System One · 11 hours ago
Development Accounting Manager
Houston, TX
Contract
Onsite
Senior Level
5+ years expSystem One is assisting our client in hiring a Development Accounting Manager. This role is responsible for overseeing all accounting and financial reporting activities related to the Company’s real estate development portfolio, and manages the day-to-day development accounting function while leading a team of three professionals.
Staffing Agency
Responsibilities
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 staff of three team members
Special projects assigned by the VP, Treasury and Accounting Development Accounting and Reporting
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 combining that information with development costs and property costs for review by VP, Treasury and Accounting
Ensure lender, partner, and joint venture reporting requirements 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 it relates to development activities
Set up and maintain predevelopment tracking and reporting
Coordinate transition of accounting over to the property management accounting team upon completion
Qualification
Required
Bachelor's degree in accounting required
Five or more years of progressive accounting experience
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
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
Preferred
Prior management or supervisory experience strongly preferred
Prior experience managing or mentoring accounting staff strongly preferred
Benefits
Health and welfare benefits coverage options including medical, dental, vision, spending accounts, life insurance, voluntary plans
Participation in a 401(k) plan
Company
System One
System One is a professional staffing firms.
5001-10000 employees
Funding
Current Stage
Late StageTotal Funding
$301.8MKey Investors
TruistOaktree Capital ManagementProspect Capital Corporation
2021-01-28Debt Financing· $290M
2020-12-08Private Equity
2016-09-20Acquired
Leadership Team
Troy Gregory
Chief Executive Officer
Dan Moran
Chief Financial Officer
Recent News
2026-01-06
Company data provided by crunchbase