Sr. Development Accountant


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Job Description

Sr. Development Accountant
Howard Hughes was synonymous with entrepreneurial vision, tenacity and a pioneering spirit, much like The Howard Hughes Corporation that bears his name. While Hughes’ passion for aviation and the silver screen are legendary, it was his visionary investment in real estate that forms the bedrock of the company today. At the core of our DNA we believe we can Make Life Extraordinary. For our people, for our stakeholders, for our shareholders and for the people that live, breathe, consume and experience our brand.
We believe in “Thinking Big” at The Howard Hughes Corporation. We are driven by unwavering entrepreneurialism, a passion for excellence, and an unrelenting commitment to success. Our mission is to be the pre-eminent developer and operator of master planned communities and mixed-use properties. We create timeless places and memorable experiences that inspire people while driving sustainable, long-term growth and value for our shareholders. We create environments where people want to live, work, shop, dine and play from coast to coast to coast.
The Sr. Development Accountant position will oversee the contract administration process (involves input and tracking of development commitments, contracts and change orders into the accounting system along with the verification of invoice coding and approvals) as it relates to projects.  The Development Accountant reports to the Director of Development Accounting and will work closely with the V.P and Controller of Development Accountant in the preparation of quarterly and annual financial statement and the resolution and documentation of Divisional accounting issues and positions. .
Project Management
  • Manage contract commitments and change orders
  • Work with Director of Development Accounting and in monitoring and communicating actual project costs.
  • Work with Development Team in preparing cash forecast and analyzing actual expenses against commitments and budgets
  • Process invoices, check requests and wire transfers
  • Respond to vendor inquiries
  • Prepare monthly job costs reports for projects assigned
  • Assist in the preparation of the annual budget
  • Prepare for review loan draw packages
General Ledger Maintenance/Month End Close/Sox Requirements
  • Perform monthly close procedures related toassigned projects which includes but is not limited to preparing; journal entries, roll-forwards, reconciliations, variance analysis and audit schedules
  • Joint Venture accounting and project return analysis
  • Quarterly segment balance sheet and income statement variance analysis
  • Prepare monthly capitalized interest calculation and quarterly assist in the review and analysis of HHC’scapitalized interest calculation
Financial Reporting and Technical Research
  • Quarterly and annually assist in the preparation of 10Q and 10K by providing initial write up of MD&A, preparing supporting schedules and providing tie out package to Corporate
  • Work with Controller of Strategic Development and Directors to resolve and document Divisional Accounting issues and accounting positions in accordance with Generally Accepted Accounting Principles (GAAP) and SEC regulatory requirements.
Other Responsibilities
  • Work with Director of Development Accounting to lead key Divisional and Corporate initiatives such as implementing new accounting software or divisional policies.
  • Challenges and understands financial information so that issues are resolved and financial results are properly recorded and presented.
  • Special projects and other duties as needed.
  • Minimum of 4-8 years of accounting experience required. Real estate industry and Real Estate Development or Project Cost accounting experience.
  • Good understanding of accounting best practice processes for a publicly traded company.
  • Extensive knowledge of Microsoft Excel, Word, and related products.
  • 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.
  • Public Accounting experience preferred.
  • Large company experience.
  • Knowledge of JD Edwards general ledger application or similar ERP system.
  • Bachelor’s Degree in Accounting required.
  • CPA preferred.