activities for JPI projects. The position works closely with the Development team, including senior management, to ensure that all project soft costs are appropriately accounted for and controlled. The position also works closely with the Project GC Accounting Team to ensure seamless handover of financial data and processes related to project hard costs. This position will also work closely with the Real Estate Accounting team and the corporate accounting team to ensure all financial entries are properly posted and reconciled.
The Project Owner Accountant position has direct career progression to Senior and Lead positions, each representing higher levels of experience, responsibility, and oversight. Wider career opportunities and progression within the JPI Financial Services Organization is also possible.
Essential Functions & Responsibilities
Soft Cost Draw and Reporting Process:Create Soft Cost Closing DrawCreate and Submit Draw ReportsMaintain and process Funding SourcesProject Set Up:
Create the Project PlanCreate the Resource Plan for ProjectCreate Soft Cost Project Budget (EIB)Create Pre-Development Budgets (EIB)Create and Maintain TA ScheduleCreate Supplier (as needed)Project Transactions:
Post and Process Draw Fundings including wire creationCreate Budget Transfer entriesCreate Change Order EntriesCreate Draw Related Journal EntriesCreate Draw Related AdjustmentsReview Billable Project TransactionsInvoice CompilationAP and AR AccrualsComplete Credit Application as neededMonitor and Maintain Budgets for Soft Cost and Pre-DevelopmentAP and AR Aging ReviewSettlement Runs for Expenses and SuppliersMiscellaneous:
Ad hoc ReportingOther Duties:
Help to document, enforce and continuously improve JPI financial procedures and policies.Act as a liaison with the Business Systems team to resolve systems issues.Act as a representative and advocate of JPI's Culture and Guiding Principles.Assist Development Managers and team in monitoring project costs, and creating, reviewing and revising budgets.Assist Regional Development team with special projects.Education, Work Experience, & Physical Requirements
Bachelor's Degree in Accounting or Finance.Relevant accounting experience in Construction and Real Estate/Property Management.Job Cost Accounting experience required.Proficient in Microsoft Office applications (Excel, Word, etc.).Why work for us?
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 BuilderReal Page - Most active multifamily developer in DFW for the past 8 yearsDallas Business Journal Best Places to Work - 2023Dallas Business Journal - Largest DFW Real Estate Developers - #11JPI offers associates a comprehensive benefits package with competitive salaries and more including:
Competitive Bonus Program4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)11 Holidays and 8 Early Release DaysMedical, Dental, Vision and Life Insurance401(k) with Company Match (Up to 5% Match)Health Savings AccountFlexible Spending Accounts (Dependent & Medical Reimbursement)Paid Parental LeavePaid Volunteer TimeTuition AssistancePhone ReimbursementAssociate Referral Bonuses
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 Job.
JPI has an exciting opportunity for a Project Owner Accountant to join our Financial Services team located in Dallas, TX. The Project Owner Accountant is responsible for all aspects of financial management and support related to ongoing development activities for JPI projects. The position works closely with the Development team, including senior management, to ensure that all project soft costs are appropriately accounted for and controlled. The position also works closely with the Project GC Accounting Team to ensure seamless handover of financial data and processes related to project hard costs. This position will also work closely with the Real Estate Accounting team and the corporate accounting team to ensure all financial entries are properly posted and reconciled.
The Project Owner Accountant position has direct career progression to Senior and Lead positions, each representing higher levels of experience, responsibility, and oversight. Wider career opportunities and progression within the JPI Financial Services Organization is also possible.
Essential Functions & Responsibilities
Soft Cost Draw and Reporting Process:Create Soft Cost Closing DrawCreate and Submit Draw ReportsMaintain and process Funding SourcesProject Set Up:
Create the Project PlanCreate the Resource Plan for ProjectCreate Soft Cost Project Budget (EIB)Create Pre-Development Budgets (EIB)Create and Maintain TA ScheduleCreate Supplier (as needed)Project Transactions:
Post and Process Draw Fundings including wire creationCreate Budget Transfer entriesCreate Change Order EntriesCreate Draw Related Journal EntriesCreate Draw Related AdjustmentsReview Billable Project TransactionsInvoice CompilationAP and AR AccrualsComplete Credit Application as neededMonitor and Maintain Budgets for Soft Cost and Pre-DevelopmentAP and AR Aging ReviewSettlement Runs for Expenses and SuppliersMiscellaneous:
Ad hoc ReportingOther Duties:
Help to document, enforce and continuously improve JPI financial procedures and policies.Act as a liaison with the Business Systems team to resolve systems issues.Act as a representative and advocate of JPI's Culture and Guiding Principles.Assist Development Managers and team in monitoring project costs, and creating, reviewing and revising budgets.Assist Regional Development team with special projects.Education, Work Experience, & Physical Requirements
Bachelor's Degree in Accounting or Finance.Relevant accounting experience in Construction and Real Estate/Property Management.Job Cost Accounting experience required.Proficient in Microsoft Office applications (Excel, Word, etc.).Why work for us?
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 BuilderReal Page - Most active multifamily developer in DFW for the past 8 yearsDallas Business Journal Best Places to Work - 2023Dallas Business Journal - Largest DFW Real Estate Developers - #11JPI offers associates a comprehensive benefits package with competitive salaries and more including:
Competitive Bonus Program4 Weeks PTO for All New Associates (Pro-Rated by Hire Date)11 Holidays and 8 Early Release DaysMedical, Dental, Vision and Life Insurance401(k) with Company Match (Up to 5% Match)Health Savings AccountFlexible Spending Accounts (Dependent & Medical Reimbursement)Paid Parental LeavePaid Volunteer TimeTuition AssistancePhone ReimbursementAssociate Referral Bonuses