Development Accounting Supervisor

RXR•New York, NY

23h•Onsite

About The Position

Headquartered in New York with a nationally-scaled platform, RXR is a 450+ person, vertically integrated investment manager with expertise in a wide array of value creation activities, including acquisitions, asset and portfolio management, property operations, development, construction, leasing, and technological innovation. RXR is an active investor in real estate credit, rental housing, commercial property, and property technology through value-added and opportunistic investment strategies. Role Summary Development Accounting Supervisor is responsible for overseeing the development and cost accounting processes across development projects. This role ensures accuracy, compliance and financial integrity across budget controls, capital calls, project cost tracking, and reporting. The position partners closely with Development, Construction, Finance and leadership teams to monitor and analyze project performance, manage risk, and support strategic decision-making.

Requirements

Bachelor’s Degree in Accounting or related field
Experience in Development Real Estate
Fluent in Construction Accounting
Fluent in budgetary Cost Control
Fluent in AIA application and Construction Contracts
5+ years of relevant experience
Working Experience of Sage 300, eBuilder and Timberscan

Nice To Haves

Development Accounting Expertise
Financial Controls & Accuracy
Analytical Thinking
Accountability
Problem Solver
Systems Proficiency
Collaboration & Communication

Responsibilities

Review development accounting project capital call packages for completeness, accuracy, and compliance with approved budgets, supporting documentation, and partnership/lender requirements prior to submission
Prepare and compile capital call requests, including detailed sources and uses, supporting schedules, and required backup, for timely submission to equity partners and lenders in accordance with funding agreements
Assist with design, development and maintenance of project cost control systems and reporting
Perform comprehensive cost control analysis across development projects, including review of construction contracts, consultant agreements, change orders (construction and consultant), non-contract commitments, and all budget modifications to ensure alignment with approved financial plans and identify variances or risks
Monitor and evaluate budget changes, ensuring proper documentation, justification, and approval in accordance with internal controls and project governance standards
Ensure budgets are consistent among financial models, capital calls, construction loan draws and management reporting
Provide and analyze budget reforecasts, cost trend reports and commitments reports
Review and validate AIA requisition, construction payment application, consultant invoices for accuracy, proper coding, contract compliance, and supporting documentation prior to entry into the accounting system, ensuring adherence to project budgets and payment terms
Post vendor and consultant invoices in a timely manner, verifying proper coding, supporting documentation, and alignment with contractual terms and approved budgets
Record and reconcile electronic payments and cash deposits in the accounting system, ensuring accurate application to appropriate accounts, projects, and funding
Prepare and record accruals for expenses at period-end, ensuring completeness and accuracy of financial data in support of monthly, quarterly, and annual close processes
Record acquisition transactions, including purchase and sale of assets, ensuring proper recognition, classification, and supporting documentation in accordance with accounting standards