Real Estate / Development Accountant

Property Accountant

This Jobot Job is hosted by: Tammy RiveraAre you a fit? Easy Apply now by clicking the "Quick Apply" button and sending us your resume.Salary: $80,000 - $100,000 per year

A bit about us:

Founded nearly two decades ago and based in Maryland, with additional operations throughout Washington, DC, Maryland, and New York City, we are a growing real estate development, construction, advisory, and property management organization focused on building vibrant and sustainable communities. Our team develops affordable and workforce housing, mixed-use developments, and large-scale commercial projects while creating opportunities for underrepresented professionals within the development and construction industries. With more than $1.5 billion in active projects, we are committed to delivering impactful developments that strengthen the communities we serve.

Why join us?

Competitive Compensation and bonus opportunity!Career Growth Opportunity within a rapidly expanding development organizationExposure to $1.5B+ in active development projectsComprehensive Benefits PackageGenerous PTO & Paid HolidaysCollaborative Environment with direct exposure to Executive Leadership and CFOOpportunity to gain experience across real estate development, construction, and property management operationsStable and growing organization with a strong mission-driven culture

Job Details

Key Responsibilities & DutiesPrepare and maintain development project budgets, forecasts, and financial models throughout the project lifecycle.Track pre-development costs including land acquisition, due diligence, zoning, entitlement, permitting, legal, engineering, and architectural expenditures.Develop and maintain project pro formas, cash flow forecasts, and financial feasibility analyses.Record, classify, and monitor development expenditures in accordance with capitalization policies.Maintain general ledger accounts, project cost schedules, and development capitalization records.Monitor equity contributions, construction financing activity, and funding requirements.Prepare lender draw requests and investor reporting packages with supporting documentation.Track loan balances, interest accruals, financing fees, and repayment schedules.Reconcile development-related bank accounts, loan accounts, and project funding transactions.Produce monthly development financial reports for management, lenders, and investment partners.Perform budget-to-actual variance analysis and provide recommendations to improve project performance.Monitor project costs by phase, project, and cost category to ensure alignment with approved budgets.Manage accounts payable related to development projects, including consultant, contractor, and vendor invoices.Track and forecast project contingencies, cash requirements, and cost-to-complete estimates.Support acquisition, disposition, refinancing, and capitalization activities as needed.Prepare monthly and quarterly financial statements for development entities and projects.Assist with annual audits, tax return preparation, and investor reporting requirements.Ensure compliance with loan agreements, partnership agreements, and investor requirements.Support process improvement initiatives and special projects within the accounting and finance function.

Qualifications NeededBachelor's degree in Accounting, Finance, or a related field required.Minimum 5-7+ years of accounting experience within real estate development, construction, property accounting, or project-based environments.Strong understanding of development accounting principles, project costing, capitalization rules, and financial reporting.Experience preparing and maintaining development budgets, project pro formas, and cash flow forecasts.Experience with construction financing, lender draw requests, and loan compliance reporting preferred.Familiarity with real estate development processes including land acquisition, entitlements, permitting, and construction phases.Experience preparing monthly financial statements and management reporting packages.Strong knowledge of general ledger accounting, account reconciliations, and month-end close procedures.Proficiency in Microsoft Excel, including advanced financial modeling and reporting functions.Experience with NetSuite, Yardi, MRI, Entrata, QuickBooks, Sage Intacct, or similar accounting/ERP systems preferred.LIHTC, affordable housing, multifamily, mixed-use, commercial, or hospitality development experience is a plus.Ability to analyze budgets, forecasts, project performance, and financial trends.Strong attention to detail, organizational skills, and ability to manage multiple projects simultaneously.Excellent communication skills with the ability to interact effectively with project teams, lenders, investors, consultants, and senior leadership.

Preferred ExperienceReal estate development accounting.Construction loan administration and lender draws.Capital partner and investor reporting.Acquisition and disposition accounting.Affordable housing and LIHTC developments.Project-based accounting environments with multiple active developments.NetSuite, Yardi Voyager, or similar real estate accounting platforms.

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