Senior Development Accountant

Senior Development Accountant Overview

• The Senior Development Accountant will oversee comprehensive accounting operations for real estate development projects, ensuring accuracy and compliance.
• Manage acquisition setup, monthly close, and reporting for development entities, collaborating directly with the CFO.
• Handle full-cycle project accounting, including construction closeout and financial reconciliations.
• Ensure adherence to U.S. GAAP standards and maintain integrity across financial systems and workflows.
• Prepare detailed lender and JV partner reports, meeting contractual timelines and requirements.
• Coordinate audit schedules, tax preparations, and depreciation schedules to support external audits.
• Supervise accounts payable processes, ensuring compliance with vendor requirements and payment accuracy.
• Collaborate on financial statement reviews and cost-segregation studies with the CFO.
• Maintain construction budgets, track costs, and prepare cost-to-complete reports for project management.

Senior Development Accountant Key Responsibilities & Duties

• Set up financial systems for new acquisitions, ensuring accurate coding and workflow configurations.
• Manage monthly close processes, preparing consolidated financial reports and reconciliations.
• Track and report project costs, including hard and soft costs, change orders, and contingencies.
• Prepare lender draw packages and reconcile funding allocations to project ledgers.
• Supervise accounts payable, verifying invoices, lien waivers, and vendor compliance.
• Coordinate audit schedules, depreciation schedules, and K-1 preparations with external auditors.
• Ensure compliance with capitalization rules and manage fixed asset schedules.
• Support tax preparation processes and maintain real estate tax amortization schedules.
• Collaborate with the CFO on financial statement reviews and policy implementations.

Senior Development Accountant Job Requirements

• Bachelor's degree in Accounting or Finance is required.
• Minimum of 5 years of real estate accounting experience, including construction or development accounting.
• Proficiency in Yardi systems; experience with Ingenious Build or similar platforms preferred.
• Strong knowledge of U.S. GAAP standards and financial reporting practices.
• Demonstrated ability to manage lender draw packages and project cost tracking.
• Experience in external audit coordination and tax preparation support.
• Comfortable working independently in a remote office environment with direct CFO exposure.
• Multifamily and ground-up development experience is preferred.
• Strong analytical and organizational skills to manage complex accounting operations.