Property Accountant

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 organization
• Exposure to $1.5B+ in active development projects
• Comprehensive Benefits Package
• Generous PTO & Paid Holidays
• Collaborative Environment with direct exposure to Executive Leadership and CFO
• Opportunity to gain experience across real estate development, construction, and property management operations
• Stable and growing organization with a strong mission-driven culture

Responsibilities

• Prepare and maintain pre-development project budgets
• Track land acquisition, zoning, permitting, entitlement, and soft costs
• Monitor feasibility study expenses against approved budgets
• Develop and maintain project pro formas
• Record and classify pre-development expenditures including legal, engineering, architectural, and due diligence costs
• Maintain general ledger accounts and capitalization schedules
• Monitor equity contributions and financing draws
• Prepare lender and investor draw requests with supporting documentation
• Track loan interest, fees, and repayment schedules
• Produce monthly financial reports for management and project stakeholders
• Perform budget-to-actual variance analysis
• Support investor reporting and capital partner communications
• Maintain job cost reports by project and cost code
• Process contractor invoices and progress billings
• Prepare monthly construction draw packages including lien waivers and compliance documentation
• Reconcile lender draw disbursements and project costs
• Monitor contingency funding and project forecasts
• Prepare development-phase financial statements
• Ensure compliance with loan agreements, investor requirements, and audits
• Track insurance, bond costs, and project-related obligations
• Support process improvement initiatives and special projects
• Manage the financial aspects of our property portfolio, including budgeting, forecasting, and financial reporting
• Utilize Yardi software for property management accounting, including accounts payable, accounts receivable, and general ledger
• Conduct lease administration and ensure compliance with lease agreements
• Perform year-end close procedures and prepare financial statements
• Analyze financial data and provide strategic recommendations to senior management
• Ensure compliance with local, state, and federal tax regulations and filing requirements
• Collaborate with internal teams and external auditors to facilitate financial audits
• Develop and implement financial policies and procedures to improve efficiency and effectiveness
• Maintain up-to-date knowledge of industry trends and advancements in property accounting

Requirements

• Bachelor's Degree in Accounting or Finance required
• Minimum 7+ years of accounting experience in a construction, general contracting, real estate development, or project-based environment with at least $10M+ annual revenue exposure
• Experience with construction accounting principles including job costing, revenue recognition, general ledger accounting, and payroll taxes
• Experience preparing financial statements, financial reports, and management reporting packages
• Strong Excel skills required
• Experience with QuickBooks required
• Experience with real estate accounting, property accounting, or development accounting preferred
• LIHTC (Low-Income Housing Tax Credit) experience preferred
• Experience preparing lender draw requests and construction loan documentation preferred
• Ability to analyze project budgets, forecasts, and variances
• Strong attention to detail and ability to manage multiple projects simultaneously
• Proficiency in Yardi property management software
• Extensive experience in lease administration and year-end close procedures
• Strong understanding of accounting principles, tax laws, and financial reporting standards
• Excellent analytical, problem-solving, and decision-making skills
• Exceptional attention to detail and accuracy
• Strong interpersonal and communication skills, with the ability to effectively communicate financial information to non-financial personnel
• Proficiency in Microsoft Office Suite, particularly Excel
• Ability to work independently and as part of a team, managing multiple projects simultaneously

Pay

$80,000 - $90,000 per year