Development Accountant (Foster City Office)

About MidPen

MidPen builds communities that change lives. Founded in 1970, we focus on providing safe, affordable housing of high quality to those in need. We develop affordable housing, manage properties, and support residents through various programs. With over 130 properties and 20,000 residents across 12 Northern California counties, we strive for social, economic, and racial equity.

Development Accountant

This position is responsible for the accounting cycle of development projects and newly placed in service properties, including loan draw requests, tracking project costs, preparing financial statements, and ensuring compliance with regulations and partnerships.

• Prepare and submit loan draw requests in a timely manner.
• Track project actual costs and funding usages vs. project budgeted and contracted amounts.
• Prepare analysis of budget, contract, and actual variances.
• Perform general ledger analysis and account reconciliations.
• Prepare annual audit schedules and work with external auditors.
• Collaborate with project managers and other accountants.
• Ensure all inter-entity transactions are in balance.
• Analyze and clear variances prior to financial reporting close.
• Provide ad-hoc reporting as requested.

Qualifications:

• Bachelor’s degree in Accounting or Business Administration.
• CPA preferred.
• Strong GAAP knowledge required.
• Minimum of two years of general ledger accounting experience.
• Experience in accounting for job costs, real estate development, property rehab or construction.
• Experience reviewing and ensuring compliance of regulatory, partnership, and loan agreements.
• Experience using enterprise accounting software.
• High degree of accuracy, accountability, and consistency.
• Advanced PC applications: Excel, Word, Access, and Outlook.
• Excellent English written and oral communication skills.

Benefits and Compensation:

Health Insurance, Dental, Vision, Life & Disability Insurance, 403(b) Retirement Investment, Employee Education Reimbursement Program, Paid Parental Leave, FSA for Childcare, Medical, and Commuter Benefits, EAP Program, Pet Insurance, Paid Time Off, Company Holidays, Wellness Days.

Equal Opportunity Employer: MidPen Housing Corp. provides equal employment opportunities to all employees and applicants for employment and prohibits discrimination and harassment of any type without regard to race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, gender identity or expression, or any other characteristic protected by federal, state or local laws.