Development Project Accountant

About the Role

Our client is a mission-driven nonprofit affordable housing developer in Brooklyn with an active development pipeline and a team of approximately 12 professionals managing 2–3 major projects at any given time. They’re creating a new Development Project Accountant role to bring structure, accountability, and real development accounting expertise to the organization. This is an opportunity for an experienced professional to step in, take ownership, and build a more efficient process from the ground up.

Reporting to one of the Controllers, this person will own the accounting and financial administration associated with development projects, including construction draws, requisitions, ACRs, lien waivers, variance reporting, anticipated cash reports, and construction fund draw-downs.

Responsibilities

• Own the development accounting process across an active portfolio of affordable housing projects
• Prepare and manage monthly construction draws and requisitions
• Coordinate ACRs, lien waivers, invoices, and supporting documentation
• Prepare and maintain variance reports and monitor project financial performance
• Develop and schedule anticipated cash reports
• Coordinate with banks, lenders, regulatory agencies, and other stakeholders on construction fund draw-downs
• Track project expenditures and ensure funding requests are accurate, complete, and submitted on schedule
• Partner with Project Managers and the development team to ensure project costs and invoices are properly captured and funded
• Help establish and improve processes around development accounting, draw management, and project financial reporting
• Serve as the internal subject-matter expert for development accounting

Requirements

• Bachelor’s degree in Accounting, Finance, or a related field required
• Direct experience with real estate development accounting
• Proven experience managing construction draws and requisitions
• Experience with lien waivers, ACRs, variance reporting, and anticipated cash reports
• Experience coordinating with banks, lenders, and regulatory agencies on construction funding
• Experience working for an owner, developer, or owner-contractor strongly preferred
• Construction draw experience is non-negotiable

Skills

• Yardi experience preferred; familiarity with job-cost accounting is a plus
• NetSuite experience is a plus as the corporate finance team transitions to the platform
• Familiarity with Northspyre or similar real estate development/project management platforms is a bonus
• CPA not required

Why This Role?

This is a newly created position with the chance to build the development accounting function rather than inherit a broken process. You’ll have meaningful ownership over the financial side of active affordable housing projects and work closely with both the development and corporate finance teams. If you know construction draws inside and out, understand what it takes to get a project funded, and are ready to become the development accounting expert within a growing affordable housing organization, this is an opportunity to make an immediate impact.

Schedule

This is a hybrid position requiring 2–3 days per week in the Brooklyn, NY office.