Senior Real Estate Development Accountant

Responsibilities

• Participate in development project meetings to provide financial updates, assess risk, and support business decision-making
• Review proposals and contracts for fiscal responsibility, completeness, and consistency with billing and documentation requirements
• Prepare budget-to-actual analyses and variance reports for leadership and external stakeholders
• Cook with tax advisors, external accountants, agencies, and partners on key deliverables, including development budgets, eligible basis calculations, carryover allocations, cost certifications, bond tests (50%/25%), and 8609 filings
• Serve as a financial liaison with syndicators, lenders, and housing agencies, responding to inquiries and supporting reporting needs
• Manage construction loan draw process across multiple active development projects
• Lead the construction loan draw process across multiple active development projects
• Prepare, review, and submit draw packages to lenders, investors, and public agencies
• Coordinate supporting documentation, including pay applications, lien waivers, title reports, inspection reports, and cost backup
• Track sources and uses of funds to ensure compliance with approved budgets and financing requirements
• Monitor contingency balances and exposure
• Coordinate with vendors and project teams to ensure invoices align with contracts, change orders, and approved budgets
• Reconcile draw activity across Yardi job cost, general ledger, bank statements, and lender tracking systems
• Monitor draw schedules to ensure timely reimbursement of project expenditures
• Approve invoices and coordinate with Accounts Payable on vendor setup and payment processing
• Support project closeout activities, including final cost certification, reconciliations, and documentation
• Finance Operations & Process Improvement
• Serve as a key cross-functional partner on development finance matters, including cash management, funding timelines, and compliance
• Collaborate with Finance, IT, and external consultants to improve accounting systems and processes, including Yardi optimization initiatives
• Support the development and implementation of standard operating procedures related to development finance activities
• Recommend and implement enhancements to internal controls and accounting processes
• Partner with Asset Management on financial reporting, operating budgets, REO reporting, and contingent liability tracking
• Aid in tax filings and reporting for affiliated entities
• Ensure all financial reporting complies with GAAP and applicable accounting standards

Qualifications

• Bachelor’s degree in Accounting, Finance, or related field required; CPA preferred
• 5-8+ years of accounting experience within real estate development, with significant exposure to affordable housing projects
• Demonstrated experience managing construction loan draws and development/construction budgets
• Advanced proficiency in Yardi, including job cost, general ledger, and reporting functions
• Advanced Excel skills, including pivot tables, lookups, financial modeling, and budget tracking
• Ability to manage multiple projects and deadlines in a fast-paced development environment