Development Accountant
The Community Builders • Boston, MA2d • Hybrid
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Development Accountant
The Community Builders•Boston, MA
•Hybrid
About The Position
The Staff Development Accountant will be based in The Community Builders’ Boston corporate office and will handle accounting and financial reporting for the Development department. The position follows a hybrid schedule of two days in the office and three days remote each week. The role includes supporting monthly close, loan draws, project and property ledgers, financial reporting, cost certification, audits, tax-return preparation, and basic tax matters in coordination with the Senior Development Accountant and development team.
Requirements
- Bachelor of Science degree in Accounting or equivalent.
- Two years of general accounting experience.
- One to three years of real estate or construction experience as a project accountant.
- Excellent proficiency in Microsoft Office programs, including Word, Excel, and PowerPoint.
- Superior organizational skills and attention to detail.
- Ability to communicate articulately, courteously, and professionally with coworkers.
- Ability to convey issues and problems clearly in writing and orally.
- Ability to work with minimal supervision and perform effectively under tight deadlines.
Nice To Haves
- Advanced degree.
- Experience with the requisition/draw process.
- Real estate or nonprofit accounting experience.
- Real estate development accounting experience.
- Experience with the YARDI Accounting Package.
Responsibilities
- Manage the monthly close process.
- Prepare loan draws in collaboration with the development team, track receipts by funding source, and track costs by budget category.
- Perform balance sheet account analysis and LIHTC basis analysis for cost certification.
- Review underlying documents related to acquisitions and investor entry to ensure transactions are properly accounted for.
- Maintain development general ledgers and subledgers for each property.
- Prepare financial reports and supporting schedules for monthly review with project managers.
- Maintain intercompany ledgers for projects in consolidation.
- Coordinate with auditors to support audit work, cost certification, and tax-return preparation.
- Assist the Senior Development Accountant with implementation and maintenance of systems and procedures.
- Assist the Senior Development Accountant with administration of basic tax matters.
Benefits
- Medical, dental, and vision insurance.
- 12 paid holidays and tenure-based PTO accruals.
- Employer contributions to Health Savings Accounts.
- Company-paid life and disability insurance.
- 403(b) retirement plan with company match.
- Tax-advantaged commuter/parking, medical, and dependent-care accounts.
- Hospital and critical illness insurance.
- Confidential, 24/7 Employee Assistance Program.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
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