Senior Development Accountant

About the role

This position is a key financial partner to the Investments team, supporting development projects from acquisition through stabilization. The Senior Development Accountant will play a critical role in establishing scalable accounting processes and providing financial insight that supports investment and development decision-making.

Responsibilities

• Maintain complete accounting records for development projects, investment entities, and joint ventures.
• Assist with project cash management and funding needs throughout the development process and respond timely to urgent payment requests.
• Review and process construction invoices, ensuring costs are appropriately approved, coded, and recorded.
• Prepare journal entries, account reconciliations, accruals, and month-end close activities.
• Ensure development costs are properly classified and recorded in accordance with GAAP.
• Analyze project financial results and investigate variances or discrepancies.
• Perform capitalization analyses and ensure appropriate capitalization of development costs.
• Calculate and monitor capitalized interest for qualifying projects.
• Prepare monthly, quarterly, and annual financial statements and supporting schedules.
• Support annual audits, lender reviews, tax compliance activities, and financial due diligence requests as needed.
• Partner with Investments, Development, Construction, Asset Management, Treasury, and Corporate Accounting teams.
• Produce routine and ad hoc financial reports for management as needed.
• Serve as a trusted financial resource for development and investment stakeholders.

Qualifications

• Required Bachelor's degree in Accounting or Finance.
• 3+ years of accounting experience with direct involvement in real estate development, construction accounting, project accounting, or development finance.
• Experience managing construction draws, project funding, and lender reporting requirements.
• Strong understanding of construction-in-progress (CIP) accounting, capitalization principles, and development budgets.
• Experience reviewing construction invoices, tracking committed costs, monitoring retainage, and managing project budgets.
• Advanced Excel and financial analysis skills.
• Strong organizational, communication, and project management capabilities.

Preferred

• CPA designation or progress toward CPA.
• Commercial real estate development experience.
• Experience with joint ventures, real estate investment structures, and loan-funded development projects.
• Experience calculating capitalized interest and supporting project financing activities.
• Experience with Yardi accounting system.

Benefits

• Competitive salaries and bonuses.
• Medical, dental, and vision insurance.
• Pharmacy benefits.
• Health savings account and flexible spending accounts.
• 401(k) plan with company matching.
• Paid time off (PTO) and holiday pay.