Development Accountant

Our client, an established real estate investment and development firm, is seeking a Development Accountant to join the team. This position will support the financial reporting, budgeting, and accounting functions associated with a portfolio of real estate development projects.

The ideal candidate will have a strong foundation in accounting principles, excellent analytical skills, and an interest in real estate development. This is an opportunity to gain exposure to the financial operations of development projects, including construction financing, project budgeting, and joint venture accounting.

Key Responsibilities

• Maintain accurate accounting records for real estate development projects, including general ledger activity, journal entries, and account reconciliations.


• Assist with monthly financial reporting, including the preparation of balance sheets, income statements, and cash flow statements.


• Monitor development expenditures and reconcile actual costs against approved project budgets.


• Support the preparation and processing of construction loan draws, funding requests, and related documentation.


• Review and allocate invoices to appropriate projects and general ledger accounts.


• Prepare monthly bank reconciliations and investigate discrepancies.


• Coordinate with development and project management teams to ensure accurate tracking of project costs.


• Assist with accounting related to property acquisitions, dispositions, and other real estate transactions.


• Reconcile inter-company transactions and balances across multiple entities.


• Support joint venture accounting activities, including reviewing partner contributions, funding requests, and financial information.


• Assist with year-end audits, construction cost reviews, and preparation of supporting financial schedules.


• Collaborate with internal accounting teams, external partners, and other stakeholders to maintain accurate financial records.


• Participate in process improvements and special accounting projects as needed.

Qualifications

• Bachelor's Degree is required, preferably in Accounting


• 4+ years of accounting experience in real estate development is highly preferred