Sr. Manager Development Accounting

The Woodlands

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Job Description

Sr. Manager, Development Accounting
The Howard Hughes name is synonymous with entrepreneurial vision, tenacity and a pioneering spirit—values still embodied by The Howard Hughes Corporation today. While Hughes’ passion for aviation and the silver screen are legendary, it was his investment in real estate that forms the bedrock of the company.  At the core of our DNA we believe we can Make Life Extraordinary.  We strive to embody these same qualities for every individual that our company touches, from stakeholders to partners, from consumer to shareholder.
We believe in “Thinking Big” at The Howard Hughes Corporation.   We demand excellence and an unrelenting dedication to success.  Our mission is to be the pre-eminent developer and operator of master planned communities and mixed-use properties in the United States.  We create timeless places and memorable experiences that inspire people while driving sustainable, long-term growth and value. We create environments where people want to live, work, shop, dine and play from coast to coast.
The Sr. Manager of Development Accounting reports directly to the Controller Commercial Accounting. The position is responsible for basic accounting and reporting functions for our Woodlands and Bridgeland Development Projects in the Houston market.  This includes but is not limited to; supervising month-end close, preparing and reviewing journal entries, account reconciliations, roll forwards, and assisting with financial statement preparation, assisting with audit requests and maintaining effective internal controls in compliance with Sarbanes Oxley Act. 
The Manager of Development Accounting is responsible for preparing and reviewing monthly financial statements and communicating results to the Development Controller and Development Management Team.  The Manager ensures that development cost ledgers are complete and accurate and are in accordance with GAAP and internal accounting policies and procedures. This position helps ensures that development activities are accurate and project reports are prepared monthly. 
Additionally, the position ensures that project costs do not exceed authorized development budgets, development contracts and commitments. The position will help administer the contract administration process (involves input of development commitments, contracts and change orders into JD Edwards and/or e-Builder along with the verification of invoice coding and approvals) as it relates to this project.  The Manager will work closely with the Development Team in establishing annual and project budgets as well as updating cash forecasts. The position must have proven ability to communicate directly with Segment Controller, Corporate Accounting, external auditors, senior management, etc.
  • Supervising month-end close, including preparing and reviewing journal entries, account reconciliations, roll forwards, and financial statements.
  • Ensures capitalized costs are recorded in compliance with Company’s Capitalization policy.
  • Analyze project costs and schedules to place assets in service timely.
  • Monitor and communicate project budgets and actual costs.
  • Ensures development budgets, contract payments and commitments are not exceeded.
  • Assist in preparing annual budgets and periodic forecasts.
  • Assist in preparation and review monthly job costs reports.
  • Reconciliation of job costs ledgers to general ledger and monthly Job Cost Report.
  • Assist site personnel on development accounting related matters. 
  • Administration and maintenance of JD Edwards general ledger and eBuilder job cost applications.
  • Ability to travel 20-25%.
  • Minimum of 8-10 years of accounting experience required. Big 4 accounting experience is preferred.
  • Real estate industry and real estate development or project cost accounting experience.
  • Extensive knowledge of Microsoft Excel, Word, Access and related products.
    Proven ability to effectively communicate directly with Division Controller, Corporate Accounting, external auditors, senior management, etc.
  • Must be deadline focused, organized and exhibit problem-solving skills.
    Excellent verbal and written communication skills including strong technical writing skills.
  • Strong analytical and organizational skills.
  • Handle a dynamic work environment with competing priorities.
  • Proven supervisory experience.
  • Large company experience
  • Knowledge of JD Edwards general ledger application
  • Knowledge of JD Edwards job cost application or comparable job cost software
  • Knowledge of eBuilder job cost application
  • Knowledge of Hyperion or other financial reporting software
  • BS/MS Accounting
  • CPA