Project Accountant

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, recognized as one of the largest home builders in the United States. About the Job JPI has an exciting opportunity for a Project Accountant to join our Financial Services team located in Dallas, TX. The Project Accountant is responsible for full-cycle financial management of real estate development and construction projects, ensuring accurate tracking, reporting, and compliance with accounting standards. This includes budget management, draw preparation, financial reporting, funding coordination, and cash allocation for both development (soft costs) and construction (hard costs). This role collaborates closely with Project Management, Development, Banking, and Real Estate Accounting teams, as well as subcontractors, vendors, and financial institutions to ensure smooth financial operations. The role has a career progression path to Senior and Lead Project Accountant, with broader growth opportunities within the Financial Services division. Essential Functions & Responsibilities Financial Management for Projects Manage the monthly draw process for soft and/or hard costs, including preparing and reviewing subcontractor pay applications & lien waivers, ensuring compliance with lender requirements, tracking and reconciling cash flow, monitoring draw funding status, ensuring timely disbursements, and maintaining project budgets. Prepare and post journal entries related to construction fees, overhead reimbursements, and funding transfers. Draw Package Preparation & Bank Submission Compile and submit monthly draw packages to lenders, coordinate supporting documentation, and ensure timely submission and follow-up. Funding Follow-Up & Cash Allocation Monitor and confirm receipt of draw funding, allocate cash appropriately, reconcile funding vs. project costs, and work with banking teams on cash flow. Accounting & Reporting Maintain WIP schedules, reconcile financial data, generate reports, and monitor AP/AR aging. Project Setup & Integration Coordinate setup of financial data for new projects, assist with mapping and system integration, and support project closeout. Compliance & Process Improvement Ensure adherence to policies, assist with audits, and improve workflows. Cross-Team Collaboration Work with project management, development, banking, treasury, and regional teams for alignment and support. Non-Essential Functions & Responsibilities Represent JPI's culture and principles, resolve system issues, improve procedures, assist with special projects, attend meetings, and field questions from subcontractors/vendors. Education, Work Experience, & Physical Requirements Bachelor's Degree in Accounting or Finance. 3+ years of accounting experience, preferably in Construction, Real Estate Development, or Property Management. Proficiency in Microsoft Excel, Word, and accounting software, with advanced Excel skills. Experience in Job Cost Accounting; experience with bank draw packages, Procore, Workday, or ERP systems is preferred. Why work for us? We have a 35-year track record of developing multifamily communities with responsibility, accountability, and integrity. Our purpose is to: Transform Building Enhance Communitas Improve Lives We offer a positive, dynamic environment with opportunities for growth, comprehensive benefits, and a competitive compensation package including bonuses, PTO, holidays, insurance, 401(k), and more.

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