Development Accountant

About the role

Hempel Real Estate is seeking a highly detail-oriented Development Accountant to join our finance team. This role supports real estate development projects from inception through stabilization, ensuring accurate tracking and reporting of project costs.

Responsibilities

• Maintain and manage the general ledger for multiple development projects
• Track and code construction and development costs to appropriate categories
• Reconcile project accounts and oversee loan draw schedules
• Assemble and review lender/equity draw packages with required documentation
• Prepare monthly balance sheet workbook reconciliations for internal review
• Produce monthly/quarterly financial reports with budget-to-actual comparisons
• Aid in year-end audit/tax preparation and coordination with external teams
• Lead the preparation and review of initial project budgets and subsequent revisions
• Track and assess budget changes, change orders, and contingency use
• Collaborate with senior development managers and executives to maintain accurate forecasts
• Absorb and document compliance with GAAP and internal policies and procedures
• Aid in building internal controls and documentation for development accounting
• Assist with special projects as assigned

Requirements

• Bachelor’s degree in Accounting, Finance, or related field
• 3+ years of accounting experience (1+ years in real estate development or construction preferred)
• Knowledge of GAAP and real estate project accounting
• Strong attention to detail and excellent organizational and time management skills
• Excellent verbal and written communication and problem-solving skills
• Demonstrated ability to manage multiple projects, priorities, and deadlines in a fast-paced environment
• Strong follow-through and ability to take ownership of responsibilities and see tasks through to completion
• Advanced proficiency in Microsoft Office (Word, Excel, Outlook)
• Ability to work independently while knowing when to seek guidance
• Highly professional

Qualifications

• CPA (active or inactive) is strongly preferred
• Familiarity with RealPage or similar accounting software
• Desired qualifications and characteristics