Real Estate Development Accountant
About The Position
We are seeking a detail-oriented and experienced Real Estate Development Accountant to manage financial operations across real estate development and construction projects throughout their full lifecycle. The role covers project accounting, construction draws, cost tracking, budgeting, and financial reporting, while supporting audits, tax preparation, and lender and investor compliance. The ideal candidate has experience in construction and development accounting, including job costing, capitalized costs, draw processes, and multi-entity structures. The accountant will work across multiple development entities and projects, maintaining accurate financial data and documentation and collaborating with development, construction, project management, and leadership teams. The role also supports process improvements, reporting enhancements, and special projects.
Requirements
- Bachelor's degree in Accounting, Finance, or a related field.
- 3–7+ years of accounting experience.
- Proven experience with project-based accounting and job costing.
- Strong knowledge of construction and development accounting principles.
- Proficiency with QuickBooks or similar accounting software.
- Advanced Microsoft Excel skills.
- Strong attention to detail and accuracy.
- Excellent analytical and problem-solving skills.
- Ability to manage multiple projects and deadlines.
- Strong organizational and documentation skills.
- Effective communication with cross-functional teams.
- Ability to thrive in a fast-paced, deadline-driven environment.
Nice To Haves
- Experience in real estate development or construction accounting.
- Experience with Smartsheet, SharePoint, and other business tools.
Responsibilities
- Track and monitor project costs across multiple developments and phases.
- Ensure accurate cost allocation and capitalization in compliance with accounting standards.
- Analyze actual costs against budgets and forecasts, identify variances, and recommend solutions.
- Maintain detailed job cost reports and project-level financials.
- Partner with project managers to ensure accurate financial tracking.
- Prepare, submit, and track construction draws and payment applications.
- Prepare settlement statements for financing closings.
- Record lender draws, capital contributions, and distributions.
- Reconcile draws to budgets, contracts, and loan agreements.
- Ensure compliance with lender requirements and deadlines.
- Coordinate with lenders, contractors, and internal stakeholders.
- Assist in developing project budgets and financial forecasts.
- Update projections based on project progress and change orders.
- Provide financial insights to project teams.
- Prepare and maintain project cash flow forecasts.
- Maintain general ledger accounts across multiple entities, including LLCs and partnerships.
- Perform monthly bank reconciliations and account analyses.
- Prepare journal entries and monthly financial reporting packages.
- Assist with quarterly and annual financial statement preparation.
- Ensure proper classification of expenses and capitalized costs.
- Prepare audit workpapers and support tax return preparation.
- Assist with cost certifications for contractors and owners.
- Maintain documentation for financing, contracts, and approvals.
- Ensure compliance with internal controls and partnership agreements.
- Maintain accurate data in accounting and project management systems.
- Use advanced Excel functions, including pivot tables and modeling.
- Support process improvements and financial reporting enhancements.
- Maintain organization across multiple development entities.
- Collaborate with development, construction, and leadership teams.
- Support reporting, documentation, and special projects as needed.
Benefits
- Competitive compensation and benefits.
- Growth and professional development opportunities.
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What This Job Offers
Job Type
Full-time
