Sr. Manager, Construction Accounting

Sr. Manager Construction Accounting

Invitation Homes is a fast-paced, evolving publicly traded REIT which is pioneering a new industry with over 100,000 single family rental homes for lease and a market capitalization of over $16 billion. We are a team of more than 1,700 associates who come from all walks of life. We call different communities “home,” but our shared values bind us together. Invitation Homes is a place where possibility lives. We need dedicated, organized, and detail-oriented accounting professionals to provide timely and accurate financial information to our partners in the field and at our corporate offices as well as to our shareholders.

We are seeking a Sr. Manager, Construction Accounting to join an energetic and collaborative accounting team that encourages creative thinking and innovative ideas to optimize success. We strive to attract talent that enjoys working in a dynamic environment, welcomes opportunities to learn about construction, management, and ownership of single-family residential homes, and embraces collaboration with Senior Leadership. This role will support our ResiBuilt Homes platform, a new wholly-owned subsidiary of Invitation Homes that is a best-in-class build-to-rent (BTR) developer. If you are a motivated, passionate, quick learner and self-starter looking for unique career experiences, this role is waiting for you!

Job Summary

The Sr. Manager, Construction Accounting has two primary responsibilities: (1) serve as a business partner delivering timely and accurate financial information for the ResiBuilt Homes platform and (2) implement Invitation Homes’ financial accounting policies and internal controls within ResiBuilt Homes. This role will serve as a key financial partner to the President of ResiBuilt Homes and will play a critical role in supporting strategic decision-making across the platform. The Sr. Manager, Construction Accounting will also lead ResiBuilt Homes’ month-end close process and will prepare a variety of monthly financial reports for both the standalone BTR construction platform and for reporting that feeds into our external reporting as a public company. The ideal candidate will have experience working in a supervisory role, well-developed organizational skills, an attention to detail, and a thorough knowledge of U.S. GAAP. This role is expected to operate with an entrepreneurial mindset, balancing technical accounting excellence with business judgment in a fast-growing, evolving construction environment.

Essential Job Duties And Responsibilities

• Oversee and review accounting for the ResiBuilt Homes platform including but not limited to revenue and cost of sales recognition, customer billing, intercompany transactions, allocations, and expense recording.
• Serve as a business partner to ResiBuilt Homes Operations team including responding to inquiries, providing accounting information to enhance operational decisions, and spending time onsite at the business supporting the local team.
• Manage ResiBuilt Homes’ month-end close process to ensure accurate reporting within established closing and reporting calendars, including review of deliverables and adherence to established deadlines.
• Prepare and review financial statements, supporting schedules, monthly and quarterly journal entries, account reconciliations, as well as analyze budget versus actuals differences.
• Ensure ResiBuilt Homes’ compliance with ASC 606 including reading contracts with customers, documenting key contract provisions, and reviewing revenue recognition journal entries.
• Implement Invitation Homes’ internal control policies to ensure SOX compliance while liaising with internal and external auditors as necessary to support audit testing throughout the year.
• Participate in accounts receivable, accounts payable, and liquidity reporting and planning.
• Assist in loan closings, securitizations, and sales processes from an accounting perspective.
• Coordinate draw requests for lenders and reconcile funding requests.
• Create and manage monthly equity requests and reporting packages for equity investors and fee build clients.
• Create, maintain, and review checks and balances that identify outlier sales, general, and administrative costs.
• Perform other duties as assigned.

Education And/or Experience

• Strong knowledge of U.S. GAAP is required; CPA required.
• Bachelor’s degree in Accounting (or related field) is required.
• 5+ years of experience in accounting, including proficiency in ASC 606, with public accounting experience a plus.
• 2+ years of experience supervising and managing a team.
• Experience in the homebuilding or engineering and construction industries a plus.
• Experience with Sage, Yardi, Procore, or BuildTopia a plus.

Skills/Specialized Knowledge

• Highly self-motivated and directed with an ability to effectively prioritize and execute tasks in a fast-paced, dynamic environment.
• Entrepreneurial mindset with the ability to thrive in an evolving organization, take ownership, and build scalable accounting processes in a growing construction business.
• Proven analytical and problem-solving abilities including the ability to identify and implement best practices that improve the team’s effectiveness and efficiency.
• Ability to comprehend, analyze, and interpret complex documents.
• Proficient with Excel and excellent written, oral, and interpersonal communication skills, including an ability to effectively present information and build and manage key internal and external relationships.
• High energy and a can-do attitude, exhibiting a responsible and responsive tenacity.
• Willingness and ability to be hands on to get the job done.
• Experience working both independently and, in a team-oriented, collaborative environment.

Other Requirements

• Ability to travel domestically out of state for up to a week at a time one to three times a quarter.
• Must maintain professional appearance.
• Ability to be at work on a regular and consistent basis; overtime may be required for this position.

Physical and Mental Demands

This position will spend long hours sitting and using office equipment and computers. The position may also entail light lifting of supplies and materials occasionally, up to and including 20 pounds in addition to reaching, stooping, standing, and walking. This position requires the ability to talk, hear, compare, compute, compile, copy, analyze, coordinate, synthesize, negotiate, and communicate. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential job functions.

Work Environment

Standard office working environment that may be busy and noisy at times.

Salary Range

The salary range for this position is: $84,225.00 - $145,990.00, plus individuals may be eligible for an annual discretionary bonus. Actual compensation within the range will be dependent upon the individual's skills, experience, qualifications, location, and applicable employment laws.

Compensation And Benefits

• Annual bonus program
• Health, dental, vision, and life insurance
• Long-term and short-term disability insurance
• Generous paid time off plans include vacation accrual, sick time, standard holidays and floating holidays
• 401(k) with company matching contributions
• Awesome work environment with casual dress
• Team events and gatherings (Pre- and Post-Covid)

Invitation Homes is an equal opportunity employer committed to fostering a diverse, inclusive and innovative environment with the best associates. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, Veteran status or any other factor protected by applicable federal, state or local law. If you have a disability or special need that requires accommodation, please contact us at humanresources@invitationhomes.com.

To all recruitment agencies: Invitation Homes does not accept agency resumes. Please do not forward resumes to Invitation Homes employees. Invitation Homes is not responsible for any fees related to unsolicited resumes.

Key skills/competency

• Construction Accounting
• US GAAP
• CPA
• ASC 606
• Financial Reporting
• Month-end Close
• Team Leadership
• SOX Compliance
• Financial Analysis
• Budget vs. Actuals Analysis