Real Estate Accountant

Real Estate Accountant

Location: Midland, TX
Industry: Self-Storage Real Estate Development Construction
Experience Required: 5–10+ years

The Real Estate Accountant will serve as a cornerstone function for a fast-growing real estate and development organization with active projects, ongoing construction, and a rapidly expanding asset base in the self-storage sector. This role is designed for a seasoned accounting professional who brings deep experience in real estate or construction accounting, thrives in a high-growth entrepreneurial environment, and can immediately lift operational burdens from leadership.

The company is at an inflection point: improved reporting, visibility into asset performance, accuracy of books, and management of development draw processes will directly accelerate growth. This individual will therefore have immediate, high-impact ownership over financial reporting, processes, and accounting operations.

Key Responsibilities

Core Accounting & Reporting

• Manage full-cycle accounting for real estate and development entities, including AP, AR, GL management, bank reconciliations, and month-end close.
• Prepare accurate and timely financial statements, project cost reports, and cash-flow summaries for leadership review.
• Improve and standardize financial reporting packages to provide visibility into asset performance, budget variances, and operational KPIs.

Construction & Development Accounting

• Oversee construction draw requests, ensuring alignment with lender requirements and internal controls.
• Review, validate, and reconcile pay applications (pay apps) from general contractors and subcontractors.
• Track project budgets, commitments, change orders, and actuals.
• Maintain meticulous documentation for all construction and development activities.

Operational Support & Process Ownership

• Serve as the primary owner of accounting operations so leadership can redirect time from tactical tasks to strategic work.
• Implement and refine accounting processes, controls, and documentation standards across the organization.
• Coordinate with asset management and development teams to ensure financial information supports operational decisions.
• Liaise with external partners (CPAs, lenders, contractors, title companies) as needed.

Systems & Tools

• Utilize accounting platforms and Excel at an advanced level for reporting, modeling, and reconciliation.
• Improve internal workflows, spreadsheets, and reporting tools for better visibility and accuracy.

Qualifications

Required

• 5–10+ years of accounting experience within:
• Real estate development
• Construction (strongly preferred)
• Real estate operations (self-storage experience beneficial but not required)
• Demonstrated ability to manage multiple complex projects, cost tracking, and financial reporting simultaneously.
• Hands-on experience with:
• Construction pay apps
• Draw requests
• Project cost accounting
• Budgeting & variance analysis
• Strong proficiency in Excel (pivot tables, lookups, modeling, data integrity checks).
• Exceptional attention to detail and the ability to work independently with minimal oversight.
• Strong communication skills and the ability to interact effectively with leadership, contractors, and stakeholders.

Preferred

• Experience in a general contractor’s accounting department.
• Exposure to self-storage real estate or other commercial real estate asset classes.
• Ability to introduce improved financial discipline and reporting structures quickly.