Development Accountant

Key Responsibilities

• Prepare monthly construction draws, job cost reports, and assignments related to development and construction involving accounts payable, accounts receivable, general ledger, reporting, or banking.
• Process invoices, check requests, and wire transfers for development projects in Yardi, ensuring all necessary supporting documents are present for proper accounting and job cost coding.
• Reconcile invoice requests against approved commitments and ensure invoices are paid within contract terms and budgets. Review billing from a third-party General Contractor (GC) for lien releases, stored materials, and supporting documentation.
• Respond to contractor, development, and management inquiries regarding vendor payments and commitments, and track costs for pre-development projects.
• Ensure development budgets, contract payments, and commitments are not exceeded and comply with all applicable agreements and amendments. Collaborate with the Design and Construction (D&C) department for proper accounting details and support.
• Coordinate with the D&C department on contract approvals, change order updates, forecasting project costs, and lender compliance.
• Prepare monthly GAAP financial statements and support schedules, and assist in providing backup and support for yearly project audits.
• Adhere to internal control processes.
• Prepare all monthly/quarterly/annual debt compliance, as assigned.
• Participate in kick-off and close-out meetings with general contractors, and underwrite potential general contractors as assigned.
• Perform special projects and other duties as needed.

Skills, Knowledge, And Expertise

• Bachelor’s degree in accounting – Required
• 2+ years’ experience in accounting (preferably in real estate)
• Advanced Microsoft Office Suite experience
• Yardi Experience – Preferred
• Strong organizational skills
• Strong communication skills and ability to run meetings
• Effective collaborator
• Multi-tasking skills
• Ability to interpret development related agreements

Benefits

• Compensation: $75,000 - $85,000 / year
• Eligible for discretionary benefits: commission structure
• Eligible for standard employee benefit elections: Medical, Dental, Vision, 401K, FSA, HSA, Commuter Benefits, Employee Assistance Program, Life Insurance (employee and dependents), Short-term disability (STD), Long-term disability (LTD), Accidental death & dismemberment (AD&D), vacation days, sick days, and other benefits
• Travel: this position will not require travel