Accounting Manager, Real Estate

Accounting Houston, Texas


Description

Position at McNair Interests

Qualifications 
The requirements listed below are representative of the knowledge, skill, and/or ability required: 
  • Ability to analyze real estate and industry trends from a strategic perspective to conclude, solve problems, and assist the McNair team in doing the same.
  • Thorough understanding and knowledge of GAAP, especially as it applies to accounting for real estate activities.
  • Ability to create and analyze financial statements.
  • Ability to leverage technology to perform job functions at the highest level.  This includes proficiency in Microsoft Word with advanced proficiency in Microsoft Excel, including advanced forecasting and modeling using pivots, macros, etc. Capabilities in other software such as Argus, Microsoft Project, Adobe Suite, or CAD software are a plus.
  • Self-initiating with organizational ability to work independently on various tasks with minimal oversight while maintaining excellent time management skills and adhering to deadlines.
  • Excellent verbal and written communication skills, including interacting with employees, clients, consultants, and partners with poise and diplomacy.
  • Decision-making capabilities on significant matters, including budget development and allocation, processes, and procedures.
  • Excellent attention to detail with an ability to produce high‐quality, accurate work in a deadline-driven environment.
  • Highest degree of personal integrity, judgment, and professional ethics.
  • Ability to maintain confidential and/or proprietary information.
  • Ability to maintain professional appearance and demeanor.
  • Consistent dependability in terms of attendance and promptness.
 
 
 
 
Duties and Responsibilities 
 
  • Perform/oversee aspects of the month‐end financial reporting process, including preparing and/or reviewing journal entries, account reconciliations, and financial statements to ensure that financial statements are complete, timely, and accurate.
  • Perform/oversee the budgeting and forecasting processes and prepare budget‐to‐actual variance reports and periodic forecasts.
  • Perform/oversee the liquidity modeling/strategy for real estate assets.
  • Coordinate/assist with audit and prepare audit work papers for internal and external audits as needed.
  • Prepare and/or review cash flow projections for valuation model and variance analysis.
  • Assist with the formation of new projects.
  • Develop, document, and maintain updated written desktop policies and procedures for the position.
  • Ensure streamlined, timely, and accurate reporting of Real Estate activities to the Real Estate team and the Corporate Accounting team.
  • Accounts payable functions for development projects including but not limited to: coding of job cost invoices, review of invoices to ensure billed amounts are being billed per the contract, coordinating with Treasury department for draw payments, and vendor inquiries.
  • Maintain COI tracker for all development projects assigned, including contacting vendors for updated COIs as needed.
  • Responsible for the full accounting operations of development projects assigned from pre-development to stabilization.
  • Prepare and submit monthly draws to lenders and/or partners for all development projects assigned.
  • Prepare and review monthly job cost and development spending reports.
  • Reconciliation of job cost ledgers to the general ledger and the Monthly Development Report.
  • Monitor and communicate project budgets and actual costs to senior management.
  • Ensure capitalized costs for predevelopment, development, regular capital, tenant improvements, and leasing are recorded in compliance with the Company’s Capitalization policy.
  • Ensure development budgets, executed contract amounts, and commitments are not exceeded.
  • Perform various other tasks as needed.
 
Supervisory Responsibilities  
This position may include supervisory responsibilities.   
 
Education and/or Experience 
  • A bachelor's degree in Accounting from an accredited college or university is required.
  • Minimum of seven (7) or more years of experience in project and construction accounting encompassing similar duties.
  • Certified Public Accounting license (“CPA”) preferred.
  • Real estate and investment accounting experience preferred.
  • MRI accounting software experience is a plus.