Sr. Accountant - CRE Development

SENIOR PROJECT DEVELOPMENT ACCOUNTANT
GROUND-UP REAL ESTATE DEVELOPMENT

Location: Dallas, TX
Work Environment: HYBRID (3 days in-office, 2 days remote)
 

Company Overview:
Since its inception in 1991, Provident has developed over $5.5 Billion of real estate projects. We are disciplined and focused on executing deals that offer the best strategy for Provident and our investor partners. With over three decades of experience with opportunistic land development and vertical development in various key U.S. markets, our company thrives on an entrepreneurial spirit and an excellent track record of success.

Over the past 30+ years, Provident has executed a diversified real estate investment and development platform. Currently, the $2.9 billion portfolio includes product types such as multi-family, industrial, master-planned communities, hospitality, office, retail, mixed-use, and data centers across the United States.

Under the leadership of Leon Backes and Jay Hawes, Provident is a respected, well-capitalized investment firm, that has thrived through three decades and multiple market cycles with foresight, depth of experience, and a unique ability to adapt to shifting demands, market trends, and challenging economic cycles. Provident is in constant pursuit of flexibility, innovation, and professionalism in its operations and investments. By maintaining a streamlined decision-making process, Provident is able to capitalize on fast-moving opportunities and rapidly adjust to dynamic market forces.

Position Overview:
We are seeking an experienced Project Accountant (CRE Development) to join our growing team. This role calls for a sharp eye for detail and deep expertise in full-cycle development accounting.

As Project Accountant, you’ll oversee all financial management and reporting functions tied to active ground-up development projects—ensuring accuracy, transparency, and strategic alignment across every phase of the process. This is an outstanding opportunity to join a well-established, growing company where collaboration, shared success, and integrity aren’t just valued—they’re part of the dress code. We value talent and offer a platform for your professional development.

Please note: This position does not involve property accounting. Only individuals with ground-up, full-cycle development experience will be considered.

Key Responsibilities:

📊Financial Accounting & Reporting

• Lead full-cycle accounting for development and operating real estate projects across Texas, ensuring accuracy under Income Tax Basis and/or GAAP.
• Prepare and post monthly journal entries, including accruals, cost of sales, and revenue recognition for assigned assets.
• Conduct monthly general ledger reviews to validate completeness and compliance with applicable accounting standards.

🏗️ Project & Stakeholder Collaboration

• Serve as the primary accounting liaison for project and development managers, providing financial insights and support.
• Partner with third-party property management teams to reconcile monthly operating results and ensure accurate financial reporting.
• Coordinate cross-functionally with internal teams to align on project-related financial matters and timelines.

📁 Financial Statements & Compliance

• Prepare comprehensive financial statements and reporting packages for lenders, joint venture partners, and internal leadership.
• Ensure timely and accurate compliance with lender reporting requirements, including monthly draw submissions and capital activity tracking.
• Manage monthly capital calls and distributions for joint venture partners, maintaining transparency and audit readiness.

🧮 Asset Management & Budgeting

• Set up and maintain fixed asset schedules; record depreciation and amortization for all operating properties.
• Support the development and refinement of annual budgets and forecasts for both operating and development projects.
• Prepare detailed Project Cost Summaries to track construction progress and budget adherence.

💼 Investment & Transaction Accounting

• Record equity contributions, distributions, and pick-ups for general and limited partners, including minority interest allocations.
• Oversee accounting for property acquisitions and dispositions, including waterfall calculations and journal entry preparation.
• Review and summarize transaction documents to ensure accurate financial treatment under Income Tax Basis and/or GAAP.

🧠 Strategic Support & Special Projects

• Respond to ad hoc requests and lead special projects for senior leadership, including the CFO and Controller, with a focus on strategic financial insights and operational excellence.

Experience Requirements:

• Degree in Accounting, Finance, Economics, or related field.
• 7+ years of experience with ground-up real estate development.
• Real Estate software experience: Yardi, Excel required.

Core Capabilities:

• Self-starter with an entrepreneurial mindset; thrives in dynamic environments and pivots seamlessly across projects and priorities.
• Strong analytical and creative problem-solving skills, with a results-driven approach.
• Excellent written and verbal communication skills, with the ability to present effectively to owners, equity partners, and tenants.
• Ability to work independently, managing multiple high-priority projects simultaneously.
• Lifelong learner who applies expertise with confidence and defends analysis clearly and persuasively to investment committees.

Why Join Provident?

• Industry-leading developer with strong financial backing.
• Competitive compensation package, including performance-based incentives.
• Collaborative, high-performance culture that values innovation and entrepreneurial thinking.

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