Development Accounting Manager

Job Title:

Development Accounting Manager

Location:

Houston, Texas
Type:
Direct Hire
Contractor Work Model:
Onsite

The Development Accounting Manager is a senior accounting leader responsible for overseeing all accounting and financial reporting activities related to the Company’s real estate development portfolio, including construction projects, development entities, joint ventures, and construction financing. This role manages the day‑to‑day development accounting function, leads a team of three professionals, and serves as a key partner to Development, Construction, Treasury, and senior leadership.

• Serve as a key point of contact for internal departments (Legal, Asset Management, Finance) and external partners (JV Partners, Auditors, Banks, Consultants).
• Lead process improvement initiatives to strengthen internal controls, streamline workflows, and enhance reporting quality.
• Manage a staff of three team members.
• Manage and oversee daily accounting operations, including general ledger activities, month‑end and year‑end close, account reconciliations, bank reconciliations, and preparation of internal financial statements.
• Prepare monthly, quarterly, and annual financial reporting packages and deliver to senior leadership.
• Review and approve journal entries, account reconciliations, and supporting documentation to ensure accuracy and compliance.
• Prepare monthly Development draws for each construction project by receiving the monthly construction billings from the GC and combining that information with development costs and property costs for review by VP, Treasury and Accounting.
• Ensure lender, partner, and joint venture reporting requirements are completed accurately and on schedule, including quarterly compliance packages.
• Code and pay overhead business costs for development entity and bill back to job’s if needed.
• Analyze development property and development financial data to identify variances, trends, and opportunities for improved financial performance.
• Oversee cash management processes, including weekly cash requirements, draw requirements, payment approvals, and coordination with Accounts Payable, Construction, and Development teams.
• Oversee job cost reporting for developments, ensuring proper tracking and compliance.
• Support closing of deals by providing reports and support.
• Record closings on joint ventures and construction loans as they relate to development activities.
• Set up and maintain predevelopment tracking and reporting.
• Coordinate transition of accounting over to the property management accounting team upon completion.

• Bachelor’s degree in accounting required.
• Five or more years of progressive accounting experience; prior management or supervisory experience strongly preferred.
• Strong understanding of GAAP, financial reporting, internal controls, and accounting best practices.
• Advanced proficiency with Microsoft Excel and other Microsoft Office software.
• Experience in construction, development, property management, or real estate accounting required.
• Experience with accounting ERP software preferably Sage Intacct and/or Sage 300.
• Prior experience managing or mentoring accounting staff strongly preferred.

• Strong knowledge of accounting principles, financial analysis, and modern accounting systems.
• Strong analytical skills and attention to detail.
• Ability to maintain confidentiality and handle sensitive information appropriately.
• Excellent communication skills, both written and verbal, with the ability to collaborate across departments.
• Strong organizational skills with the ability to prepare accurate reports, manage deadlines, and drive results.
• Proficiency in Excel and financial reporting tools at an intermediate to advanced level.
• Experience with multi‑entity organizations including consolidation reporting.

• A development accounting professional who enjoys ownership and accountability.
• Someone who values structure, controls, and process improvement.
• A collaborative leader who communicates clearly with construction, development, and finance teams.
• A hands‑on manager who is comfortable both reviewing work and rolling up their sleeves.

System One is an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, age, national origin, disability, family care or medical leave status, genetic information, veteran status, marital status, or any other characteristic protected by applicable federal, state, or local law.

System One, and its subsidiaries, offer eligible employees health and welfare benefits coverage options including medical, dental, vision, spending accounts, life insurance, voluntary plans, and participation in a 401(k) plan.

: #209-Rowland Houston